COP18: Will funding for climate change end this year?

from ACT Alliance
Published on 03 Dec 2012

Doha, Qatar, December 3, 2012 A financial black hole is fast approaching as the second week of negotiations in UN climate change talks, known as COP18, begins in Doha, Qatar, today.
Unless governments pledge funds from January 1 2013 for programmes that enable developing countries to adapt to climate change and mitigate emissions, the possibility of those countries to become climate change resilient will reduce drastically, says ACT Alliance. Governments must also agree to a consistent scale-up of finance for adaptation and mitigation in the next seven years.

The alliance says now is the time to make concrete promises of money that is new and additional to existing overseas aid development funds. A major portion of the funds should be channeled through the new Green Climate Fund, a mechanism launched at COP17 to transfer money from the developed to the developing world for that purpose. To date, it has only a handful of pledges.

More funding would not only enable countries to improve their resilience to climate change, but also curtail the current lack of trust between negotiating parties. Without trust, the week in Doha will not deliver what is needed: the way for a comprehensive climate deal by 2015, says ACT. “What the poorest and most vulnerable people of this world need from Doha is clear progress to find solutions to address the crises climate change is causing them,” says ACT General Secretary John Nduna. “Governments of developing countries need sustainable and predictable funding to implement concrete actions, such as extensive flood resistant structures, adjusted farming practices and new energy solutions,” he says. “At the moment we don’t even know what is coming next month.” December 31 marks the end of so-called ‘fast start’ climate finance, a $30b funding scheme designed to help poor nations adapt to and mitigate the effects of climate change. While nations have agreed to fund climate adaptation and mitigation to the tune of $100b a year from 2020, no agreement has been found on how to meet that promise or even how to cover financial needs in 2013.

As an organisation heavily involved in emergency response around the globe, ACT Alliance emphasises that lack of funds and concrete action will result in developing countries facing greater exposure to the worst effects of weather-related disasters. Left unchecked, this will ultimately be more expensive than finding sufficient and consistent funding now.

ACT Alliance is a global network of more than 130 churches and church-related organisations working in humanitarian response, development and advocacy. Its members work on climate change adaptation, mitigation, resilience and disaster risk reduction. ACT has a delegation of over 30 people in Doha.

For more information or interviews, contact:
Climate Policy and Advocacy Officer, Isaiah Kipyegon Toroitich, tel. +41798257899 Chair of ACT Advisory Group on Climate Change Advocacy, Mattias Söderberg, tel. +4529700609 Acting Senior Communications Officer, Sandra Cox, tel. +41 79 681 1868

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