COP 24 – Day 9

[vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”2/3″][vc_text_separator title=”DAY 8: KEY UPDATES” title_align=”separator_align_left”][vc_column_text]Talanoing
The political phase of the Talanoa Dialogue started yesterday, with high-level speakers such as the IPCC chair, former COP presidents and many different ministers.

Delegates said they were inspired by the sharing of stories, but not so much the Egyptian minister, who stated that he had no interest in discussing more ambitious NDCs before 2020 and said there should be no negotiated outcome of Talanoa. Great start!

Poland takes over
Yesterday at approximately 6:30pm the COP presidency held a stocktake to assess the progress of the technical negotiations so far. He called the progress “insufficient” and announced that the presidency will be taking over the negotiations.

A new text will be released today morning, and groups of ministers have been asked to follow the next round of negotiations.

Climate Home News explains in their newsletter that it has happened before that the presidency takes over, with the best example being Paris. Will it be good this time?

Sticky issues
During the stocktake, the different facilitators went over the issues that remain unresolved – quite a long list!

  • Transparency: there is no agreement on when the new transparency framework should start and its operationalisation over time
  • Mitigation: there are issues with differentiation on information to be provided, and accounting
  • Global Stocktake: it is still unclear how to make equity work, and the thematic areas (will they include loss and damage?)
  • Article 6 (markets!): it is still unclear how it will be linked to the Adaptation Fund and the idea of “overall mitigation” (because markets are here to reduce emissions, right?)
  • Technology and adaptation: there are still issues with differentiation, and how to involve other bodies like the IPCC

Finally, finance is still the most complicated issue of this COP. The Eco newsletter today presents a great summary of what the ministers need to agree on regarding this issue, including committing to giving money to the GCF and solving the predictability issues.[/vc_column_text][divider line_type=”No Line” custom_height=”30″][vc_text_separator title=”FROM OUR FELLOWS” title_align=”separator_align_left”][divider line_type=”No Line” custom_height=”30″][vc_column_text]Hans (Mongabay) wrote a great perspective piece on European leadership, and the hypocrisy of their gas investments.

Finance remains a key divide into week 2. Jhesset (Daily Inquirer) focused on the latest finance stalemate.

Our Polish Tracker (Gabriella in Wyborcza) continues making waves. This piece is about what Poland is missing out on by not promoting renewables.[/vc_column_text][divider line_type=”No Line” custom_height=”30″][vc_text_separator title=”WIDER NEWS” title_align=”separator_align_left”][divider line_type=”No Line” custom_height=”30″][vc_column_text]Modi shock loss: Narendra Modi’s BJP political party lost big time in 3 key states that were seen as “heartland” areas critical to his chances of re-election next year.

Companies are really underestimating how much Climate Change is going to suck. “In an analysis of 1,630 companies’ corporate disclosures about the effects of climate change, the researchers found that the aggregate risk reported by companies only adds up to tens of billions of dollars, whereas most experts estimate the actual cost will climb into the trillions” – reported by Quartz.

Reindeers in the Artic are dying fast. Half of them are already gone.[/vc_column_text][divider line_type=”No Line” custom_height=”30″][vc_text_separator title=”TODAY’S EVENTS” title_align=”separator_align_left”][divider line_type=”No Line” custom_height=”30″][vc_column_text]11:30 – Enhanced RE and NDCs – CAN & IRENA (Warmia)
11:30 – Forests first – nature-based climate solutions – UN + a range of gov. officials
13:15 – Accelerating clean energy transitions – IRENA & gov heads (Wasia)
15:00 – De-risking climate finance – Nordic Ministers (Wisla)
15:00 – Raising the bar on nature-based solutions in NDCs – IUCN (Bug)
18:30 – GCF high-level side-event: Successful start. Ambitious future (Pieniny)




10:00 – Lots of Big Speeches from Ministers.

11:00 – Al Gore addressing US inaction.

14:00 – Talanoa Dialogue Closing meeting (Talanoa Dialogue Closing Meeting)

14:00 – EU press conference.[/vc_column_text][divider line_type=”No Line” custom_height=”40″][vc_column_text]Photo: Kiara Worth, ENB

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