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COP31 presidency note puts finance and fossil fuels on the table

COP31 presidency note puts finance and fossil fuels on the table

Climate negotiators at COP31 have been presented with an early summary of countries’ ideas for a possible conference-wide decision, bringing adaptation finance, the shift away from fossil fuels and a proposed electrification target into the same discussion.

The COP31 presidency’s note, dated 13 November, reflects views expressed during consultations earlier in the week in Antalya, Türkiye. It is a starting point for discussion, not a negotiating draft or a statement that governments have agreed to the measures it lists.

The presidency says the summary does not indicate how widely any idea is supported. Some were raised by several parties and others by only a few. Countries have also expressed different views on which subjects belong in the proposed decision.

A first draft of the overarching decision is expected early next week, after governments have had an opportunity to respond. What remains in that draft, and whether countries ultimately reach agreement on it, is still to be decided.

Finance and the cost of adapting

The note places finance for adapting to climate impacts among the issues governments want to discuss. Adaptation covers the steps communities and countries take to prepare for and manage the effects of a changing climate.

Some contributions point to unmet finance pledges, pressure on public funding and the need for a substantial increase in adaptation finance. The summary also records calls for support that is predictable, concessional and accessible, including grants. Those descriptions represent views put forward in consultations, rather than new money already committed at Antalya.

One line of discussion concerns follow-up on efforts to triple adaptation finance by 2035. Ideas in the note include establishing a baseline, setting milestones and tracking progress towards delivery. A baseline would provide a starting point against which a future increase could be assessed; milestones would offer a way to examine progress before the target date.

Access matters alongside the overall amount. The note includes requests to simplify access to finance for developing countries, including small island and least developed states. It also refers to replenishment of climate funds and to debt clauses and other instruments that do not add to debt. None of these ideas has been settled by appearing in the summary.

Energy proposals on the table

The presidency is also weighing how to reflect the role of electricity and the transition in energy systems. An idea included in the note would increase electricity’s share of global final energy use to 35 per cent by 2035, alongside faster development of renewable energy, efficiency, electricity grids and storage.

The summary also refers to different national circumstances and the need for finance and other support. Those qualifications matter because a global target would affect countries with very different energy systems and resources. Increasing the share of electricity used is a separate question from deciding how that electricity is generated.

The note includes a reference to continuing implementation of a previous global climate agreement’s call to transition away from fossil fuels in energy systems and phase out inefficient fossil fuel subsidies. It also records the idea of welcoming the previous COP presidency’s roadmaps on fossil fuels and forests. Their inclusion in a list of views does not make them a new obligation.

In consultations on the cover decision, the European Union called for the outcome to address the challenges of implementing the earlier global stocktake, including the transition away from fossil fuels. The African Group opposed setting an electrification target without specifying the support needed to carry it out. The Arab Group raised objections to top-down sectoral targets and energy pathways.

Overshoot, mountains and the next stage

The possible effects of exceeding 1.5°C of global warming are another theme. Ideas recorded by the presidency include limiting the scale and duration of any overshoot, reducing emissions and improving resilience. They are suggestions for the decision’s contents, not an agreed assessment that every country endorses the same response.

The summary also includes a possible dedicated work programme for mountain regions, addressing gaps in finance and capacity while improving understanding of climate impacts. Mountain countries have sought more focused attention on risks to their ecosystems and communities.

Some parties have argued that the cover decision should add value without duplicating or prejudging negotiations already taking place under other agenda items. That question sits alongside the substance of the proposals: governments must decide both what to say and which matters should be handled elsewhere.

The conference is scheduled to end on 20 November. Until a draft is produced and negotiated, the reflections show the range of ideas being considered rather than the outcome of the talks.

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