178x Filetype PPTX File size 1.51 MB Source: www.un.org
NDC Synthesis Report, November 2021 • Information from 164 NDCs (191 Parties as of July 2021) • Domestic mitigation measures for renewable energy generation most frequent followed by energy efficiency improvement; • Technology needs for adaptation and mitigation actions include energy-efficient appliances, renewable energy technologies, climate smart agriculture; • Gender responsive climate action in the context of energy, agriculture, water, land use and forestry, fisheries cited; • Many adaptation components included measures for protecting coastal and low-lying areas, including river deltas, and addressing sea level rise, erosion and saltwater intrusion; • A few Parties identified how their mitigation action can generate adaptation co-benefits e.g. using renewable energy can also enhance energy security and access to water and reduce pollution. • Source: Nationally determined contributions under the Paris Agreement, Synthesis report by the secretariat (November 2021) 2 Adaptation in NDCs • Freshwater resources identified as priority, enhancing availability, efficiency and quality of water supplies including building water infrastructure and water resource plans, strategies and systems • Strengthen watershed management, efficiency of water use and irrigation. • Integrated water resources management, protection and restoration of water-related ecosystems such as forests, wetlands and rivers, and supply diversification 3 The net-zero transition: What it would cost, what it could bring • 85% of todays emissions are from energy usage • Capital spending on physical assets need to rise by $3.5 trillion/yr to a total of $9.2 trillion/yr for the next 30 years • Equivalent to half of the current annual corporate profits Source: McKinsey (2022) 4 Lessons from Clean Development Mechanism • POAs enabled participation of household energy projects under the CDM since 2012 • 73 registered clean cookstoves PoAs and 527 CPAs (30 million CERs issued) Evolution of Carbon pricing- >85 Billion USD per year revenue • Carbon markets rapidly growing • Article 6 of the Paris Agreement paves way for 2 new market mechanisms (6.2 co-operative approaches and 6.4 mechanism) • Low share of mitigation projects in Water-energy intersection (e.g. efficient irrigation) • Capacity building including for monitoring, reporting and verification needed 6
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