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Major Economies Forum National actions and how they can address long-term objectives to combat climate change. Presentation by South Africa. Two Scenarios frame South Africa’s options. Current development. trends. Reach for the Goal. Low cost SD-PAMs. Incentivised mitigation action.
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Major Economies Forum National actions and how they can address long-term objectives to combat climate change Presentation by South Africa
Current development trends Reach for the Goal Low cost SD-PAMs Incentivised mitigation action Incentivised GHG pricing Three Strategic Options 1800 1600 1400 1200 1000 800 600 400 IPCC lowest scenario 200 0 2003 2006 2009 2012 2015 2018 2021 2024 2027 2030 2033 2036 2039 2042 2045 2048 2050
Assumptions • IPCC Box 13.7: distinction between absolute and relative reductions is fundamental • Equitable approach: development space for developing countries (peak, plateau & decline) & nearer term peak and decline for developed countries • Adequate, predictable and binding international support • Annex I QERC’s: aggregate at least 40% by 2020; 80 – 95% by 2050; 1990 base year • Neither a pathway nor the domestic actions needed to achieve the pathway can substitute for a quantified emission reduction commitment (QERC)
Discussion on long term pathways should not… • For developed countries: • Divert attention from Bali Roadmap, incl. mid-term targets & comparability of effort • Introduce approaches that will not form part of legally-binding international regime • For developing countries: • Introduce new layer of conditionality to access international climate funding &technology (it is a domestic planning tool) • Dilute the principle of common but differentiated responsibilities & respective capabilities