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Policy Brief on a New Climate Protocol
As conflicts of interest between developed and developing countries heighten in the negotiations for a new protocol, IBON International offers the following policy positions on mitigation, adaptation, and finance which should form the most crucial building blocks for a new climate protocol:
- Comprehensive and concerted but differentiated and equitable global effort to limit global average temperature rise to below 1.5 degrees Celsius;
- Means of implementation (MOI), strict monitoring, review, and verification (MRV) processes, and adaptation as a major component incorporated in the 2015 agreement, ;
- Clear, transparent, and measurable Intended nationally determined contributions (INDCs) must be legally binding; must cover a wide range of climate measures, and based on the principle of CBDR;
- Legally binding pre-2020 financial commitments from developed countries providing developing countries with USD 50 billion in climate finance by 2015, increasing annually by increments of USD 10 billion, until it reaches USD 100 billion by 2020 to enhance climate finance support for the post-2020 period;
- Institutional mechanisms, such as the Green Climate Fund (GCF), the Adaptation Fund (AF), and the COP’s Standing Committee on Finance (SCF) must be solidly anchored on the principles of democratic governance and development effectiveness.