Business Leaders to Climate Summit: ‘Speed up Decarbonisation’
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Countries pledge millions for UN technology transfer initiative
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Businesses including Nike, Mars, Unilever, HP and L’Oreal call for acceleration of low-carbon transition
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Germany says further delay in climate action ‘cannot be tolerated’
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$50 million transparency capacity building initiative "open for business"
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EU says its “on the right side of history” and calls Paris Agreement “irreversible and non-negotiable”
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World Bank announces $1.5 billion for climate action in Arab world
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Obama administration and Mexico first to announce long-term strategies
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⚡️ Follow the developments at COP22 today via our live blog
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More Than 360 US Companies Call For Climate Action
More than 365 American businesses and investors – from more than a dozen Fortune 500 firms to small, family-owned businesses – sent a strong message yesterday to US and global politicians. The companies reaffirmed their support for the Paris Agreement and the need to accelerate the transition to a low-carbon economy. We “re-affirm our deep commitment to addressing climate change through the implementation of the historic Paris Climate Agreement,” they say. Among the large and small US businesses signing the statement are DuPont, General Mills, Hewlett Packard, Hilton, Kellogg Company, Levi Strauss, L’Oreal USA, Nike, Mars, Schneider Electric, Unilever’s US operations and Starbucks. Zaurie Zimmerman, CEO of The Lion Company in Louisville, Kentucky, said that ultimately it is about keeping the United States “truly competitive in the global economy.”
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Europe Says Paris is “Irreversible And Non-Negotiable”
Addressing COP22 delegates yesterday, EU climate commissioner Miguel Arias Cañete vowed to defend and implement the Paris climate accord and called it a "growth engine of our economies.” In a clear message to US president-elect Donald Trump, he went on to say that "We (..) are on the right side of history."
The commissioner told delegates they "can count on the European Union to continue to lead the work to face one the greatest challenges of our time." He did acknowledge that the world was entering “unchartered waters,” but assured the COP22 conference that the European Union “will stand firm on shaky ground."
"We are here to stand for the Paris Agreement. We are here to defend the Paris Agreement. And we are here to turn the Paris Agreement into action,” he said.
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Thursday COP22 Tip 1/2 →
If you're in Marrakesh today, you don't want to miss the Realising the Potential of the Paris Agreement event for some transatlantic insights. Key speakers will represent organisations including the Harvard Project on Climate Agreements and Climate-KIC partner the Potsdam Institute for Climate Impact Research. 11:30, Arabian Room
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Germany: “We Cannot Tolerate Any Further Delay In Climate Action”
The UNFCCC has published a video recorded by Germany’s environment minister Barbara Hendricks. In the video, Hendricks says “we cannot tolerate any further delay in climate action” and confirms Germany will double its climate action budget by 2020 compared to 2014. This week, ministers from around the world have been discussing how to increase financial resources for technology development and tech transfer, and to ensure developing countries have the right skills and knowledge to decarbonise their economies. Hendricks says Germany will be helping other countries implement their national climate plans. |
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Over $23M Pledged For Technology Transfer
The European Union, Canada, Denmark, Germany, Italy, Japan, Korea, Switzerland and the United States have announced over $23 million to scale up the UNFCCC's technology transfer network. The Paris Agreement establised a so-called Technology Mechanism to ensure low carbon technologies and knowledge are present around the world. It will rely on the UN’s Climate Technology Centre and Network (CTCN) for its practical implementation. Climate-KIC, the EU's climate innovation initiative, is part of the network. Climate-KIC head of policy Andrea Karpati recently wrote an opinion piece for the Daily Planet, saying "the implementation of [the Paris Agreement] could be achieved a lot faster and more effectively than currently imagined" if these types of networks are implemented well.
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$50M Transparency Initiative "Open for Business"
A new fund was launched yesterday to help developing countries build up enough institutional and technical capacity to effectively monitor and report their low-carbon transition's progress. The Capacity-building Initiative for Transparency (CBIT) – a trust fund administered by the Global Environment Facility (GEF) – was declared “open for business” by GEF CEO Naoko Ishi. The Global Environment Facility (GEF) was launched just ahead of the 1992 summit that established the UNFCCC to fund environmental projects. The new CBIT initiative has already been promised over $50 million by a number of countries, according to a statement by the GEF. The first set of projects are set to be implemented in Costa Rica, Kenya and South Africa.
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Thursday COP22 Tip 2/2 →
There is clear demand for action on water, but climate finance in the water sector is still just a drop in the bucket. The International Water Association, the International Solid Waste Association and the OECD are organising a side-event today to discuss how we could develop a "pipeline of bankable projects for low-carbon, climate resilient infrastructure for water and wastewater."
11:30, Blue Zone, Mediterranean Room
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↓↓ Keep scrolling for a look at what people are saying about #COP22 on social media ↓↓
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World Bank: $1.5B For Climate Action in Arab World
The World Bank has announced a new plan today to ramp up support for countries in the Middle East and North Africa (MENA) region "to confront the multiple threats of climate change." Over the next four years, the bank aims to nearly double the portion of its financing dedicated to climate action, taking it to around $1.5 billion per year by 2020. Nearly two-thirds of agriculture in the MENA region relies solely on rainfall, which makes it especially vulnerable to changes in temperature and precipitation. As global temperatures rise, they will rise even faster in MENA, causing more frequent and severe droughts, the World Bank says. You can also download the bank's regional action plan.
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US and Mexico first to announce long-term plans
According to the Paris Agreement, all parties to the accord should formulate and publish long-term low greenhouse gas emission strategies. Yesterday, the US and Mexico were the first countries to hand them in. The United States has presented a plan for emissions reductions of 80 per cent or more below 2005 levels by 2050, although it will remain to be seen whether Obama's successor will stick to this. Mexico's plan entails a 50 per cent reduction of greenhouse gases by 2050 compared to the year 2000. The UNFCCC has published the plans on its website and says further long-term climate change strategies are expected to be published by countries in the “near future.”
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🔔 Check out the official hashtags #COP22 and #ActionTime to follow the summit on Twitter
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Yesterday at COP22, as it Happened
Catch up with yesterday's live blog and our overview of all COP22 live blogs so far. For the duration of the summit, we'll be keeping you informed about the latest news and social media updates from the summit.
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Daily E-Newsletter
No time to keep up with the live blog? Like last year in Paris, we'll be sending you these daily highlights in our e-mail newsletter from 7–18 November.
Too much? Click here and you'll keep receiving your trusty weekly update instead.
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Journalist Karl Mathiesen was one of those lucky enough to see the super moon. You might also if you look carefully!
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A Thumbs up From The Woman Leading Thailand’s Solar Revolution
Solar power is expanding rapidly across Asia, and entrepreneurs like Thailand's Solar Power Company Group CEO Wandee Khunchornyakong are seizing the opportunity. Khunchornyakong, who won the UNFCCC’s Momentum for Change award back in 2014, has developed a strong enough position to start replicating her success “both in Thailand and the Southeast Asian region” according to the UNFCCC. She stopped by Climate-KIC's COP22 stand yesterday and gave us a thumbs up, according to this tweet from Andrea Karpati. But it is definitely Khunchornyakong who should get a thumbs up, as she has managed to attract some $2 billion in private capital for solar power! Are you in Marrakesh? Come grab your own limited edition Daily Planet in the Green or Blue zone.
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Download The PDF
Download your copy of the special Daily Planet edition distributed in Marrakesh, find out what's at stake, learn about the best events, get COP22 Twitter tips and learn how to manage your conference footprint. Continue >>
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Climate-KIC at COP22
You can meet partners, community members and staff of the EU's climate innovation initiative at the Climate-KIC stands in the Blue and Green zones at COP22. Find out more about Climate-KIC's side-events on this webpage.
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