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Shifting to Low Carbon Development: Nationally and Globally
The document discusses the importance of low carbon development strategies (LEDS) in national and global climate action, emphasizing the need for sustainable investment, political will, and new business models. It outlines the historical context of LEDS within the UNFCCC, highlighting key international agreements and the absence of a universally accepted definition. Additionally, it addresses the necessity for financing these strategies through a combination of public and private sector involvement to ensure sustainability and effective implementation.
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Shifting to Low Carbon Development: Nationally and Globally
- 1. Shifting to LowCarbon Development: Nationally & Globally Vositha Wijenayake Policy & Advocacy Coordinator Climate Action Network South Asia
- 2. Policy Alignment for BetterClimate Better Growth Scaling up of sustainable investment & finance Change in tax policies favouring carbon intensive options Political will at national and global level for low carbon transitions Low carbon business models Promotion and implementation of low carbon technology International trade & domestic decision making: LDC and trade barriers i.e. import tariff Incentivising transition to low carbon development
- 3. Low Carbon/ LowEmission Development Strategies Has its roots in the UNFCCC Also termed low-emission development strategies or low- carbon growth plans Describe forward-looking national economic development plans or strategies that encompass low-emission and/or climate-resilient economic growth (OECD, IEA 2010) An opportunity to formulate integrated, consistent strategies on climate change mitigation and provide long- sighted guidance
- 4. LEDS & UNFCCCProcess (1/2) Art. 4.1.b of the UNFCCC provides for the formulation of programmes on climate change mitigation The initial proposal on LEDS introduced by the EU in 2008 Highlighted how information on planned low-carbon pathways can help to inform the international community about funding needs and priorities and to help understand the level of global climate change action LEDS mentioned by the Parties in Copenhagen and Cancún. The Copenhagen Accord refers to “a low-emission development strategy” (Draft Decision -/CP.15, Para. 2) 2010: Cancun Agreements recognise low-carbon development strategy as indispensable to sustainable development” (Decision 1/CP.16, Para. 6), stipulates developed countries should draft LEDS while developing countries are encouraged to do the same (Decision 1/CP.16, Para.s 45 and 65).
- 5. LEDS & UNFCCCProcess (2/2) No internationally agreed definition on LEDS Typically consists of: - A compilation of emissions data and projections - Economy-wide, broad long-term mitigation goals (in the range of 15 to 30 years) - A survey of cost-efficient mitigation options and their prioritisation - The stipulation of concrete short- and mid-term mitigation actions
- 6. Low Carbon Development& COP 21 The concept is included in the Draft Text of Paris 3 specific mentions within options for: collective long term goal, long term strategies for mitigation Relates to elements of finance, capacity building and technology transfer Capacity building : in relation to implementation of mitigation strategies, co-benefits strategies Technology transfer, issues regarding IP for low carbon development related technology Related to the links made between sustainable development and climate change actions
- 7. Financing Low Carbon DevelopmentStrategies Links with Nationally Appropriate Mitigation Actions Financing works on a case-by-case basis and can incorporate sources of bilateral, multilateral, private sector finance To ensure sustainability needs the involvement of both public and private sector Could be funded nationally or internationally Private sector funding : crucial for the sustainability of development strategies, and implementation Entities that operate between both public and private such as NAMA facility Green Climate Fund: established to leverage private and public finance to support mitigation strategies and adaptation practices in developing countries through projects, programmes, policies and other activities
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