Making the Switch

Merrill, Laura; Bridle, Richard; Klimscheffskij, Markus; Tommila, Paula; Lontoh, Lucky; Sharma, Sumita; Touchette, Yanick; Gass, Phil; Gagnon-Lebrun, Frédéric; Sanchez, Lourdes; Gerasimchuk, Ivetta

doi:10.6027/tn2017-537

Cited by 11 publications

(2 citation statements)

References 14 publications

(24 reference statements)

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“…Third, the UNFCCC Secretariat and other supporting bodies could help Parties who want to undertake finance reform access technical expertise, either through capacity building, or by holding technical expert meetings (TEMs) on reforming financial support for fossil fuels (van Asselt & Kulovesi, 2017). By taking these steps, the UNFCCC could build on the work of other forums and international organizations, such as the G20 and G7, that have committed to phasing out inefficient fossil fuel subsidies (Merrill et al, 2017), or the OECD, IEA and International Monetary Fund, which compile detailed information on countries' subsidies on an ongoing basis.…”

Section: Ensure Climate Finance Addresses Fossil Fuel Supplymentioning

confidence: 99%

“…Second, governments can redirect funding currently used to support fossil fuels to meet international climate finance goals. For instance, annual fossil fuel subsidies represent more than six times the 'financing gap' between national pledges and the USD 100 billion goal (Merrill et al, 2017). Redirecting fossil fuel subsidies towards climate financing would have the dual outcome of reducing GHG impacts created by the subsidies, and freeing up funds for low-carbon development.…”

Section: Provide Financial Resources For Developing Countries To Shif...mentioning

confidence: 99%

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Swimming upstream: addressing fossil fuel supply under the UNFCCC

et al. 2018

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Reducing fossil fuel supply is necessary to meet the Paris Agreement goal to keep warming "well below 2°C", yet the Agreement is silent on the topic of fossil fuels. This article outlines reasons why it is important that Parties to the Agreement find ways to more explicitly address the phasing out of fossil fuel production under the UNFCCC. It describes how countries aiming to keep fossil fuel supply in line with Paris goals could articulate and report their actions within the current architecture of the Agreement. It also outlines specific mechanisms of the Paris Agreement through which issues related to the curtailment of fossil fuel supply can be addressed. Mapping out a transition away from fossil fuelsand facilitating this transition under the auspices of the UNFCCC processcan enhance the ambition and effectiveness of national and international climate mitigation efforts. Key policy insights:• The global commitment to limit global average temperature increases to "well below 2°C" provides a strong rationale for Parties to the Paris Agreement and the UNFCCC to pursue a phase-down in fossil fuel production, not just consumption. • Many countries have already made commitments to address fossil fuel supply, by agreeing to phase down coal or oil exploration and production. • Integrating these commitments into the UNFCCC process would link them to global climate goals, and ensure they form part of a broader global effort to transition away from fossil fuels. • The Paris Agreement provides a number of new opportunities for Parties to address fossil fuel production.

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Section: Ensure Climate Finance Addresses Fossil Fuel Supplymentioning

confidence: 99%

Section: Provide Financial Resources For Developing Countries To Shif...mentioning

confidence: 99%