Posts Tagged Finance

New LDC Group submission on further guidance to the LDC Fund

Nepal on behalf of the Least Developed Countries Group has made a submission to the UNFCCC on further guidance to the Least Developed Countries Fund.

It is also available on this website’s submissions page.

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LDC Chair’s statement at 46th GEF/LDCF Council Meeting

46th Global Environment Facility/Least Developed Countries Fund Council Meeting

Statement by the Chair of the Least Developed Countries Group 

25-27 May 2014, Cancún, Mexico

Madam Chairperson and Chief Executive Officer,
Council members,
Representatives of GEF Implementing Agencies,
Ladies and gentlemen,

I have the honour to speak on behalf of the Least Developed Countries Group (LDC Group) representing 48 countries that are the most vulnerable to the adverse effects of climate change.

I would like to begin by thanking the CEO and Council members of GEF for their continued dedication to the functioning of the Least Developed Countries Fund (LDCF). As the fund is dedicated to addressing the special needs of the LDCs under the UN Climate Change Convention, the Fund’s smooth operation is of particular importance to the LDCs.

Madam Chairperson, in November 2013, the LDC Group congratulated Equatorial Guinea on submission of its National Adaptation Programme of Action (NAPA). Equatorial Guinea’s submission concludes the NAPA preparation process for all LDC Parties except South Sudan, the newest addition to the LDC category. The LDCs are greatly encouraged by the progress of its members in identifying the urgent and immediate adaptation needs of our vulnerable communities. We now look to GEF to support the full implementation of our NAPAs through the LDCF. Read the rest of this entry »

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New LDC Group submission on Second Review of Adaptation Fund

Nepal on behalf of the Least Developed Countries Group has made a submission under the UN Framework Convention on Climate Change on the Second Review of the Adaptation Fund.

It is also available on this website’s submissions page.

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The LDC Group at COP 19: Expectations and Outcomes

The LDC Group actively participated in the 19th UNFCCC Conference of the Parties (COP 19), which took place during November 2013 in Warsaw, Poland. The outcomes of Warsaw, adopted in the negotiation’s final hours, include a set of 34 decisions. As the adopted decisions largely do not reflect the expectations of the Group, the LDCs call upon their fellow nations to continue work in the spirit of urgency.

Warsaw National Stadium

In his opening statement, the Chair of the LDC Group detailed four expectations for the package of decisions to be adopted at COP 19. Read the rest of this entry »

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Press Release: A Roadmap for 2015 Agreement is Critical to Successful Outcome in Warsaw

For immediate release: 11 November 2013: Warsaw, Poland

Contact: Munjurul Hannan Khan, spokesperson, LDCs: munjurulKhan@gmail.com or +48 690 507 519

 “The Least Developed Countries are the poorest and most vulnerable group of countries in the world, who contribute the least to the problems of climate change. We are likely to suffer some of the worst loss and damages, and are least able to cope with them – without substantial financial and technical support. Our very future therefore not only depends on the world keeping global warming temperature to below 1.5°C, but also on how much financial and technical support is made available for adaptation and sustainable development. We therefore need to see concrete outcomes of the talks here in Warsaw and progress towards a strong 2015 agreement.” says the Chair of the group Mr. Prakash Mathema.

As delegates of the world gather in the Polish capital for the annual climate conference, the 49 most vulnerable countries stress that Warsaw should draw the roadmap for an effective international agreement on climate change in 2015. The LDCs urge all developed country parties to fulfill their responsibility to take the lead in addressing the crisis of climate change through ambitious mitigation targets.

Gaps in Climate Finance:

Finance is a key issue for the LDCs for realizing urgent, immediate and long-term adaptation plans as well as achieving sustainable development. Effective progress in climate finance negotiation – as a part of developed countries commitment to act – is crucial for developing countries to take action on the ground and to tackle the adverse impacts, it remains unclear as to how developed countries will fulfill their pledge of mobilizing US$ 100 billion a year by 2020 to address the needs of highly vulnerable developing countries. The availability of climate finance – both in the pre-2020 period, and scaling up beyond 2020, are crucial for the LDCs to be able to adapt and address impacts of climate change. Closing the gap for climate finance through identified sources and ensuring certainty for availability of the funds are the key asks of the LDC group.

Closing the Mitigation Ambition Gap:

Even to achieve the globally agreed 2°C goal requires nations to keep global C02 emissions to no more than 44 gigatonnes by 2020. There is a ‘mitigation gap’ of 8 -13 gigatonnes of CO2: the combined current emissions reduction targets submitted by parties show that emissions will be 52-57 gigatonnes of CO2 by 2020. This mitigation ambition gap is of serious concern for the LDCs. The LDC group would like to see real progress in this issue and will continue to draw attention to the mitigation gap in Warsaw and will urge the developed countries to agree a work plan by which they can deliver robust and enhanced mitigation ambition in 2014 and beyond, to achieve the 2°C goal reaching 1.5 degree target soon.

Adopting a Roadmap for the 2015 Agreement:

In 2011, governments agreed to finalize a new agreement applicable to all by 2015, which will come into force in 2020. The LDC group has already made it clear that the new agreement must be a legally binding protocol, the draft of which must be ready by the end of 2014. This will allow time for domestic stakeholder consultations and to adopt the final Protocol in 2015. The LDC group would like to highlight the importance of having a clear roadmap for negotiating the planning, scope, structure and design of the new 2015 agreement.

Institutional Mechanism for Addressing Loss and Damage:

Addressing loss and damage from the impacts of climate change is crucial for the survival of the LDCs. There will be inevitable losses and damages due to climate change that are beyond the capacities of LDCs to respond and adapt. Last year in Doha, importance of this issue was realized and considered by the parties as one of the major agenda for Warsaw meeting to set up an institutional mechanism under the UNFCCC to address this issue. The LDC group has taken this issue very seriously and would like to urge parties to act here in Warsaw as per the agreement in Doha.

Contact: Munjurul Hannan Khan, spokesperson, LDCs: munjurulKhan@gmail.com or +48 690 507 519

 

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LDCs insist on climate finance road map

The following report from TckTckTck’s daily coverage of COP18 covers today’s press conference by the Least Developed Countries group. You can watch the full press conference on the UNFCCC’s website’s on-demand webcast page.

It was great to have a chance to hear what Zambia’s David Kaluba had to say about climate finance in the press conference for the Least Developed Countries just completed.

As a member of the Board of the Green Climate Fund, Kaluba represents one of the few telling achievements of recent years – an international fund with balanced governance between the beneficiaries and the providers.

The snag is that there’s no money in the GCF for Kaluba and his colleagues to distribute. A picture is emerging as to how the LDCs intend to exert their leverage to ensure this COP corrects that situation.

Evans Njewa from Malawi explained that agreement on a climate finance roadmap will be a condition for LDCs to play their part in a successful outcome of COP18. The current scenario in which the fast start period of support ends next month and the promised $100 billion per annum doesn’t arrive until 2020 is not tenable.

Instead of the trendy “cliff” image, Kaluba described this as an 8-year drought before the “river” starts flowing.

The LDCs have suggested a rolling schedule to bridge the gap in which baseline commitments must be made by the richer countries for 2013-2015 and 2015-2020 and beyond.

“We need clarity at the COP,” said Kaluba. ” we must be clear that nothing is being hidden in terminologies.”

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LDC group statement at the 37th SBI session

Statement by the Gambia on behalf of the Least Developed Countries Group

The thirty-seventh session of the Subsidiary Body for Implementation (SBI)

27 November 2012, Doha, Qatar

Mr. Chair,

The Gambia has the honour to speak on behalf of the Least Developed Countries (LDC) Group. We would like to express our sincere appreciation to the Government and the People of Qatar for hosting this negotiating session in Doha and for all the excellent arrangements.

Mr. Chair, this thirty-seventh session of the SBI is of paramount importance for the LDC group, as we expect it to conclude several LDCs matters with concrete proposals to be adopted by COP18. Read the rest of this entry »

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