8/4/2019 Daily Tck 5 - 5th October

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The Daily Tck  Race to the Future: www.tcktcktck.org  

5 October 2011 

Summary of the Current status/situation  We’re half way through these negotiations here in Panama and it might be worth remembering U.S.Secretary of State Hilary Clinton’s speech made in Copenhagen. She said that the danger of climatechange is now “undeniable” and the world must agree a deal in the next 48 hours. Now, almost twoyears later, we don’t yet have a deal and we need to U.S. to be constructive and allow the discussionson a legally binding deal and on the need for long term finance. Again, back in CopenhagenSecretary Clinton said that "The US is prepared to work with other countries to jointly mobilise $100bna year by 2020," to help the most vulnerable countries.

In Cancun the Green Climate Fund was agreed – well the piggy bank was established – but it iscurrently empty.

The US agreed with both the Copenhagen Accord and the Cancun Agreements so they shouldnot be blocking the discussion on either the gap that will occur after Fast Start Finance ends

in 2012 or on Long Term Finance. It could hardly come as surprise that the alliance of small

island states (AOSIS) and other developing countries might actually want to launch a

discussion on where all this promised funding will come from. Read AOSIS submission

here: http://bit.ly/oq6Bw2 

We know that discussions on finance are hard, made more so by the recent economic crisis

hitting the US and Europe, but the first step is to talk about it! The U.S. need not be

afraid. Firstly, there is the opportunity for innovation and investments in green growth and

technologies; secondly, as demonstrated by the UN Advisory Group on Finance report last

year, there is a raft of innovative sources of finance which could provide billions of dollars,

euros, yen, yuan, etc without having any impact on national economies. Such sources include

a levy on bunkers (shipping fuel – this has the added advantage of providing an incentive to

reduce emissions), an international financial transaction tax (FTT), the removal/diversion of 

fossil fuel subsidies. President Obama himself put the elimination of fossil fuel subsidies on

the G20 agenda. There really is no excuse for obfuscation and delay.

Meanwhile, in a direct reference to the difficulties caused by the lack of rules in the

UNFCCC, in a briefing for stakeholders South African Ambassador Diseko she said “this is

the most awkward of UN processes!”  As we noted in yesterday’s Daily Tck every other

convention has its agreed rules and it is time that the UN look at breaking out of thisdysfunctional way of working.

What is happening?  In responding to the press about Japan’s support for nuclear power in the clean development

mechanism, they said that they were just repeating their government position. They’re

clearly feeling the pressure and this must be maintained to ensure Japan stop their support for

nukes in the CDM.

Meanwhile in a report released by Climate Action Tracker, we see that China's 12th five yearplan is on track to meet its Cancun pledgesyet its emissions will rise higher than expected

8/4/2019 Daily Tck 5 - 5th October

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by rapidly reducing its energy intensity and introducing renewable energy and other non-

fossil energy sources.

Bill Hare of Climate Analytics said, “The overall picture shows us that a higher than expected

economic growth rate brings with it higheremissions – and the sooner the switch is made to

cleaner energy sources, the better, in order to avoid locking in climate-damaging energy.” 

The report also highlights the huge cost of the absence of US action to meet its Copenhagen

pledge of a 17% emissions reduction by 2020 (at 2005 levels) This will prove more

expensive with every year of delay. If the US doesn’t start acting until 2015, it will need to

reduce emissions at a rate of 3% a year. If substantial action had begun in 2010 immediately

after Copenhagen, it would only have needed to reduce emissions at a rate of 1.3% a

year. The full report is available at http://www.climateactiontracker.org ; webcast

here:http://bit.ly/rev6hY. 

Message for the day  

The US should lead, follow or get out of the way.

Tell Japan to keep nukes out of the CDM. There is a clean energy future for Japan and for all

of us by using renewables and energy efficiency.

What you can do today? 

Tell Japan that dirty dangerous #nuclear #energy does not belong in the #cdm - it cannot

protect the #climate

Spread the word about the clean energy way for Japan in Greenpeace’s

energy scenario: http://www.greenpeace.org/japan/Global/japan/pdf/er_report.pdf ; the

summary is available

here: http://www.greenpeace.org/japan/Global/japan/pdf/er_summary_eng.pdf  

Sing the WWF Japan 100% renewables petition calling for a shift from nukes to renewables:

http://www.wwf.or.jp/questionnaire/2011/07/take_action_now_-

_sign_our_petition.html?utm_source=facebook&utm_medium=social_media&utm_content=

actionpack&utm_campaign=takeaction 

Check out the latest blogs and videos the Adopt-A-Negotiator team has posted on their

website (www.adoptanegotiator.org) 

Petition asking Australian government to act works towards a global deal on climate change

and supporting innovative sources of financing to assist developing countries adapt to climate

change. http://www.oxfam.org.au/act/take-action/climate-change/2008-08-petition 

Other materials:  7 reasons why we need a robust and comprehensive climate agreement:

http://www.huffingtonpost.com/kelly-rigg/7-reasons-we-need-to-keep_b_991654.html