Africa climate finance – the paris agreement’s ‘lifeblood’ – allafrica.com astrid y gaston lima reservations

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The guidelines are essential for determining whether total world emissions are declining fast enough to achieve the goals of the Paris Agreement, which include boosting adaptation and limiting the global temperature increase to well below 2°C, while pursuing efforts to limit the increase to 1.5°C.

However, the catch is that all this requires financing to achieve. For instance, the conditional Nationally Determined Contributions (NDCs) from developing countries in implementing the Paris Agreement are pegged at the cost of 4.3 trillion dollars to be achieved.

"Finance is a very critical component for us," said Ephraim Mwepya Shitima, Zambian Delegation leader and UNFCCC focal point person. "Agriculture, general adaptation and the APA agenda for implementation modalities form the core issues we are following keenly but we believe all these are meaningless without finance."

It has always been the cry of developing countries to receive support through predictable and sustainable finance for it is the lifeblood of implementation of mitigation and/or adaptation activities. And Least Developed Countries (LDC) Chair Gebru Jember Endalew agrees with Zambia’s Shitima on the importance of finance.

"Finance is key to meeting the goals of the Paris Agreement. In the face of climate change, poor and vulnerable countries are forced to address loss and damage and adapt to a changing climate, all while striving to lift their people out of poverty without repeating the mistakes of an economy built on fossil fuels. This is not possible without predictable and sustainable support," he said.

The civil society movement was particularly unhappy with the lukewarm finance dialogue outcome. "The radio silence on money has sown fears among poor countries that their wealthier counterparts are not serious about honouring their promises," said Mohamed Adow, International Climate Lead, Christian Aid.

He said funding is not just a bargaining chip, but an essential tool for delivering the national plans that make up the Paris Agreement. And adding his voice to the debate, Mithika Mwenda of the Pan African Justice Allaince (PACJA) expressed dismay at the lack of concrete commitments from developed country parties.

"I am satisfied that some progress was made here in Bonn," said Espinosa at the close of the ten-day talks. "But many voices are underlining the urgency of advancing more rapidly on finalizing the operational guidelines. The package being negotiated is highly technical and complex. We need to put it in place so that the world can monitor progress on climate action."

According to Espinosa, the presiding officers of the three working bodies coordinated discussions on a wide range of items under the Paris Agreement Work Programme, and delegations tasked them to publish a "reflection note" to help governments prepare for the next round of talks.

"We have made progress here in Bonn, but we need now to accelerate the negotiations. Continuing intersessional streamlining of the text-based output from Bonn will greatly assist all governments, who will meet in Bangkok to work towards clear options for the final set of implementation guidelines," she explained.

Following the tradition in the Pacific region, the goal of a ‘talanoa’ is to share stories to find solutions for the common good. In this spirit, the dialogue witnessed some 250 participants share their stories, providing fresh ideas and renewed determination to raise ambition.

"Now is the time for action," said Frank Bainimarama, Prime Minister of Fiji and President of COP23. "Now is the time to commit to making the decisions the world must make. We must complete the implementation guidelines of the Paris Agreement on time. And we must ensure that the Talanoa Dialogue leads to more ambition in our climate action plans."

"The Talanoa Dialogue has provided a broad and real picture of where we are and has set a new standard of conversation," said the President-designate of COP24, Michał Kurtyka of Poland. "Now it is time to move from this preparatory phase of the dialogue to prepare for its political phase, which will take place at COP24," he added.

"From our perspective as Zambia, our interest is in line with the expectations of the African group which is seeking to protect our smallholders who are the majority producers from the negative impacts of climate change," said Morton Mwanza, Zambia’s Ministry of Agriculture focal point person on Climate Smart Agriculture.

And according to the outcome at the Bonn talks, the roadmap responds to the world’s farming community of more than 1 billion people and to the 800 million people who live in food-insecure circumstances, mainly in developing countries. It addresses a range of issues including the socio-economic and food-security dimensions of climate change, assessments of adaptation in agriculture, co-benefits and resilience, and livestock management.

According to a study, titled "Revolving doors and the fossil fuel industry," carried out in 13 European countries, failure to deal with conflict of interest by the EU is due to cosy relationships built up with the fossil fuel sector over the years. It calls for the adoption of a strong conflict of interest policy that would avoid the disproportionate influence of the fossil fuel industry on the international climate change negotiations.

"There is a revolving door between politics and the fossil fuel lobby all across Europe," said Max Andersson, Member of the European Parliament, at the Bonn Climate Talks. "It’s not just a handful of cases–it is systematic. The fossil fuel industry has an enormous economic interest in delaying climate action and the revolving door between politics and the fossil fuel lobby is a serious cause for alarm."

According to Andersson, to meet the goals of the Paris Agreement and keep global warming to as close as 1.5 degrees as possible, there is need to clamp down on conflicts of interest to stop coal, gas and oil from leaving "their dirty fingerprints over our climate policy."

Interestingly, there was good news for the ‘big polluters out’ campaigners at the close of the talks. "No amount of obstruction from the US and its big polluter allies will ultimately prevent this movement from advancing," Jesse Bragg of Corporate Accountability told IPS. "Global South leaders prevailed in securing a clear path forward for the conflict of interest movement, ensuring the issue will be front and center next year."