Building on the Building Blocks: Possibilities and Pitfalls on the Road to Durban Andrew Light Director, International Climate Policy, Center for American Progress & Associate Director, Institute for Philosophy and Public Policy, George Mason University 1 Building on the Building Blocks 1. Climate Diplomacy to Cancun 2. Paths to Governance? Kyoto vs. Copenhagen 3. An Agenda for Durban 2 1. Climate Diplomacy to Cancun 3 Climate Diplomacy to Cancun • The first Climate Treaty: UNFCCC, 1992/1994. 194 parties – consensus model. - “Common But Differentiated Responsibilities” (CBDR) • Kyoto Protocol, 1998/2004. - Annex 1 (5.2% below 1990 by 2012) vs. Non-Annex 1. • July 1997, US opts out. ByrdHagel Resolution on KP, 95-0. • Bali Action Plan, 2007 - NAMAs. Emission reductions from emerging emitters in exchange for finance and technology. 4 - Creation of AWG-LCA. Climate Diplomacy to Cancun • Dec. 2009: The Copenhagen Accord. - First part of intended “two step” proposal by Danes. - Aspiration to limit temperature increase to 2C. - $30B fast start climate financing, 2010-2012; $100B annual fund by 2020. - Outline of an agreement on Measurement, Reporting, and Verification (MRV). 5 - Requirement that parties associated with accord submit emission reduction plans by end of January 2010. The Cancun Agreements • Dec. 2010: Against all expectation achieve political consensus on building blocks from Copenhagen Accord expanding agreements on mitigation, adaptation, MRV, technology, forestry, finance. - Creation of “Green Climate Fund.” Specification on transitional committee. - Agreement on MRV for nonsupported developing country actions: “International Consultation and Analysis.” - Creation of “Climate Technology Center” -- hub and spoke model. 6 - Showdown with Bolivia challenges consensus process – extended to Mexico-PNG proposal on ¾ voting rule. 2. Paths to Governance?: Kyoto vs. “Copenhagen” 7 Presumed Open Paths to Governance Kyoto Path - Build out from existing treaty architecture. 8 “Copenhagen Path” - Build out from alternate path in AWG-LCA. Presumed Open Paths to Governance Kyoto Path “Copenhagen Path” - Build out from existing treaty architecture. - Build out from alternate path in AWG-LCA. - Focus on legally binding mechanisms (expectation of low ambition). - Legally binding or not. 9 Presumed Open Paths to Governance Kyoto Path “Copenhagen Path” - Build out from existing treaty architecture. - Build out from alternate path in AWG-LCA. - Focus on legally binding mechanisms (expectation of low ambition). - Legally binding or not. - Treaty obligations drive mitigation goals. - National interests drive goals (savings, energy security, etc.). 10 Presumed Open Paths to Governance Kyoto Path “Copenhagen Path” - Build out from existing treaty architecture. - Build out from alternate path in AWG-LCA. - Focus on legally binding mechanisms (expectation of low ambition). - Legally binding or not. - Treaty obligations drive mitigation goals. - National interests drive goals (savings, energy security, etc.). - Enforcement through market exclusion. - Enforcement through “shame and blame.” 11 Deadlock from Bonn intersessional negotiations over past two weeks: Focus on second commitment period for Kyoto or focus on building out Cancun building blocks. 12 Presumed Open Paths to Governance Kyoto Path Copenhagen Path - Build out from existing treaty architecture. - Build out from alternate path in AWG-LCA. - Focus on legally binding mechanisms (expectation of low ambition). - Legally binding or not. - Treaty obligations drive mitigation goals. - National interests drive goals (savings, energy security, etc.). - Enforcement through market exclusion. - Enforcement through “shame and blame.” - Covers ~35% of emissions.* emissions. - Covers ~80% 13 3. An Agenda for Durban 14 15 16 Problem: While emission commitments go to 2020, finance commitments only go to 2012, resuming in 2020. 17 Copenhagen Pledge (billions) Minimum Gap Additional $60 billion Assume doubling in real terms (includes Ramp-up urgentlyemissions permit auction revenues) Internationa over three years needed Assumes delay of non-EU carbon markets l Offsets Midpoint Maintain “Fast Start” level (includes inflation) Traditional Increase Climate Climate Foreign Aid Foreign Aid Fast Start Funding “Ramp-up” Period No traction without finance – more important up to 2020 traction than new emission pledges. 19 No traction without finance – more important up to 2020 traction than new emission pledges. But this won’t happen unless South Africa sets an aggressive agenda from the COP presidency. 20 No traction without finance – more important up to 2020 traction than new emission pledges. But this won’t happen unless South Africa sets an aggressive agenda from the COP presidency. Opportunity: US-EU dispute over extension of ETS to air travel in January 2012. Next step: July 5th hearing in Luxembourg in suit by three US air carriers against EU. 21 22 23 24 25 26 27