FUNDING SCHEME FOR THE BALI ACTION PLAN

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FUNDING SCHEME FOR THE BALI ACTION PLAN A Swiss proposal for global solidarity in financing Adaptation. PLAN OF THE PRESENTATION SITUATION OBJECTIVES AND PRINCIPLES FUNDING SCHEME IMPLEMENTATION AND GOVERNANCE ADDITIONAL WORK. FUNDING SCHEME FOR THE BALI ACTION PLAN
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FUNDING SCHEME FOR THE BALI ACTION PLANA Swiss proposal for global solidarity in financing Adaptation
  • PLAN OF THE PRESENTATION
  • SITUATION
  • OBJECTIVES AND PRINCIPLES
  • FUNDING SCHEME
  • IMPLEMENTATION AND GOVERNANCE
  • ADDITIONAL WORK
  • FUNDING SCHEME FOR THE BALI ACTION PLAN
  • A Swiss proposal for global solidarity in financing Adaptation
  • SITUATION
  • Climate change (CC) consequences already visible (AR4)Adaptation to the adverse effects of CC taking place now must be addressedFinancing Adaptation will require USD 10-40 bn per year (WB)Adaptation Fund expected to provide USD 300-450 million until 2012Adaptation capacity unevenly distributed across and within countries A FUNDING SCHEME IS PROPOSEDFUNDING SCHEME FOR THE BALI ACTION PLAN
  • A Swiss proposal for global solidarity in financing Adaptation
  • OBJECTIVES AND PRINCIPLES
  • To levy the necessary funding for Adaptation by taxing CO2 emissionsTo tax emissions in all the countries above a « basic need oriented threshold »To establish a National CC Fund (NCCF) in each countryTo establish a Multilateral Adaptation Fund (MAF)Principle of common but differentiated responsibilitesPolluter pays principlePrinciple of subsidiarityFUNDING SCHEME FOR THE BALI ACTION PLAN
  • A Swiss proposal for global solidarity in financing Adaptation
  • FUNDING SCHEME
  • This scheme is an illustration of one possibility of the concept :Tax rate : USD 2 per ton of CO2 emissionsThreshold : yearly emissions up to 1.5 ton of CO2eq per capitaThe higher the income per capita, the higher the share of revenues to the MAFThe lower the income per capita, the higher the share of revenues to the NCCFMAF to have a risk prevention pillar and a risk insurance pillarMAF funds to be distributed to medium and low income countriesFUNDING SCHEME FOR THE BALI ACTION PLAN
  • A Swiss proposal for global solidarity in financing Adaptation
  • NATIONAL CLIMATE CHANGE FUNDS (NCCF)
  • Each country will autonomously operate its own NCCFNCCF ressources are allocated according to the priorities set by the countryDisaster risk reduction programmes under NCCF can be co-financed by MAFFUNDING SCHEME FOR THE BALI ACTION PLAN
  • A Swiss proposal for global solidarity in financing Adaptation
  • MAF – PREVENTION PILLAR
  • Objective: provide incentives and support for the integration of Adaptationpolicies as an integral part of national and sectoral plans.
  • MAF – INSURANCE PILLAR
  • Objective: preserving/restoring public goods in case of severe weather eventsrelated to climate change.FUNDING SCHEME FOR THE BALI ACTION PLAN
  • A Swiss proposal for global solidarity in financing Adaptation
  • IMPLEMENTATION AND GOVERNANCE
  • Collection of the levy defined by each country, building on its taxation systemScheme reduces the risk of moral hazard (prevention and insurance linked)Allow countries to prepare legislation and fiscal reformsInvolve actors from the private sector (insurance pillar especially)FUNDING SCHEME FOR THE BALI ACTION PLAN
  • A Swiss proposal for global solidarity in financing Adaptation
  • ADDITIONAL WORK
  • How to best integrate the proposed scheme into the negociation process ?How to attract sufficient support to justify a comprehensive assessment ?How to allocate the MAF ressources to the beneficiaries (indicators) ?...
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