COP24 – Day 8

[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]During this second week, the presidency of the COP has decided to change the methodology of work, and they are implementing the so-called “clusters” (one being mitigation, one adaptation, etc), so they can manage the interlinkages between different issues.

Money Money Money
Yesterday we had two high-level events, one on pre-2020 action and one on climate finance, which included ministers, CEOs and representatives of Funds.

Interestingly, both events focused a lot on finance issues, proving how important they are for these negotiations.

  • Norway promised doubling its contributions to the GCF and continue providing finance for REDD+ at least at current levels until 2030
  • Germany said would double its contribution to the GCF in the upcoming replenishment
  • Sweden announced two additional contributions of approximately USD 5.5 million to the Adaptation Fund and the LDC Fund, respectively
  • New Zealand announced that would contribute an additional approximately USD 2 million to the Adaptation Fund over the next three years
    Global Stocktake
  • The GST text looks quite solid, but there are some issues remaining, mainly political ones.

These include equity issues and also loss and damage. It is unclear if the latter should be in a separate workstream or addressed into adaptation – and you can guess which countries support what 😉

Response measures + Talanoa
Today starts the political phase of the Talanoa Dialogue, and we are hoping to see a very ambitious outcome coming out of that, including ramping up ambition in NDCs.

Some people in the corridors argue that we won’t see progress in Talanoa if we don’t have a solid Response Measures outcome, which is the work programme that would support countries (like the Saudis) to transition to a more sustainable economies.

COP 20, COP 21 and COP 24 Presidents have been meeting under the “COP Presidents’ Council”. Yesterday they called for a just ecological transition, with and a COP 24 High-Ambition Package.[/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]Human Rights day was a big theme for the Trackers yesterday. Both Hans (Mongabay) and Jhesset (Daily Inquirer) published damming pieces linking the irony of a push-back on Human Rights inclusions with the 70th anniversary of the UN Human Rights Declaration.

With an angle that is not often read in Poland, Gabriella has written in focusing on the impact that hindering solar and wind could be having on the Polish economy.

Manka (Times of India) has revealed that in the last year alone, India has approved over 14 MW of thermal coal projects – which is almost half the nation’s famed collective solar capacity – in only 1 year.[/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]Australia: Speculation is rife around the future of market mechanisms and carbon credits in the Post-Paris agenda – but Australia’s Peter Hannan suspects that Australia could be planning to cash in on past credits from its Kyoto cuts to make up for current rising emissions?

California: The Californian fires devastated entire neighbourhoods this year. In fact, 5 of the state’s worst ever fires have happened in the last year (yes you read that right). The Guardian looks into why these fires might become the “new normal.” 

China: WIRED has been doing some good stories this week, in collaboration with ClimateDesk – here’s one looking at why China is both the greatest hope and biggest threat to renewable energy around the world – “it burns half the world’s coal but also owns half the world’s electric vehicles and most of its electric buses.”[/vc_column_text][divider line_type=”No Line” custom_height=”40″][vc_column_text]Photo: Kiara Worth, ENB

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