einstitute.worldbank.org

Signals from Durban: Next steps for Climate ChangeJanuary 17, 2012: | 10:00 AM EST

Speaker: Neeraj Prasad

Manager, Climate Change Practice,

World Bank Institute

KP

Roa

dmap

What else?

Green

Fund

So who “won”?

And who “lost”?

Roadmap to a Global Deal

o Durban Program for Enhanced Action: complete negotiations by 2015, in force from 2020

o To have "legal force”o New Working Group

created.

Kyoto Protocol: a fresh mandate

o EU plus 11countrieso To run from Jan 1 2013

to at least end-2017o CDM to Continueo A new mechanism to

be considered.o One chemical added

(NF3)

Carbon Markets: Boost from Durban?

o CDM Board to further improve procedures for PoA, extend scope of activities under standardized baselines, simplify procedures

o New market mechanism to be defined. Decision to be made at COP18

o CCS allowed ino But prices are taking a beating!

Adaptation

o Adaptation Committee (16 members, personal capacity)o To meet twice a year. Develop 3-year plan of work

Outputs:

- e.g. Recommendations for coherence among different funds- Knowledge synthesis; roster of experts- Assessment of capacities of regional centers

Green Climate Fund (GCF)

o GCF to have juridical personalityo Board of 24 members, half of them

from developing countries, to be selected in next 3 months. First meeting by June. Interim secretariat to be managed by UNFCCC and GEF, in Bonn

o Bids for permanent secretariat by April 2012 -- South Africa, Singapore, Geneva, Germany, Mexico, etc. are offering to host.

• The World Bank will currently continue as interim trustee. After 3 years, a competitive process

• World Bank etc. as implementing agencies \, + provision for direct access

• Private Sector Facility

Technology Mechanism

o To Be fully operational in 2012

….to be defined furthero Technology Executive Committeeo Climate Technology Center and Networko Call for Proposals to host the Center

Agriculture

o Highly contentious debate over whether agriculture is just adaptation or also mitigation

o Decision: SBSTA to take up issue in June based on submissions. Decision at COP18 in Qatar

REDD+

o Financing:

Public and private participation on table, but emerging

Market-based approaches to be developed

SBSTA/LCA to develop results-based ruleso Safeguards: based on national systems, to be improved

over timeo Reference levels: step-wise improvements. Countries

to submit proposed baselines

NAMAs and ICA

o Parties urged to submit NAMAso Developing countries encouraged to submit

Low Emissions Development Strategies, and share experiences

o Registry established to facilitate matching of plans and finance

o ICA: Step 1: analysis by technical experts

Step 2: technical report to be reviewed in SBI

Open Data

So What are the implications for us?

1. No regulatory environment until 2020, so in this decade, need for action from the ground up. Countries need to lead by example.

2. 2012 is a crucial year for engaging in Green Fund design, showing that professionalism matters.

3. 2012 offers major opportunities for influencing the negotiations’ outcome in energy, agriculture, adaptation, and technology.

4. 2012-2016 transition period needs careful management.

Thank You!

World Bank InstituteThe World Bank 1818 H Street, NW Washington, DC 20433Tel: (202)458-5893

Neeraj PrasadManager Climate Change Practice