Cop25 Day 2 – ‘Thank you for being insane’

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Madrid, Spain – At a meeting of heads of delegations on Tuesday, countries said they wanted to find common ground on carbon markets, or Article 6. Paul Watkinson, chair of UN Climate Change’s scientific body, said “everybody was ready to work towards an agreed outcome here in Madrid”. 

Brazil, which has previously dug its heels in on this issue, said it was “very much committed to a successful and balanced outcome,” adding “you can count on this delegation to meet these objectives”. 

But do temper any optimism. “Thank you for being insane enough to take this on again,” a South African negotiator told the co-facilitators leading the meeting – a hint of the difficulties lying ahead. 

Disagreements on some of the sticking points were clear. 

  • Small island states and New Zealand stressed the importance of having mandatory cancellations of credits so that markets deliver extra emissions cuts. Egypt and Saudi Arabia called for voluntary cancellations. 
  • Saudi Arabia said it “did not see a need” for “corresponding adjustments”, the mechanism which would avoid countries double claiming emissions reductions – a red line for most progressive countries. 

Outside Article 6… The other unfinished aspect of the Paris rules is the alignment of national climate pledges – known in the UNFCCC as ‘common timeframes’. Talks on this item begin on Wednesday, with draft text expected on Friday. There are fears that longer time frames could lead to slower emissions cuts. Why? Read our explainer.

Meanwhile, a new report launched in Madrid by the World Meteorological Organisation (WMO) found that average temperatures for the last decade were “almost certain to be the highest on record”.  2019 is also on course to be the second or third warmest year on record with global temperature average of 1.1C above the pre-industrial period.

“This all shows… things haven’t been improving according to the Paris Agreement,” said WMO secretary general Petteri Taalas. 

Influence watchers raised concerns over the Spanish government’s appeal for corporate aid to pull off this last-minute conference. Among those companies are Iberdrola and Endesa, both power utilities with interests in fossil fuels and large carbon footprints.

“If these meetings are meant to pave the way for real solutions, not industry schemes, and meaningfully address this crisis, surely we can agree they mustn’t be bankrolled and influenced by those most responsible for it,” said campaigners from Observatorio de Multinacionales en América Latina, Corporate Europe Observatory and Corporate Accountability International.

Reflecting the theme of this “Blue Cop”, Chile launched an initiative to promote “solutions for the ocean”. The initiative aims to bridge the gap between scientific evidence and public policy to include oceans in climate strategies and better protect them from climate impacts. 

Outside Cop… Yesterday, the Spanish parliament reconvened for the first time since last month’s election, which failed to resolve the country’s political deadlock. Negotiations to form a government are underway, with a preliminary deal between the socialists and Podemos already made, but a resolution is not yet in sight. 

Besides the politics, on Monday evening, the Spanish King Felipe VI hosted a reception at the royal palace for heads of states and government representatives attending Cop25. (Some pics here and here). The king called on countries to show “leadership” and “determination” in taking climate action. “No border can protect us from the effects of climate change, we cannot delay these decisions,” he said. 

What to watch on Wednesday: The latest Global Carbon Budget report is due to be published today. The report is a snapshot of the carbon emissions trend and the biggest emitters. 

first draft of the carbon markets Article 6 text is expected by the end of today. Catch-up with our explainer here

Science ministers are due to kick off one of four ministerial meetings happening throughout the talks. One of the meeting objectives is to “receive specific voluntary commitments on climate action”. Could be one to watch as part of the broader effort to raise ambition. 

 

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