Marrakesh summit ends without funds deal

Despite progress made on several fronts at the Marrakesh climate summit in Morocco, there was a deadlock over finances to be made available by rich nations for climate action.

leaders in COP22
World leaders push on with climate action at the conclusion of COP 22 in Marrakesh. But the question is, where is the financing from rich countries? Image: UN Climate Change, CC BY-NC-ND 2.0

The November 7-18 UN climate summit concluded in the early hours of November 19 with a tight timetable on how to implement the Paris Climate Change Agreement but without a deal on how much money rich nations will pay for the purpose and by when. Governments set a deadline of 2018 to complete the rulebook to operationalise the Paris Agreement.

The Marrakesh summit of the UN Framework Convention on Climate Change (UNFCCC) saw a slew of initiatives to move towards a greener economy and to boost water and food security in a world made more vulnerable to droughts, floods, storms, sea level rise and other impacts of climate change.

Most of the initiatives were through bilateral or country-group projects between developed and developing nations, state and city governments, the World Bank and its associates, or private firms – all outside the control of the UNFCCC, a move that is worrying many poor nations.

Progress on other fronts

There was progress on other fronts. Canada, Germany, Mexico and the United States announced their climate strategies to 2050. In the case of the US, this plan came despite the threat of president-elect Donald Trump to pull his country out of the Paris Agreement.

Patricia Espinosa, Executive Secretary of UNFCCC, said after the conclusion, “The Paris Agreement set the course for global climate action. Here in Marrakech, governments underlined that this is now urgent, irreversible and unstoppable.” The Marrakesh Action Proclamation underlined this.

Despite the progress on other fronts, the issue of finance could not be resolved, though it delayed the end of the summit by hours and kept delegates of over 190 countries arguing in the cold corridors of the venue well past midnight.

The Paris Agreement set the course for global climate action. Here in Marrakesh, governments underlined that this is now urgent, irreversible and unstoppable.

Patricia Espinosa, executive director, United Nations Framework Convention on Climate Change

Salaheddine Mezouar, Morocco’s foreign minister and president of the conference, said after the conclusion, “It will be necessary to respect the commitment of USD 100 billion from now until 2020.

Faced with the magnitude of what is required for dealing with the impacts of climate change, turning billions into trillions is indispensable. 2017 must be the year of large scale projects, of mobilising finance, and accessing financial facilities that will be necessary for adaptation.”

The threat of an US government under Donald Trump pulling out of the Paris Agreement united climate negotiators from developed and developing countries as never before, on most issues except the vexed question of finance.

Talks broke down on whether the Adaptation Fund – set up under the Kyoto Protocol to help poor nations cope with climate change impacts – would continue after the protocol expires in 2020.

Four developed countries pledged USD 81 million to keep the fund running for now, but its future beyond 2020 remains uncertain.

Anil Madhav Dave, India’s Minister for Environment, Forests and Climate Change, said he wanted the part about finance to be “transparent, clear and straight. By straight, I mean, don’t start adding things later.”

Dave said there should have been more climate action pledged between now and 2020, but overall he found the summit had been “on track, despite attempts to derail it.”

Asked repeatedly about the possible reaction by India if Donald Trump pulled his country out of the Paris Agreement, Dave would only say, “We have to go ahead with implementation of the agreement. We already have over 95 per cent of the laws necessary to do so.”

Deadlock over finance

Climate activists also expressed disappointment about the deadlock over finance. Sanjay Vashist, Director of Climate Action Network South Asia, welcomed “progress made on technical fronts” but expressed disappointment about the “lack of urgency shown by developed countries on delivering their promise of providing necessary funding to developing countries to cope with the incessant impacts of climate change.”

“At the end of these two weeks we just want to express our extreme disappointment that no clear and concrete increases in climate finance pledges have been put forward by developed country governments,” said Lidy Nacpil of the Asian Peoples’ Movement on Debt and Development.

“Private sector involvement is not a substitute for public finance… In Marrakesh, all the developed countries did was try to evade and postpone their responsibilities, insisting on highly questionable methods for calculating their financial contributions to mask the paltry reality.”

Asad Rehman of Friends of the Earth said, “The science is clear, we only have three years before the Paris Agreement’s goal of 1.5 (degrees Celsius ceiling) is beyond our reach. The pledges on the table for those three years will not deliver this goal.”

This story was published with permission from The Third Pole. Read the full story.

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