Search Climate Insights Directory

The Bangkok Climate Change Conference focused on operationalizing the Paris Agreement through the PAWP, covering mitigation, adaptation, finance, and transparency. While some technical progress was made in streamlining negotiating texts, overall progress was characterized as "uneven," with significant deadlocks remaining over climate finance (Article 9.5) and the principle of differentiation in Nationally Determined Contributions (NDCs).

The CDM Executive Board's 64th meeting addressed the establishment of a high-level policy dialogue to review CDM experience for the post-2012 period and considered a 'risk-based-approach' to manage a surge in project registrations. Key discussions included proposals to tighten additionality testing for large-scale projects, the development of new transparency standards (PS, VVS, and PCP), and the establishment of liability rules for excess Certified Emission Reduction (CER) issuance resulting from fraud or negligence.

The 11th GCF Board meeting resulted in the approval of the first eight funding proposals totaling USD 168 million for projects in Africa, Asia-Pacific, and Latin America. The Board adopted a monitoring and accountability framework for accredited entities, including a fee policy for public sector projects (7-10%) and a five-year re-accreditation cycle. While USD 10.2 billion has been pledged to the Fund, only USD 5.83 billion has been signed, with 14 countries yet to finalize contribution agreements. Additionally, the Board approved USD 14 million for readiness support and agreed to develop a strategic plan to be considered at the 12th meeting.