IETA COP24 Report
KATOWICE, 13 December - Greetings from a fast-emptying COP24.
As delegates began leaving for home, the negotiations neared their climax. Ministers have largely taken over the discussions on the most politically sensitive issues, and texts have begun to shrink as more and more options are removed.
We began the day expecting a new text to be issued at around midday, but there were no new developments until the middle of the afternoon, when the Polish presidency called a stocktaking plenary to hear reports from ministers who had been leading the discussion groups.
We heard from the ministers leading the negotiations on finance, transparency, mitigation, adaptation, the global stocktake and the Talanoa Dialogue and IPCC 1.5 degrees special report. All of these groups reported progress, convergence on key areas of disagreement, and only a few remaining obstacles.
Critically however, there was no report from the ministers from New Zealand and Chile who, the President said, had had a "very tough night".
Concluding the stocktaking meeting, the President said he would focus on preparing a new set of proposals, after which he would consult with ministers in a "Vienna meeting".
International Policy Director Stefano De Clara takes notes during the stocktaking plenary.
New texts were repeatedly delayed until the early evening, when Article 6.2, Article 6.4 and Article 6.8 drafts appeared. Our policy team has been analysing them and say that they're a step forward, even if they are "not quite there yet".
There are still many brackets but we believe the endgame is now near. There are still grey areas in the accounting options, and they are really complex to work through, but we think they can be simplified and improved.
Most critically though, Share of Proceeds is still a big problem. We don’t think it should apply to Article 6.2, and it has the potential to put the whole of Article 6.2 at risk.
Our main side event today was a session on the Carbon Pricing in the Americas Declaration. Katie Sullivan led a discussion among senior carbon pricing experts from North and Latin America and the World Bank to review the opportunities that signatories to the year-old Declaration are pursuing and the priorities for policy development.
All smiles at IETA's side-event on the Carbon Pricing in the Americas Declaration.
We also hosted an important session on REDD+ and how it can be supported by governments and the private sector.
Finally, Gas Naturally held two sessions in the afternoon on low-carbon technologies for mitigation such as carbon capture, and then a discussion on the growing role of millennials in entrepreneurship and policymaking.
We closed our side-event programme with a reception at the IETA Business Lounge, which has been a huge hit throughout COP. We are also very grateful for the support of our member organisations and others, who have put on a fascinating and really varied schedule of events.
Lastly, we've also finally managed to get our hands on a link to Dirk's Talanoa Talk. In the run-up to COP24, he was invited by the 5x15 organisation to participate in an evening of Talanoa Talks in London. Amid a stellar roster of speakers ranging from Fijian Prime Minister Frank Bainimarama to actor Ralph Fiennes to singer Ellie Goulding, Dirk spoke about the value of cooperation in the fight against climate change. You can see his talk here.
Tomorrow we will share any important developments, texts, or observations from our policy team. and assuming the talks end, as currently predicted, on Sunday, we will be producing a comprehensive report on the entire two weeks of COP24 by next Tuesday or Wednesday.