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Keeping Hope Alive: What did Doh a Deliver?

Keeping Hope Alive: What did Doh a Deliver?. January 16, 2013 | 10:00 AM EST Speaker: Xueman Wang Team Leader, Partnership for Market Readiness World Bank . Doha Gateway: A Gateway to Global Action . Keeps the Kyoto Protocol alive Launches a new commitment period

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Keeping Hope Alive: What did Doh a Deliver?

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  1. Keeping Hope Alive: What did Doha Deliver? January 16, 2013 | 10:00 AM EST Speaker: Xueman Wang Team Leader, Partnership for Market Readiness World Bank

  2. Doha Gateway: A Gateway to Global Action • Keeps the Kyoto Protocol alive • Launches a new commitment period • Reviews the commitment in 2014 • Streamlines the pathway to a global agreement on climate change • Closes a negotiating track launched in Bali 2007 • Establishes a timetable and milestone for 2015 Agreement • Continues the efforts to raise the level of ambition to close the mitigation gap • Consolidates the architecture for implementation • Transparency for implementation (“MRV”) • Adaptation • REDD+ • New approaches to market instruments • Finance • Technology

  3. Kyoto Protocol: Doha Amendment • Second Commitment Period until 2020 • But the mitigation targets only cover 15% of global emissions • Canada has withdrawn from the Protocol; • Japan, Russia and New Zealand will not join the second commitment period • Use of the Kyoto Mechanisms (e.g.CDM, JI) • Countries that will not join the second commitment period • will not be able to use the CDM/JI • Carry over“AAUs” – “hot air” from the first to the second commitment period • Rules related to accounting AAUs will be further developed; • A group of developed countries have declared that they will not purchase AAUs during the second commitment period

  4. Durban Platform: A New Round of Negotiation:Defining a future climate regime • Raises the level of ambition (before 2020) • Seeks additional action to close the mitigation gap • A process to prepare for adoption of a global climate agreement in 2015 • Workshops to build common understanding • Producing a negotiating text by 2014 • A summit convened by the UN Secretary General in 2014

  5. Implementation Architecture: Finance Finance • Long term financing: • Pathway from Fast Start Financing to reaching US$100bn by 2020 • $8.5bn in new financing pledged (UK, Germany, France, Denmark, Sweden and EU Commission) • Green Climate Fund: • Institution: Confirming Songdo, South Korea, to host GCF • Relationship between the GCF Board and the Conference of the Parties • Private Sector Facility

  6. New Approaches to Market Instruments • A decentralized approach: • Bilateral crediting mechanisms • Domestic mechanisms • A centralized approach • (New Market Mechanism): • Sectoral and/or • project based • Set up under the UNFCCC • Key issues: • How to ensure credibility and transparency (“e.g. real emission reductions”) • How to avoid “bureaucracy”? • What is relationship with the UNFCCC CoP?

  7. Loss and Damage • Addressing loss and damage in poor and vulnerable countries as a result of climate change • Assessing impact • Possible institutional mechanisms

  8. Thank You!

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