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Signals from Durban: Next steps for Climate Change

KP. Green Fund. Roadmap. What else ?. Signals from Durban: Next steps for Climate Change. January 17, 2012: | 10:00 AM EST Speaker: Neeraj Prasad Manager, Climate Change Practice, World Bank Institute. So who “won”?. And who “lost”?. Roadmap to a Global Deal.

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Signals from Durban: Next steps for Climate Change

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  1. KP Green Fund Roadmap What else? Signals from Durban: Next steps for Climate Change January 17, 2012: | 10:00 AM EST Speaker: Neeraj Prasad Manager, Climate Change Practice, World Bank Institute

  2. So who “won”? And who “lost”?

  3. Roadmap to a Global Deal • Durban Program for Enhanced Action: complete negotiations by 2015, in force from 2020 • To have "legal force” • New Working Group created.

  4. Kyoto Protocol: a fresh mandate • EU plus 11countries • To run from Jan 1 2013 to at least end-2017 • CDM to Continue • A new mechanism to be considered. • One chemical added (NF3)

  5. Carbon Markets: Boost from Durban? • CDM Board to further improve procedures for PoA, extend scope of activities under standardized baselines, simplify procedures • New market mechanism to be defined. Decision to be made at COP18 • CCS allowed in • But prices are taking a beating!

  6. Adaptation • Adaptation Committee (16 members, personal capacity) • To meet twice a year. Develop 3-year plan of work Outputs: • - e.g. Recommendations for coherence among different funds • - Knowledge synthesis; roster of experts • - Assessment of capacities of regional centers

  7. Green Climate Fund (GCF) • GCF to have juridical personality • Board of 24 members, half of them from developing countries, to be selected in next 3 months. First meeting by June. Interim secretariat to be managed by UNFCCC and GEF, in Bonn • Bids for permanent secretariat by April 2012 -- South Africa, Singapore, Geneva, Germany, Mexico, etc. are offering to host. • The World Bank will currently continue as interim trustee. After 3 years, a competitive process • World Bank etc. as implementing agencies \, + provision for direct access • Private Sector Facility

  8. Technology Mechanism • To Be fully operational in 2012 ….to be defined further • Technology Executive Committee • Climate Technology Center and Network • Call for Proposals to host the Center

  9. Agriculture • Highly contentious debate over whether agriculture is just adaptation or also mitigation • Decision: SBSTA to take up issue in June based on submissions. Decision at COP18 in Qatar

  10. REDD+ • Financing: • Public and private participation on table, but emerging • Market-based approaches to be developed • SBSTA/LCA to develop results-based rules • Safeguards: based on national systems, to be improved over time • Reference levels: step-wise improvements. Countries to submit proposed baselines

  11. NAMAs and ICA • Parties urged to submit NAMAs • Developing countries encouraged to submit Low Emissions Development Strategies, and share experiences • Registry established to facilitate matching of plans and finance • ICA: • Step 1: analysis by technical experts • Step 2: technical report to be reviewed in SBI

  12. Open Data

  13. So What are the implications for us? • No regulatory environment until 2020, so in this decade, need for action from the ground up. Countries need to lead by example. • 2012 is a crucial year for engaging in Green Fund design, showing that professionalism matters. • 2012 offers major opportunities for influencing the negotiations’ outcome in energy, agriculture, adaptation, and technology. • 2012-2016 transition period needs careful management.

  14. Thank You! Neeraj PrasadManager Climate Change Practice World Bank Institute The World Bank 1818 H Street, NW Washington, DC 20433Tel: (202)458-5893

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