AGREEMENT FORCLIMATE TRANSFORMATION

Lima, Peru December 2, 2014

WHAT IS ACT 2015?A consultative journey, based on stakeholder engagement and robust research and analysis

KEY OBJECTIVE: To produce a detailed proposal for the new 2015 international climate agreement under the UNFCCC

ACT 2015 APPROACH

Elements and Ideas

for the 2015 Agreement

Proposal for the 2015

Agreement

January –September 2014

March – November 2014 1st December 2014

International Convenings

March 2015

Research and Analysis DisseminateResearch

FUNCTIONS OF THE AGREEMENT • Send a clear signal to governments, business, investors, and the

public that the low-carbon economy is inevitable, and accelerate the investment shift to low carbon.

• Link to the science with a sense of urgency.

• Connect the global agreement to the “real economy and real people” and enhance sustainable development.

• Demonstrate fairness and equity in climate actions.

• Provide transparency and accountability for country commitments.

• Ensure that vulnerable communities have the capacity to build resilience, manage and adapt to the impacts of climate change.

• Incentivize action and promote cooperation and collaboration.

Core Components of the 2015 Agreement

Timeline

EQUITY AND DIFFERENTIATION

MITIGATION: Different timeframes for phase out; types of commitments; Equity Framework by technical panel

MRV: Pathway to a common approach with tiered approach and testing period

Linking Mitigation and Adaptation through Science and Equity reviews

SUPPORT: Capacity building facility; finance pledges (Annex 2+ process for others)

LONG-TERM MITIGATION GOALTo ensure that global temperature increase stays below an average of 2oC in comparison to preindustrial levels, by implementing a phase-out of all GHG emissions to net zero as early as possible in the second half of this century

Continuous MITIGATION Cycle of Improvement:

Continuous MITIGATION Cycle of Improvement: • All countries shall adopt transparent mitigation commitments

consistent with CBDR- RC

• No weakening of existing commitments

• LDCs and SIDS in need are given flexibility ( timeframe, more specific support)

• Same end date of 2025. Additional commitments for 2030 subject to revisiting in the next round

• If no submission: reference to Implementation Committee with removal of privilege

• 5-year Continuous assessment and revision cycle to raise the ambition until the long-term goal is met. Assessment includes assessment of support (needs and delivery)

• In addition, Parties can revise their commitments upwards at any point in time

LONG-TERM ADAPTATION GOAL

To reduce the vulnerability, and build the resilience, of communities to climate change impacts, through collective actions applicable to all countries, based on their common but differentiated responsibilities and respective capabilities

Continuous ADAPTATION Cycle of Improvement: Cycle for Adaptation

• Every five years, all Parties should commit to strengthen their adaptation efforts to build resilience

• Such efforts informed by NAPs and National Communications -then communicated and assessed every five years

• NAPs put in place by 1 January 2018 taking into consideration climate change scenarios of 2oC, 3oC and 4oC temperature increases

In order to achieve the Adaptation Goal:

• Strengthen and advance international cooperation on adaptation over time

• scaled up finance to meet that goal (including 50/50 goal)

• Integration of adaptation into all relevant international organizations + Reporting on how they achieve the adaptation goal

Loss and Damage• Establish the Warsaw International

Mechanism in the Agreement as the Platform for Loss and Damage with a mandate beyond 2016 with periodic outcome of the outcome of its work. A detailed work plan could be developed through COP decisions.

• Acceleration of the work of the Executive Committee of the WIM

• Further research to be initiated, in collaboration with relevant organizations, to explore options for dealing with permanent loss.

Land Use Change

• The Agreement mandates the convergence and harmonization of LULUCF and REDD+ MRV and accounting rules.

• Rules guided by the following principles:• Environmental integrity • Environmental, governance and social safeguards• Comparability and transparency, including mechanisms to prevent

double counting

The Agreement should encourage an integrated approach that connects mitigation programs and activities with adaptation priorities

• LT Political target to scale-up public climate finance to x 50% to adaptation

• GCF every 4 year replenishment

• MRV of finance

• National investment/finance plans

• Alignment of financial institutions

• Continue discussion on innovative finance

• LT Political target to scale-up public climate finance to x 50% to adaptation

• GCF every 4 year replenishment

• MRV of finance

• National investment/finance plans

• Alignment of financial institutions

• Continue discussion on innovative finance

• Establish Tech mechanism in Agreement (TEC & CTCN)

• Set goals: R&D, cost of certain technology down to certain level

• Establish dedicated program withe GCF to finance tech mechanism

• Establish Tech mechanism in Agreement (TEC & CTCN)

• Set goals: R&D, cost of certain technology down to certain level

• Establish dedicated program withe GCF to finance tech mechanism

• Capacity building Facility

• Entirely dedicated to meeting requirements of the convention

• Focal point to coordinate, support, manage activities

• Responsive to existing national coordination

• GEF or GCF

• Capacity building Facility

• Entirely dedicated to meeting requirements of the convention

• Focal point to coordinate, support, manage activities

• Responsive to existing national coordination

• GEF or GCF

Capacity Building

Tech transfer & Cooperation

Finance

Assessment every five years

Continuous SUPPORT Cycle of Improvement:

TRANSPARENCY AND ACCOUNTABILITY

Journey to an Enhanced Common and Differentiated MRV

framework that support the 5-year Assessment cycle

• Perceived as fair

• Guided by principles, general rules and guidelines

• Result in continuous improvement

• Supported by a capacity building facility and implementation committee

• The agreement should mandate the establishment of an implementation committee operating a mechanism to facilitate and promote implementation

• A clear process and timeline for the full elaboration of the mechanism should also be agreed. The rules of the mechanism agreed by 2017 at the latest

MECHANISM FOR FACILITATING AND PROMOTING IMPLEMENTATIONTRANSPARENCY AND ACCOUNTABILITY

OTHER CROSS-CUTTING ISSUES

• Encourage groups of countries that wish to lead by undertaking cooperative actions to do so

• Establish a process to explore how best to encourage and enable such actions

• Mandate the COP to take follow-up decisions

• The Agreement should acknowledge the importance of both sub-national and non-state actor initiatives. It should establish a process to explore how best to encourage and enable such actions

THANK YOU!

ACT 2015 is supported by:

ACT 2015 Partners: