Over the course of the two-week UN Climate Change Conference (COP23) in Bonn, a number of significant initiatives and commitments were made by governments, organisations and businesses that will contribute to reaching the objectives of the Paris Agreement.
Key announcements include:
Financing Climate Action
InsuResilience Initiative - additional US$125m from Germany to support provision of insurance to 400 more million poor and vulnerable people by 2020. A G20 and V20 (vulnerable nations) partnership
Adaptation Fund exceeds 2017 Target – Germany’s contribution of 50 million euros and Italy’s contribution of 7 million euros means the Fund has now surpassed its 2017 target by over US$13 million and stands at a total equivalent of US$93.3 million dollars
Norway & Unilever - US$400m fund for public and private investment in more resilient socioeconomic development. Investing in business models that combine investments in high productivity agriculture, smallholder inclusion and forest protection
Germany and Britain to provide combined US$153m to expand programs to fight climate change and deforestation in Amazon rainforest
European Investment Bank will provide US$75 million for a new US$405 million investment programme by the Water Authority of Fiji. The scheme will strengthen resilience of water distribution and wastewater treatment following Cyclone Winston, the world’s second strongest storm ever recorded, which hit Fiji in February 2016
Green Climate Fund and the European Bank for Reconstruction and Development signed up to free US$37.6 million of GCF grant financing in the US$243.1 million Saïss Water Conservation Project to make Moroccan agriculture more resilient
World Resources Institute announced a landmark US$2.1 billion of private investment earmarked to restore degraded lands in Latin America and the Caribbean through Initiative 20x20
UNDP, Germany, Spain and EU launch EUR 42 million programme NDC Support Programme at UN Climate Summit to help countries deliver on the Paris Agreement
NDC Partnership to establish a new regional hub to support implementation of Nationally Determined Contributions (NDCs) in the Pacific
13 countries and IEA - EUR 30 mln to “IEA Clean Energy Transitions Programme” to support clean energy transitions around the world
Ecuador to reduce 15 million tonnes of CO2 emissions in the forest sector
Gabon’s National Park Service to halt illegal logging to stop emission of 20 million tonnes of CO2
Investing in Climate Action
HSBC announces $100 billion for green investments just before COP23
R20 and Blue Orchard Finance’s African Sub-national Climate Fund to provide ready-to-invest projects and funds to implement at least 100 infrastructure projects by 2020
Coordinating Climate Action
SIDS Health Initiative by WHO, UN Climate Change secretariat and Fijian COP 23 Presidency to ensure small island developing states have health systems resilient to climate change by 2030
America’s Pledge brings together private and public sector leaders to ensure the US remains a global leader in reducing emissions and delivers the country’s climate goals under the Paris Agreement
Powering Past Coal Alliance brings together 25 countries, states and regions to accelerate the rapid phase-out of coal and support affected workers and communities to make the transition
C40 mayors of 25 pioneering cities, representing 150 million citizens, pledged to develop and begin implementing more ambitious climate action plans before the end of 2020 to deliver emissions neutral and climate resilient cities by 2050
Global Alliance for Buildings and Construction – signed agreement to dramatically speed up and scale upcollaborative action
below50 -World Business Council on Sustainable Development initiative to grow the global market for the most sustainable fuels.
EcoMobility Alliance - Ambitious cities committed to sustainable transport.
Transforming Urban Mobility Initiative - Accelerating implementation of sustainable urban transportdevelopment and mitigation of climate change.
The Ocean Pathway Partnership aims, by 2020, to strengthen action and funding that links climate change action; healthy oceans and livelihoods including through the UN Climate Change process and via national climate action plans
United Nations Development Programme launched the Global Platform for the New York Declaration on Forests to accelerate achievement of its goals of forest protection and restoration.
Corporate Emission Cuts
Mars Inc. to reduce carbon footprint 27% by 2025 and 67% by 2050
Microsoft to cut carbon emissions by 75 percent by 2030
EV100 – More big companies join transition to electro-mobility
Walmart commits to commodities that do not increase deforestation
Syria ratified the Paris Agreement – 170 have now ratified
Six countries ratified the Doha Amendment establishing the second commitment period of the Kyoto Protocol (Belgium, Finland, Germany, Slovakia, Spain, and Sweden) – 90 countries, including Australia, in total have ratified
Eight countries ratified the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer (Comoros, Finland, Germany, Lao People's Democratic Republic, Luxembourg, Maldives, Slovakia and the UK) – 19 countries, including Australia, in total have ratified the Kigali Amendment.