einstitute.worldbank.org

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

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Doha Gateway: A Gateway to Global Action

o Keeps the Kyoto Protocol alive Launches a new commitment period Reviews the commitment in 2014

o 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

o Consolidates the architecture for implementation Transparency for implementation (“MRV”) Adaptation REDD+ New approaches to market instruments Finance Technology

Kyoto Protocol: Doha Amendment

o Second Commitment Period until 2020 But the mitigation targets only cover 15% of global emissions Canada has withdrawn from the Protocol; Japan, Russia and New Zealand will not join the second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

o 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

o 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

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Durban Platform: A New Round of Negotiation:Defining a future climate regime

o Raises the level of ambition (before 2020) Seeks additional action to close the mitigation gap

o 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

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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

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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?

Loss and Damage

o Addressing loss and damage in poor and vulnerable countries as a result of climate change Assessing impact Possible institutional mechanisms

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Thank You!

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