Publications

COP 20 in Lima : a tense rehearsal dinner where everyone ended up eating at the same table

21 December 2014 - Climate Brief - By : Ian COCHRAN, Phd / Benoît LEGUET

COP20 in Lima was expected to put the negotiations on track to get an ambitious global agreement in Paris in December 2015. As a “rehearsal dinner” for Paris Climate 2015, COP20 managed to keep and strengthen the hopes for a “wedding” of interests with all parties sharing a table.

COP 20 achieved its two key objectives: defining a framework – even if only indicative – for the submission of the countries’ Intended Nationally Determined Contributions (INDCs), and a preview of the components of the draft negotiating text that will be discussed throughout 2015 on the way to Paris. Perhaps the most valuable input may be COP20’s treatment – or rather the absence – of the Annex I/non-Annex I differentiation. This marks a watershed moment in negotiations where all countries recognize the need to contribute to climate action.

2014 was a relatively productive year marked by Europe’s engagement through the Energy Climate Package 2030, the US-China agreement and the capitalization of the Green Climate Fund. Nevertheless, many unsolved critical issues remain on the negotiator’s plate to ensure the strong commitments necessary in Paris to reach the ambitious long-term 2°C target.

COP 20 in Lima : a tense rehearsal dinner where everyone ended up eating at the same table Download
I4CE Contacts
Benoît LEGUET
Benoît LEGUET
Managing Director Email
To learn more
  • 04/25/2024
    I4CE’s recommendations to the european banking authority on prudential transition plans

    The European Banking Authority (EBA) is clarifying how the banks should frame their “transition plan” as required by the EU prudential regulation. The transition plan is the bank’s strategic roadmap to prepare for the transition to a sustainable economy as framed by the jurisdictions they operate in, including an EU climate-neutral economy. It has been introduced in several EU regulatory frameworks, including as a disclosure requirement arising from the CSRD. The prudential framework and the EBA are focusing on a specific angle: how the banks plan to manage their financial risks related to the transition. EBA’s framing of these plans will be key to determine whether the banks will manage their financial risks consistently with the broader need of financing the transition to a low-carbon economy. 

  • 04/19/2024 Foreword of the week
    World bank and IMF Spring Meetings: How can the reformed institutions play a leading role in funding the transition?

    Rethinking how development can be financed to take into account the rising challenges of our time is a fastidious task, especially when thousands of experts, decision makers and practitioners want to leave their print. The outline of the new international financial architecture is being debated again this week, with more questions open for discussion than consensus on the answers. 

  • 04/19/2024 Blog post
    More and better finance: maximising positive climate impacts for a timely transition 

    Since the Paris Agreement in 2015, significant strides have been made to foster the commitment of countries and financial institutions to address the climate crisis and ensure that climate risks and opportunities are considered in investments. However, with emissions required to peak before 2025, our window of opportunity is rapidly closing to keep +1.5°C within reach. Financial needs to lower greenhouse gas (GHG) emissions and to address adaptation priorities are increasing rapidly in the meantime. Luis Zamarioli Santos and Diana Cárdenas Monar, from I4CE, believe that commitment must urgently translate into action, and action must bring the urgent change the world needs. Both governments and public financial institutions have a central role to play to deliver more and better finance, maximising positive impacts. This blogpost highlights some opportunities to advance in the path for a systemic transformation, involving key stakeholders with a whole-economy approach.  

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer