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COP23 Gets Climate Action Commitments from Stake Holders

UN Climate Change News, Bonn (ABC Live): Climate Action Commitments:  – As the UN Climate Change Conference comes down to the last day and governments work to complete the final negotiation decisions, it’s good to be reminded of the new wave of climate action that has been announced during COP23 from countries, cities, states, regions, business and civil society.

The common message from all sides at this conference has been that action to get on track towards the objectives of the Paris Climate Change Agreement and to ultimately achieve the 2030 Agenda Sustainable Development Goals is urgent, time is really running out and everyone simply must do much better together to drive climate action further and faster ahead now.

Above all, this means rapidly raising the current global ambition to act on climate change that is captured in the full set of national climate action plans (NDCs) which sit at the heart of the Agreement.

The following list includes announcements made during Cop23 to drive us further, faster and together to this destination.

Financing Climate Action

Major announcements included funds to support the poorest and most vulnerable, whose plight has been brought into sharp perspective by this year’s extreme weather

  • InsuResilience Initiative additional USD 125 mln from Germany to support provision of insurance to 400 more million poor and vulnerable peopleby 2020. A G20 and V20 (vulnerable nations) partnership
  • Adaptation Fundexceeds 2017 Target – Germany’s contribution of 50 million euros and Italy’s contribution of 7 million euros means the Fund has now surpassed its 2017 target by over USD 13 million and stands at a total equivalent of USD 93.3 million dollars
  • Norway & UnileverUSD 400 mln fund for public and private investment in more resilient socioeconomic development.  Investing in business models that combine investments in high productivity agriculture, smallholder inclusion and forest protection
  • Germany and Britainto provide combined USD 153 mln to expand programs to fight climate change and deforestation in Amazon rainforest
  • European Investment Bankwill provide USD 75 million for a new USD 405 million investment programmeby the Water Authority of Fiji. The scheme will strengthen resilience of water distribution and wastewater treatment following Cyclone Winston, the world’s second strongest storm ever recorded, which hit Fiji in February 2016
  • Green Climate Fundand the European Bank for Reconstruction and Development signed up to free USD 6 million of GCF grant financing in the USD 243.1 million Saïss Water Conservation Project to make Moroccan agriculture more resilient
  • World Resources Instituteannounced a landmark USD2.1 billion of private investment earmarked to restore degraded lands in Latin America and the Caribbean through Initiative 20×20
  • UNDP, Germany, Spain and EUlaunch EUR 42 million programme NDC Support Programme at UN Climate Summit to help countries deliver on the Paris Agreement
  • NDC Partnershipto establish a new regional hub to support implementation of Nationally Determined Contributions (NDCs) in the Pacific
  • 13 countries and IEA– EUR 30 mln to “IEA Clean Energy Transitions Programme” to support clean energy transitions around the world
  • Ecuadorto reduce 15 million tonnes of CO2 emissions in the forest sector
  • Gabon’s National Park Service to halt illegal logging to stop emissionof 20 million tonnes of CO2

Investing in Climate Action

  • HSBC announces 100 billion for green investmentsjust before COP23
  • R20 and Blue Orchard Finance’s African Sub-national Climate Fund to provide ready-to-invest projectsand funds to implement at least 100 infrastructure projects by 2020

Coordinating Climate Action

With so many climate action pledges and initiatives from across government, business and civil society, there is a growing need to coordinate effort to ensure that every cent invested and every minute of work contributed results in a much greater impact than each acting separately.

  • SIDS Health Initiativeby WHO, UN Climate Change secretariat and Fijian COP 23 Presidency to ensure small island developing states have health systems resilient to climate change by 2030
  • America’s Pledge brings together private and public sectorleaders to ensure the US remains a global leader in reducing emissions and delivers the country’s climate goals under the Paris Agreement
  • Powering Past Coal Alliancebrings together 25 countries, states and regions to accelerate the rapid phase-out of coal and support affected workers and communities to make the transition
  • C40 mayorsof 25 pioneering cities, representing 150 million citizens, pledged to develop and begin implementing more ambitious climate action plans before the end of 2020 to deliver emissions neutral and climate resilient cities by 2050
  • Global Alliance for Buildings and Construction– signed agreement to dramatically speed up and scale upcollaborative action
  • below50-World Business Council on Sustainable Development initiative to grow the global market for the most sustainable fuels.
  • EcoMobility Alliance– Ambitious cities committed to sustainable transport.
  • Transforming Urban Mobility Initiative– Accelerating implementation of sustainable urban transportdevelopment and mitigation of climate change.
  • The Ocean Pathway Partnershipaims, by 2020, to strengthen action and funding that links climate change action; healthy oceans and livelihoods including through the UN Climate Change process and via national climate action plans
  • United Nations Development Programmelaunched the Global Platform for the New York Declaration on Forests to accelerate achievement of its goals of forest protection and restoration.

Corporate Emission Cuts

Government Ratifications

  • Syria ratified the Paris Agreement– 170 have now ratified
  • Six countries have ratifiedthe Doha Amendment (Belgium, Finland, Germany, Slovakia, Spain, and Sweden) – 90 countries in total have ratified
  • Eight countries have ratifiedthe Kigali Amendment to the Montreal Protocol (Comoros, Finland, Germany, Lao People’s Democratic Republic, Luxembourg, Maldives, Slovakia and the UK) – 19 countries in total have ratified

 

About Deepshikha Singh

Deepshikha Singh is pursuing her Master’s degree in Climate Science and Policy and reports on Environment & Climate Change for ABC Live

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