Showing posts with label Climate Investment Funds. Show all posts
Showing posts with label Climate Investment Funds. Show all posts

Wednesday, 30 November 2011

the Earth's surface is continuing to get warmer, according to the World Meteorological Organization


Warm blast hits UN climate summit

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A huge swathe of East Africa has seen severe drought for several years


Refugees with water containersDespite non-record temperatures this year, the Earth's surface is continuing to get warmer, according to the World Meteorological Organization (WMO).
In its annual briefing to the UN climate summit, the agency says 2011 is so far the 10th warmest year on record.
But continued warming was masked by cooling La Nina conditions, it adds.
At the summit itself, in the South African city of Durban, delegates discussed Monday's news that Canada may formally renounce the Kyoto Protocol.

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The government is concerned that its economic development could be hindered if it takes stronger action on greenhouse gas emissions than the US, its main trading partner.
The developing world is split between countries that share Canada's concern that curbing emissions could damage economic competitiveness, and those that insist curbs are absolutely necessary in order to safeguard their existence against projected climate impacts such as sea level rise.
The WMO briefing will not have given comfort to any delegates hoping that the slowdown in temperature rise observed over the last decade meant global warming had stopped.
Although provisional figures put 2011 as only the 10th warmest on record, the WMO says it has been hotter than any previous year on record that experienced such strong La Nina conditions.


This year's La Nina conditions were also associated with droughts in East Africa, Pacific islands and the southern US, and flooding in southern Africa, eastern Australia and southern Asia.Here, the appearance of relatively cold water at the surface of the eastern Pacific Ocean reduces the average temperature in the atmosphere.
The agency also points out that the 13 warmest years on record have all occurred in the 15 years since 1997, and that the summer Arctic melt saw sea ice decline to the smallest volume on record.
"Our science is solid, and it proves unequivocally that the world is warming and that this warming is due to human activities," said WMO secretary-general Michel Jarraud.
"Concentrations of greenhouse gases... are very rapidly approaching levels consistent with a 2.0-2.4C rise in average global temperatures, which scientists believe could trigger far-reaching and irreversible changes in our Earth, biosphere and oceans."
Sticking to the rules
Inside the conference halls in Durban, one of the climate convention's sharpest divides - the future of the Kyoto Protocol - was thrown into sharp relief by Canada's announcement that it would not accept further emission cuts under the treaty.
Syncrude tar sands development in AlbertaTar sands exploitation comes at a heavy environmental cost, locally as well as globally
On Monday, Canada's environment minister Peter Kent confirmed the government's decision to reporters in the capital Ottawa.
The current emission targets expire at the end of next year.
Though this helps align Canada with its giant southern neighbour, it has embarked on a collision course with developing nations.
As formal negotiations on the protocol began in Durban, Argentinian delegate Silvia Merega spelled out what the powerful 132-nation G77/China bloc of developing countries was anticipating.
"The Group of 77 and China expects that developed countries put forward ambitious quantified emission reduction commitments under the Kyoto Protocol," she said.
"The protocol, its mechanisms, its rules and its compliance system must be preserved and strengthened for the preservation of the legally-binding, international, multilateral rules-based system created under the [UN climate] convention."

Durban climate conference

  • Summit will attempt to agree the road map for a future global deal on reducing carbon emissions
  • Developing countries are insisting rich nations pledge further emission cuts under the Kyoto Protocol
  • Delegates also aim to finalise some deals struck at last year's summit
  • These include speeding up the roll-out of clean technology to developing nations…
  • … and a system for managing the Green Climate Fund, scheduled to gather and distribute billions of dollars per year to developing countries
  • Progress may also be made on funding forest protection
The Canadian CTV network said the country would begin the year-long process of formally withdrawing next month, which Mr Kent declined to confirm or refute.
Russia and Japan have also said they will not make further emission cuts under the protocol, though it is not known whether they plan formally to withdraw.
In Durban, the US deputy climate negotiator Jonathan Pershing said he did not foresee governments changing their existing pledges on curbing emissions by 2020.
"The idea that countries would change their current pledges that they listed in the Cancun agreements [from last year's summit in Mexico] seems unlikely to me," he told reporters.
"I don't see the major economies shifting those actions."
At a meeting of the Major Economies Forum (MEF) earlier this month - the body that brings together 17 of the world's biggest greenhouse gas emitters - India and Brazil joined the US in wanting to delay beginning talks on a new global climate agreement until at least 2015.
The EU and many smaller developing states want to reach agreement in Durban on starting talks as soon as possible, reaching agreement by 2015 and cutting emissions by 2020.
Reports by numerous organisations, most recently the International Energy Agency, have concluded that in order to meet the goal of keeping global average temperature rise since pre-industrial times below 2C, emissions should peak and begin to fall around 2020, if not earlier.
The current pledges to which Mr Pershing referred will not achieve this.

Wednesday, 23 November 2011

Eight More Countries Take Big Steps to Address Climate Change


Backed by the Climate Investment Funds, Eight More Countries Take Big Steps to Address Climate Change

Press Release No:2012/143/SDN
CIFlogologo

India’s plans for  $775 million in support of a national action plan on climate change were endorsed  

WASHINGTON DC, November 4, 2011 – A week of meetings among countries participating in the Climate Investment Funds (CIFs) has resulted in more than $1 billion committed to solving the problems of climate change. Today, the Climate Investment Funds approved $ 1.08 billion in near-zero-interest loans and grants to support Bolivia, Honduras, India, Jamaica, Lao PDR, Mali, Mexico, and Nepal in their efforts toward arresting and adapting to climate change.

Under the CIFs’ Clean Technology Fund (CTF), an Investment Plan prepared by India for $775 million was endorsed. With this financial support, the Government of India plans to kick-start India’s Super-Efficient Equipment Program (SEEP) Initiative by monetizing energy savings that will encourage consumers to buy high efficiency fans; enhance the cost effectiveness of improvements in energy efficiency in large industries and facilities; and enable the Jawaharlal Nehru National Solar Mission by lowering the cost of financing and facilitating technology transfer in the establishment of solar parks. The support will also help spur renewable hydropower development, significantly cutting CO2 emissions.

“Our goal is to invest in projects that impact social and economic development with significant co-benefits for climate change. By going down this path and with the help of the Climate Investment Funds, we hope to demonstrate how innovative investments and business models can be catalytic to a low-carbon growth model. Leveraging private and public sector funds towards this investment is one of the initial spin-offs,” said Ms. Anuradha Thakur, CTF Trust Fund Committee Member, representing the Government of India.

During the week-long meeting of countries participating in the CIFs, seven other countries’ plans were endorsed to receive $311 million in climate finance.

“Every time the CIF committees meet I’m amazed at the commitment and energy level of our partner countries. There is a can-do spirit to these discussions that makes me feel optimistic about our chances to solve the problem. When we think about eight more countries and a billion more dollars coming together – this is a serious joint effort. It’s our privilege to support these partner nations,” said Andrew Steer, World Bank Special Envoy for Climate Change.

Under CIF’s Pilot Program for Climate Resilience, two new nation-wide strategic programs for climate resilience were endorsed: $86 million for Bolivia for multipurpose water resources projects in El Alto and La Paz and to strengthen the climate change resilience of the Rio Grande Basin; and $25 million for Jamaica to improve the national risk information platform, data collection and management systems, and raise awareness about the risks of climate change.

Under the CIF’s “Scaling Up Renewable Energy” Program, three new investment plans were endorsed: $30 million for Honduras to create an enabling environment for scaling-up grid-connected, renewable energy and for providing off-grid energy services in rural areas; $40 million was endorsed in principle for Mali to scale-up solar PV, mini-hydro, and bio-fuel technologies with a focus on electricity production and productive energy uses for women and men; and $40 million for Nepal to scale-up small hydropower and increase rural electricity access using renewable energy.

Under the CIF’s Forest Investment Program, two new investment plans were endorsed: $30 million in grant funding was endorsed in principle for Lao PDR to address the drivers of deforestation and forest degradation by scaling-up participatory sustainable forest management in all state forest areas; $60 million in grant and credit funding for Mexico to build capacity for sustainable forest landscapes management, create a dedicated financing line for low-carbon strategies in forest landscapes, and to develop business administration and entrepreneurial skills for sound community-based enterprises to meet REDD+ targets.

“The question is still: how fast can we scale up these impressive actions being taken at the country level? How can the multilateral development banks keep the momentum they’ve achieved over the past three years with the Climate Investment Funds and prompt even bigger investments between now and the start of the Green Climate Fund?” Steer added.

Indigenous Peoples and Local Communities Design their own Dedicated Grant Mechanism

Also this week, the proposed design of the Dedicated Grant Mechanism for Indigenous Peoples and Local Communities was approved by the Trust Fund Committee of the Forest Investment Program (FIP). This financing mechanism is the culmination of more than two years of consultations among indigenous peoples groups, local communities,  the MDBs and the CIF Administrative Unit. The dedicated grant mechanism is based on the premise that efforts toward sustainable forest management and addressing the drivers of deforestation and forest degradation must respect indigenous peoples’ holistic approach to land, including the spiritual, cultural, political and livelihood dimensions. The mechanism is expected to help enhance the capacity of indigenous peoples and local communities to participate fully, effectively and continuously in FIP pilot country REDD+ activities. A global component will focus on knowledge management bringing together indigenous peoples groups and local communities from FIP pilot and other countries to exchange good practices and lessons learned on how to effectively address REDD+.

The $6.5 billion Climate Investment Funds are a global partnership of the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, InterAmerican Development Bank, and the World Bank Group.
For more information, please visit: www.climateinvestmentfunds.org 

Contact:  
In Washington: Robert Bisset, 202 458 5191, rbisset@worldbank.org
           Heather Worley, 202 458 4857, hworley@worldbank.org 

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