7 April, 2016

Report on decisions at the 12th meeting of the Green Climate Fund Board

Authors

Mahlet Eyassu Melkie

The Board adopted its Strategic Plan that will assist it in taking decisions on how to invest resources while contributing to the ultimate objective of the UNFCCC and promote the paradigm shift towards low-emission and climate- resilient development pathways. This Strategic Plan is adopted at the time that the Board has set its aspirational goal of approving projects worth $2.5 billion in 2016.

The most important element of the Strategic Plan is the link with the Paris Agreement and making itself ready to support the implementation of this Agreement. It is important to note that this Strategy Plan is a living document that will be reviewed at each replenishment process.

Publications

Calculating the loss and damage finance gap: a scoping and feasibility exercise

At COP28, delegates agreed to operationalise a fund to compensate vulnerable countries coping with loss and damage caused by climate change. This report proposes a method for how to calculate how much finance the Global South needs for loss and damage.

How can event attribution science underpin financial decisions on Loss and Damage?

With climate extremes hitting nations across the globe, disproportionately burdening vulnerable developing countries, funding for loss and damage is an acute need. Attribution science can provide useful information for decision makers.

Using existing databases to report on loss and damage in Biennial Transparency Reports under the UNFCCC

Calculating financing needs to respond to loss and damage requires response activities to be costed. However, comprehensive assessments of current and future loss and damage costs are largely unavailable. This briefing proposes using existing databases as proxies in the interim.

Article 6.4 progress update: work of the Supervisory Body on the Paris Agreement Crediting Mechanism

The Article 6.4 mechanism, now known as the Paris Agreement Crediting Mechanism, allows countries to trade reductions in carbon emissions in a manner that goes beyond zero-sum offsetting, to achieve their commitments under the Paris Agreement. This briefing aims to update Small Island Developing States and Least Developed Countries on the standards and procedures that have been adopted by the supervising body (Article 6.4) to inform the design of projects.

What does a just transition look like for Caribbean Small Island Developing States?

This briefing aims to provide some preliminary information on what just transition encompasses in the context of Caribbean Small Island Developing States.

What good looks like: G7 climate policy 2024 update

This brief outlines seven key policy recommendations for this June’s G7 summit that, if adopted, would demonstrate the ambition and leadership needed to keep the Paris Agreement’s 1.5°C limit in sight.

Climate justice and loss and damage: perspectives from the global south

This article outlines the loss and damage debate through a climate justice lens with particular emphasis on Small Island Developing States and Least Developed Countries. It examines the latest developments of the new loss and damage fund including operationalisation.

Tripling renewables by 2030: interpreting the global goal at the regional level

At COP28, governments agreed to triple global renewable capacity by 2030. This report breaks down what a 1.5ºC-aligned renewables rollout would look like at the regional level and calculate the associated investment needs.

Unabated: the Carbon Capture and Storage 86 billion tonne carbon bomb aimed at derailing a fossil phase-out

The climate talks at COP28 have centred around the need for a fossil fuel phase-out. Our analysis quantifies the risk posed by restricting a phase-out commitment to only ‘unabated’ fossil fuels.

No change to warming as fossil fuel endgame brings focus onto false solutions

The CAT's annual warming estimate has risen by 0.1˚C to 2.5˚C. The estimate is largely influenced by weak existing targets rather than shifts triggered by updated Nationally Determined Contributions.

The effects of political knowledge use by developing country negotiators in Loss and Damage negotiations

This article traces how developing country negotiators used knowledge to further their interests in loss and damage negotiations from 2003 to 2013.

De la CDN 1.0 à la CDN 2.0: qu'est-ce qui a changé dans les CDN des PMA de l’Afrique de l'Ouest?

La présente étude examine les premières et les secondes Contributions Déterminées au niveau National des onze pays les moins avancés de l’Afrique de l’Ouest à savoir le Bénin, le Burkina Faso, la Gambie, la Guinée, la Guinée Bissau, le Libéria, le Mali, le Niger, le Sénégal, la Sierra Leone et le Togo.

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Decarbonisation targets and 1.5℃ pathways

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