Showing posts with label climate finance. Show all posts
Showing posts with label climate finance. Show all posts

Wednesday, December 20, 2023

MUSINGS from PRIYADARSHINI KARVE: Reflections on COP28 Outcome

 (The original Marathi article was published in Maharashtra Times Sunday Supplement on 17 Dec 2023. This is the English translation.)

Outcome of COP28

Priyadarshini Karve, Convener, Indian Network on Ethics and Climate Change (INECC)

After the industrial revolution in the mid-19th century in Europe, industrialization based on mineral coal and other fossil fuels took off in Europe. Although political empires of European countries broke down globally after the Second World War in the twentieth century, globalization of industrialization based on fossil fuels continued. Due to the increasing use of fossil fuels, the concentration of carbon dioxide and other greenhouse gases in the environment has increased, leading to a rise in average temperature, contributing to global warming, a phenomenon that became widely recognized after the 1960s through scientific research. Since 1980s scientists started warning that due to this temperature increase, the delicate balance of local weather everywhere will be disrupted, leading to adverse effects on people's livelihoods and economies in the coming century. Acknowledging this threat, the establishment of the 'United Nations Framework Convention on Climate Change' (UNFCCC) took place in the 1990s under the auspices of the United Nations. In this field, the 'Intergovernmental Panel on Climate Change' (IPCC) was established during the same period to gather scientific knowledge and to provide interpretations of the science for the policy makers across the world. It is expected that based on the periodic and well-publicized reports of the IPCC, the UNFCCC should formulate strategies to tackle global warming and participating countries should implement and adhere to them.

To monitor the progress of these efforts, annual sessions lasting two weeks are held in November-December. These gatherings are known as the 'Conference of Parties' or 'COP.'

In 1997, a significant decision was made during the third meeting of the United Nations Framework Convention on Climate Change (UNFCCC) held in Kyoto, Japan, known as the 'Kyoto Protocol.' Recognizing that 37 developed countries have reaped the maximum benefit from the use of fossil fuels until the 1990s, it was considered their responsibility to save the world from the impending crisis. To reduce the emission of greenhouse gases, these countries committed to concerted efforts, and the new concept of carbon market emerged from this.

However, the developed countries did not fulfill their responsibilities under the agreement. By 2010, it was obvious that the Kyoto Protocol had totally failed. Nevertheless, the information about the issues related to global warming reached citizens and stakeholders in developed countries, leading to increased awareness. This lead to a few responsible industries taking action, but the efforts made were quite inadequate.

From the industrial revolution until the 2010s, there was a noticeable increase in the average temperature of the earth. This temperature rise had diverse consequences, affecting different parts of the world. There was a reduction in snow cover at the poles, an increase in the sea level, disruptions in rain cycle, and an increase in natural disasters like cyclones. The awareness of this global crisis reached ordinary people worldwide.

Scientists had indicated that if the unrestricted use of fossil fuels continued, the Earth could warm by more than 5-6 degrees Celsius by 2100. This warming had the potential to disrupt global socio-economic systems, affecting the lives of people and the environment. Perhaps these warnings gave an impetus to the negotiations and all the countries agreed on a new approach to tackle climate change in the COP at Paris in 2015.

The Paris Agreement in 2015 aimed to limit global warming to well below 2 degrees Celsius, and strive to keep it below 1.5 degrees Celsius above pre-industrial levels. Countries agreed to voluntary action plans and regular reporting of progress. The agreement acknowledged that developed nations, which had historically contributed more to greenhouse gas emissions and totally failed to implement the Kyoto agreement, needed to support developing nations in their efforts to address climate change. The Paris agreement was to be operationalised from the start of 2021 but that was delayed due to COVID-19 pandemic. However by now more or less all the countries have worked according to the agreement for a couple of years. New commitments are expected in 2025. Recently COP28 concluded in Dubai, United Arab Emirates. To take stock of the progress so far and to initiate formulation of the next set of commitments was the main agenda for this meeting.

After 2010, significant advancements in renewable energy technologies and some efforts under the Paris Agreement have led to a collective result. As a result, the estimated increase in the Earth's average temperature due to greenhouse gas emissions is now projected to stabilize around 3-4 degrees Celsius by 2100. Although this goal is more challenging than the target of limiting the increase to 1.5-2 degrees, if more ambitious commitments are made by countries every 5 years and if the low carbon technologies continue to develop rapidly, this target is still achievable.

Despite the progress, the global use of fossil fuels continues to rise. The Earth's average temperature has already increased by 1.2 degrees Celsius. According to scientists, limiting the temperature increase to 1.5 degrees is difficult but not impossible. If beyond 2030, fossil fuel consumption decreased globally and in the next two decades, it dropped to zero the target can be achieved. However if the fossil fuel continued to rise beyond 2030 the temperature increase will go beyond 1.5 degrees by 2050 and the second half of the 21st century will destroy the progress made by humans over the last 11-12 thousand years. Science is clearly warning that this is not a battle for some distant future but it is a battle for survival for you and me and our children and grandchildren that are already here. The future will be decided by what decisions are taken about the energy generation and use by us in our personal and professional lives and by the governments on the policy and implementation level. We are all creating the history of the future today.

The outcome of the COP28 that ended on 13 December should be seen in this background. This year's conference was hosted by a country at the forefront of providing fossil fuel to the world. The host country had chosen the head of its leading petroleum company to lead the conference. Therefore many people were afraid that the slow moving train of the Paris agreement might be derailed in this meeting.

It is crucial to address the continued use of mineral fuels to avoid reaching the 1.5-degree threshold and experiencing irreversible consequences. The future will witness changes in how countries, individuals, and businesses generate and utilize energy. The official implementation of the Paris Agreement is expected to begin in 2021, emphasizing the urgency of global cooperation. The Conference of Parties (COP 28) held in Dubai under the leadership of the United Arab Emirates provided a platform for discussing and advancing climate-related initiatives.

The beginning of the COP was marked by an important and satisfying decision. In the past year, during the 'COP 27' held in Sharm El Sheikh, Egypt, a significant decision was unanimously reached. To assist poorer countries facing the most severe impacts of climate change, a new fund named 'Loss and Damage' was proposed. Developed countries were urged to contribute. United Arab Emirates, being a prosperous but developing country, declared its commitment on the first day of 'COP 28' by contributing to this fund. This step put a moral pressure on the developed countries and several of them announced their own contributions. Unfortunately, the developed countries have yet to fulfil their promised financial assistance for adaption to the developing countries. This new fund has faced financial challenges, with only a few hundred thousand dollars announced despite the urgent need for billions for 'Loss and Damage.'

The last 2-3 days of extensive negotiations lead to a declaration that pleasantly surprised many.

In global geopolitics, the fossil fuel producers have such a strong grip on the world politics that in the past 27 years, the term 'fossil fuels' has not even been mentioned in any unanimous declaration from UNFCCC. Perhaps, for this reason, mineral fuel-producing countries needed to take leadership roles! Due to the global temperature rise caused by coal and other petroleum fuels, the world needs to transition away from fossil fuels, has been mentioned in various contexts in this declaration. However, there is also criticism that the wording is vague and can therefore create loopholes. However many people believe that now that the issue has been stated the ambiguities can be resolved over the years. Had this transition started from the start of the century many communities worst affected by climate change could have been saved. This regret has also been expressed by the few commentators.

Protestors at COP28 demanding that Africa must get technology and finance
to go in for renewable energy in a big way. 

Lack of economic aid required for developing countries to move away from mineral fuels was emphasized in this declaration. The developed countries had managed to keep such a mention out of the declarations for years. 'COP 28' has achieved success in this regard on the international stage. However, the failure of developed countries in this regard has not been explicitly mentioned. The declaration aspires to triple the renewable energy generation in this decade, and this needs to be welcomed.

These issues have been mentioned in the declaration. Now, these need to reflect in the declarations to come in 2025 from each country. For this, all wise and responsible citizens worldwide need to create public pressure on their governments. Can common people go beyond their national prides, to build bridges over the disagreements, debates, and wars of their national and international interests to build a global unity for the sake of the bright future of human society? This is the pertinent question.


Thursday, November 10, 2022

Musings from Priyadarshini Karve: #COP27: Day 3

 #COP27: Day 3


9 November 2022 was officially 'Finance Day'. The negotiators discussed finance for mitigation, adaptation and also for 'loss and damage'. The side events of the day were also focused on the theme of finance. 

As we entered the venue we came across an interesting protest displaying a dinosaur and a Pokémon! A number of young activists were speaking on how climate change induced disasters are affecting their countries. The demand of this protest was 'Stop Funding Fossil Fuels'. 

Stop Funding Fossil Fuels! 

I attended two side events - both organised by members of Climate Action Network (CAN) and focused on 'Adaptation' and 'Loss and Damage'. 

I am going to digress a bit and try to explain these terms. 

When it comes to climate action, the media and public discourse is generally focused on 'Mitigation' - reducing greenhouse gas emissions going into the atmosphere. This is important for slowing down future warming of planet earth. This requires moving away from fossil fuel use and change our land use pattern. Most of the climate finance is currently focused on this aspect. 

However there is also 'Adaptation'. The planet is already about 1.1 deg C warmer than the preindustrial era. This has changed the weather patterns and ecosystems around the world permanently. People now have to change their ways and means of life in order to deal with the changes. Some of the challenges may be solved by behavioural change (for example - change the timing of outdoor work to deal with excessively hot summers) but some require use of technology (for example - rainwater harvesting and storage for better water security in spite of the erratic rainfall). Financing for adaptation has been a contentious issue at COPs for a long time. Developed countries have promised big money but actually provided very little. 

A third front on climate action now is 'Loss and Damage'. As global average temperature has creeped up over the last few decades, many communities across the globe are facing an existential crisis (for example - the Maldives will be totally submerged in a decade or so even if all GHG emissions drop to zero today). As sea levels rise, coastal communities lose their lands and homes and therefore their way of life, culture and traditions. They are getting uprooted and displaced. As certain parts of the world are repeatedly hit by cyclones, people are losing lives and livelihoods. For a long time, the developed countries have tried to argue that dealing with such situations also should be considered 'Adaptation' (and therefore no separate funding is needed for this). But the developing countries have strongly argued that 'Loss and Damage' is happening because both 'Mitigation' and 'Adaptation' are failing. Some countries need urgent help while we strengthen the efforts on Mitigation and Adaptation. Finally, this year financing for 'Loss and Damage' is being discussed. The news is that the countries have agreed to put in place a mechanism for this 'no later than 2024'. 

The first side event in the morning was by CANSA (CAN South Asia) of which INECC is a member. There were presentations from Nepal and Bangladesh talking about how localised and community-centric action with co-operation and collaboration of government is helping these two highly affected countries adapt better and thereby minimise loss and damage. This exactly resonated with our own 'LDC for NDC' concept. Both the presentations also strongly highlighted the importance of the support of government machinery from local to national for more effective adaptation at the local level. 

The final speaker of the event was a Minister from Pakistan. Pakistan is proving to be the showcase of 'Loss and Damage' in this COP. As the minister said - the country suffered an extremely hot summer followed by unprecedented and devastating floods during the monsoon season, and now it is entering what is likely to be an extremely cold winter! Climate change is really hammering them hard from all sides! It is no wonder therefore that the Pakistan pavilion has a caption 'Lost and Damaged' prominently on display. 

One important point that was made in this side event was around the nature of finance. Even though it is a moral obligation of the developed world to help the developing world deal with climate change, 70% of the climate finance available (of all categories) is in the form of debt and that too at very high interest rates! Strong arguments are therefore being made on all fronts that existing debts be written off and future finance not have a 'debt' component. One slide that presented eye opening statistics in this context is what you can see below. 

The Climate Debt Trap

The second side event was organised by CAN and a few collaborators. Its focus was 'Loss and Damage'. It had presentations from Malawi in Africa and Bangladesh. There were also presentations about how women are more affected than men when it comes to loss and damage. All in all there were very moving presentations starkly highlighting the plight of the vulnerable communities. One important point made was that while a lot of funding pours in for disaster relief when a tragedy strikes, not much finance is available for preventive or preparatory measures. It is hoped that the 'Loss and Damage' funding will address this gap. 

As my colleague Pournima pointed out - often in the discussion on loss and damage, the communities come across as helpless and clueless people doing nothing as disasters creep on them. But the ground reality is that communities can exhibit resilience and resourcefulness. They are not totally without any agency of their own! They of course need a helping hand - in the form of finance as well as in the form of knowledge and data. 

The loss and damage finance facility needs to focus on empowering communities to protect and rescue themselves in a sustainable way. Our 'LDC for NDC' process is showcasing some of the success stories of this approach. 


Day 2 Blog

Day 1 Blog


Priyadarshini Karve
Director, Samuchit Enviro Tech
Convener, Indian Network on Ethics and Climate Change (INECC)