Day three saw an important meeting between the conference President Laurent Fabius with delegations heads. Fabius wants a draft “as finalized as possible by Saturday” in order for Parties to settle and make decisions on the final political points by the 5th of December.
There is still an optimist tone in the media coverage around the Paris summit, although some inside negotiators have expressed frustration with the pace of the process. The United States and China have continued to receive a general welcome to the approach they are taking. Brazil and India seem to be committed to ensuring Paris delivers an agreement.
Bilateral and multilateral discussions are happening between delegates from different countries. Some of the tricky issues continue to be finance, a long-term goal on emissions reduction and ways to review and increase ambition once the agreement has entered into force.
- Tension has arisen given the lack of clarity on climate finance after 2020, especially on which countries will provide funding.
- The Green Climate Fund – the fund in charge of distributing finance to developing countries – has agreed on key milestones: 136 national designated authorities have been accredited to process funds.
- The French government has said it will double investments in renewable energy generation and hydroelectric projects across Africa to 2 billion euros between 2016 and 2020.
- Prime Minister Nguyen Tan Dung announced that Vietnam will contribute US$1 million to the Green Climate Fund from 2016 to 2020.
Reduction of Emissions
- Some of the negotiating language around the reduction of emissions is becoming more streamlined with clear options.
- Brazil reiterated the importance of Parties not reducing ambition after pledges have been presented (known as no “backsliding”)
On Increasing Resiliency and Adaptation to Impacts
- There is greater clarity on options for a long-term goal on adaptation, but there is still some work to be done regarding the language on the link between adaptation to climate impacts and mitigation of emissions.
- New initiatives under the Resilience Focus seek to increase the capacity of communities around the world to respond to climate change impacts. These include:
- The G7 InsuResilience Initiative will work with existing regional risk management and insurance pools to provide access to insurance services for 400 million people over the next five years in the most vulnerable countries.
- The Great Green Wall for the Sahara and Sahel Initiative is a major African-led initiative with the bold ambition to increase resilience for local communities in the Sahara and Sahel.
- The EU mobilizes €125 million for countries affected by ‘El Niño’ in Africa, the Caribbean, Central and South America.
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