Increases the support to climate finance The EU must scale up its climate finance towards the Copenhagen Accord commitment of USD 100 billion per year by 2020 for climate action in developing countries. The EU should make proposals for adequate and predictable international climate finance for the 2015 agreement to coincide with the March 2015 deadline for INDCs and ensure that Parties agree on a roadmap for scaling up new and additional finance before 2020, as well as for the Paris Agreement, with mechanisms for accountability and monitoring. The COP should mandate IMO and ICAO to set up measures with effect by 2020 to curb climate impacts of aviation and shipping, in line with the scale and urgency of the climate challenge. Revenues from market based instruments to reduce global aviation and shipping emissions should be dedicated to contributing to post 2020 international climate finance and the Green Climate Fund. The initial capitalisation of the Green Climate Fund for the coming three years should not fall short of USD 15 billion. The EU is the largest donor of international climate finance, but fails to coordinate its contribution. Greens call on EU to act collectively and use revenues of sources of finance that are independent from annual budgetary procedures of Member States. Ensures that a draft negotiation text of the Paris Agreement The EU must ensure that the Lima Conference sets out the main elements of the 2015 Agreement in the form of a draft negotiation text, built on mitigation, adaptation and means of implementation as essential parts. The future climate deal needs to be binding and applicable to all countries and built on a foundation of a common system for monitoring, reporting and verification of emissions to ensure transparency and accountability of commitments. It needs to fix a collective ambition level in terms of global carbon budget which is consistent with maintaining climate change to below 2°C. The agreement must foresee a regular review process to keep track of science and adequacy of climate action.
Increases the support to climate finance The EU must scale up its climate finance towards the Copenhagen Accord commitment of USD 100 billion per year by 2020 for climate action in developing countries. The EU should make proposals for adequate and predictable international climate finance for the 2015 agreement to coincide with the March 2015 deadline for INDCs and ensure that Parties agree on a roadmap for scaling up new and additional finance before 2020, as well as for the Paris Agreement, with mechanisms for accountability and monitoring. The COP should mandate IMO and ICAO to set up measures with effect by 2020 to curb climate impacts of aviation and shipping, in line with the scale and urgency of the climate challenge. Revenues from market based instruments to reduce global aviation and shipping emissions should be dedicated to contributing to post 2020 international climate finance and the Green Climate Fund. The initial capitalisation of the Green Climate Fund for the coming three years should not fall short of USD 15 billion. The EU is the largest donor of international climate finance, but fails to coordinate its contribution. Greens call on EU to act collectively and use revenues of sources of finance that are independent from annual budgetary procedures of Member States. Ensures that a draft negotiation text of the Paris Agreement The EU must ensure that the Lima Conference sets out the main elements of the 2015 Agreement in the form of a draft negotiation text, built on mitigation, adaptation and means of implementation as essential parts. The future climate deal needs to be binding and applicable to all countries and built on a foundation of a common system for monitoring, reporting and verification of emissions to ensure transparency and accountability of commitments. It needs to fix a collective ambition level in terms of global carbon budget which is consistent with maintaining climate change to below 2°C. The agreement must foresee a regular review process to keep track of science and adequacy of climate action.
Greens_demands_for_COP20.docx