What Was The Point Of Emmanuel Macron"s Climate Summit?

20171214

Paris was swirling with activity today as political and business leaders converged on the city to attend French President Emmanuel Macron’s One Planet Summit. It had two objectives. On one, Macron succeeded. But on the other, the results were discouraging. The summit marked the two-year anniversary of the signing of the Paris climate agreement in the French capital, and it was meant to affirm the world’s commitment to the deal despite Donald Trump’s announcement in June that he will take the U.S. out of the accord. That was again affirmed today, but it wasn’t really in doubt. The world’s commitment had already been strongly signaled at the G7 and G20 summits earlier this year, and at the UN climate summit in Bonn three weeks ago. The other goal was to get countries to cough up the climate financing they committed to in the Paris Agreement, something they so far have been reluctant to do. The gap between what was promised and what has been delivered is huge. According to a report published this year by the OECD, $6.3 trillion is needed annually until 2030 to meet the Paris Agreement’s goal of limiting temperature rise to no more than two degrees Celsius. So far, governments have committed to only $100 billion per year. Mind The Gap Last month in Bonn, Macron said Europe should take the lead in filling the financing gap left by the U.S., which has said it will stop contributing climate finance. Europe heeded Macron’s call. Maroš Šefčovič, the EU’s energy chief, came to Paris with an "action plan for the planet" in hand, containing commitments for €9 billion in climate finance for countries outside Europe to combat and adapt to climate change. “It is not that funding or financing is not available,” he told the summit attendees in Paris. “In Europe, we have the ambition to be the hotbed of urban innovation. This is why we support local climate action through EU funds, with at least 20% of the EU budget going into climate-related projects.” The United Kingdom, which is on its way out of the EU, announced £140 million of new funding for projects to help developing countries adapt to the effects of climate change. The World Bank announced new funding worth $4.5 billion. Companies launched initiatives as well. A five-year project was launched by global investors to pressure companies to curb emissions, divest from fossil fuels and make climate-related financial disclosures. A coalition called We Mean Business announced that 1,200 companies have now committed to align their emissions reduction plans with the goals of the Paris Agreement by 2019. No Surprises Former Governor of California and US actor Arnold Schwarzenegger speaks during a panel conference at the One Planet Summit (ERIC FEFERBERG/AFP/Getty Images) It all sounds like a lot, but most of this funding was already pre-planned and would have come whether or not Macron held his Paris summit. Although many had hoped for some unexpected announcements from the likes of China, Russia, Canada, Australia, Brazil or India, nothing came. Beijing wasn’t ready to announce the launch of its national emissions trading scheme at the summit as hoped. The summit was an opportunity for countries and businesses to showcase investment decisions or initiatives they were already planning. Insurance group AXA and Dutch bank ING both made announcements about divesting from fossil fuels — announcements that were surely timed for the summit"s maximum PR value. But it was difficult to see what this summit added to the work done in Bonn last month. The anti-Trump rhetoric was just as hot. “When you hear that the U.S. dropped out of the Paris Agreement, don"t pay any attention,” bellowed former California Governor Arnold Schwarzenegger. “The U.S. didn"t drop out. Donald Trump got Donald Trump out of the Paris Agreement.” But the words didn’t get people up out of their seats the way they had in Bonn. The audience had heard them all before. “Macron put on a grand show, but political leaders assembled at Paris have little to show at the end of the conference," said Jorgo Riss, director of Greenpeace EU. China, Canada and the EU announced they will co-host another ministerial climate summit in Brussels in June, with Canada replacing America’s former role in the "climate leadership triumvirate." Again, the symbolic value will be important. But are world leaders risking summit fatigue? There will be much to do in the run-up to the next UN climate summit in Poland in November. Already, an extra "intercessional" meeting has been scheduled for civil servant negotiators. In addition to these working-level meetings, Macron wants to keep the high-level political leadership focused. He believes these leaders summits are the best way to do it. But unless countries cough up more climate finance and more ambitious emissions-reduction plans in the next year, the conclusion may have to be that such high-level summits are not working.

Ист.: Forbes Energy, Ссылка: https://www.forbes.com/sites/d...
Темы:Энергетика, Социум,

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