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“Fast” Start Finance 2010 ecbi Fewllowship

ecbi. european capacity building initiative initiative européenne de renforcement des capacités. “Fast” Start Finance 2010 ecbi Fewllowship. for sustained capacity building in support of international climate change negotiations

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“Fast” Start Finance 2010 ecbi Fewllowship

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  1. ecbi european capacity building initiative initiative européenne de renforcement des capacités “Fast” Start Finance 2010 ecbi Fewllowship for sustained capacity building in support of international climate change negotiations pour un renforcement durable des capacités en appui aux négociations internationales sur les changements climatiques

  2. Limited resource and huge need and expectation Needs: Estimates vary, between $500bn and $700bn per year (UNDP: 200b US$ for mitigation and 49-171b$ for adaptation in developing countries in 2030) Resources under framework of UNFCCC: • the 5th replenishment of GEF: $1.36bn for climate [FSF?] • Adaptation Fund: current monetized value $317 m

  3. 2. Interpretation of the Copenhagen Accord • FSF 30b US$ should come public resources • LFA 100b US$ should majorly from public resources with supplemental by market mechanisms if they could take place then

  4. 3. Ambitious promise but difficult action • Promises made by some Parties to FSF -US: 10b US$ (Clinton, COP15) -Japan: 15b US$ (Hatoyama Initiative) -EU: 7.2 b Euro (EU Env. Ministers'decision) -Australia: 599 m AU$ -Canada: 400m CAN$ • None one commits to carry the promise out except EU reiterates its announcement • Indications of backtracking on public resources

  5. 4. Lack of Progress (i) No progress in the negotiation either under FCCC context or any other forum to support a decision or conclusion by COP 16 on the financial issue which will be the decisive element of a successful Cancun Conference. (ii) FCCC: -FCCC-managed (Adaptation Fund) or a MDB-managed

  6. 5. Questions for discussion: 1. Can and should there be aCOP Decision at Cancun on FSF pledges, including reporting contributions and receipts. 2. How to ensure fulfillment of pledges? 3. Should FSF be conditional on association with the Copenhagen Accord? 4. What does ‘new and additional’ mean for FSF? 5. What remains of the trust-building aim of FSF?

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