Mitigation of climate change funding in west africa
Contenu
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Titre
Mitigation of climate change funding in west africa
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Description
Although they are low emitters, West African countries are invited, like all Parties to the UNFCCC, to reduce their Greenhouse Gases (GHGs) emissions, according to their national capacities and circumstances. Mitigation in developing countries is promoted by the UNFCCC with three tools: Nationally Appropriate Mitigation Actions (NAMAs), Clean Development Mechanism (CDM), and Intended Nationally Determined Contributions (INDCs). NAMAs are voluntary for developing countries and can cover a variety of sectors: energy, transport, forestry, etc. They are published by the UNFCCC, with the objective to attract funding from the international community. However, so far, they are no specific guidelines neither dedicated funding. Up to now, only 15 countries have submitted NAMAs to the UNFCCC, and among them, Mali is the only one from the CILSS/ECOWAS area. The CDM allows developed countries to meet part of their commitments by financing emission reduction projects in developing countries. Many limitations explain that these projects have benefited little to Africa: carbon price fluctuations, complexity of the procedures, high transaction costs, complicated rules for reforestation, etc. Finally, the concept of INDC is very recent and it is not yet clear how these contributions will be supported. The opportunities offered by the UNFCCC for financing adaptation and mitigation actions are tenuous: the target of 100 billion US$/year by 2020 is not credible in the absence of short-term financing and the Green Climate Fund, key element of the financial mechanism of the UNFCCC, is still not operational. However, outside of the UNFCCC, fundings are available for mitigation, especially in the agriculture and forest sectors: Forest Carbon Partnership Facility (FCPF), Forest Investment Programme (FIP), Global Alliance against Climate Change (GCCA), International Climate Initiative of Germany (ICI), and Japan Initiative for Fast-Start Actions. In the short term, the West African countries could better benefit from the CDM, by advocating for its adaptation to their national circumstances, as well as from the NAMAs, by requesting the development of guidelines and dedicated funding. In the medium and long term, in the absence of tangible prospects under the UNFCCC, the integration of mitigation-related goals in the "traditional" projects of donors would probably remain the most obvious opportunity to finance the mitigation in West Africa.