Addressing the Needs of Vulnerable Communities Globally in U.S. Climate Legislation
Global Need for Climate Relief World
Bank: $10$10-40 billion
Oxfam:
$50 billion, including impacts on existing stock of natural and physical capital, unplanned investments, and communitycommunity-level adaptation
U.S. Contributions to International Adaptation Assistance
UN Framework Convention on Climate Change Least Developed Countries Fund $0 Special Climate Change Fund $0 Kyoto Protocol Adaptation Fund $0
NEW AND ADDITIONAL FUNDING IS NEEDED
Key Opportunity in U.S. Climate Legislation
Cap and trade system – carbon permits are traded Carbon permits can be provided in 2 ways Given away (allocated) Auctioned Auctioning is most equitable approach Auction revenue could fall between $50$50-150 billion – use portion of revenue for international adaptation/resilience
Providing Assistance to Vulnerable Communities Globally
Provide funding to multilateral funds under the oversight of the UN Framework Convention on Climate Change or postpost-2012 Kyoto successor agreement Transparent governance structure and accountable reporting Strong, democratic participation of developing country governments and locally affected communities Credible civil society organizations are partners in any funded projects or programs
What would assistance look like?
Programs ensuring robust civil society participation in planning and implementing adaptation activities Developing and implementing national adaptation programs of action (NAPAs) for least developed countries Assisting local communities in developing alternative livelihoods with full input of those communities Improving disaster risk reduction strategies and projects and mainstreaming them Assistance for communitycommunity-level adaptation efforts and for “climate“climate-proofing” infrastructure Protecting ecosystems and natural resources