With regard to negotiations over modalities for the accounting of climate finance at the Bangkok conference of the United Nations Framework Convention on Climate Change (UNFCCC) from September 4 to 9, 2018, what is the government’s position on: (a) whether, as per Article 9.7 of the Paris Agreement, following the guidelines for reporting climate finance issued to developing country Parties ought to be mandatory of voluntary; (b) whether, as per Article 4(f) of the Bangkok draft negotiation, climate finance ought to be itemized for ‘loss and damage,’ in addition to ‘adaptation,’ ‘mitigation,’ and ‘cross-cutting’; (c) which, if any, of the following elements should be accounted as climate finance given to developing country Parties, as per Article 4(g) of the draft negotiation (i) a non-concessional loan, (ii) an equity, (iii) a guarantee, (iv) insurance; (d) whether, as per Article 4(h) of the draft negotiation, climate finance reporting should include information about the face value and grant equivalent value of the grant element issued to developing country Parties; (e) whether, as per Article 4(m) of the draft negotiation, climate finance should be reported as a net value that deducts for repayment and interests on loans and returns on investments; (f) whether, as per Article 4(t) of the draft negotiation, climate finance reports should comment on how the support is “new and additional”; (g) if the answer to (f) is in the affirmative, what methodology would the government use to distinguish climate finance as an addition to existing international development assistance; (h) whether, as per Article 4(u) of the draft negotiation, climate finance reports should show how support is targeted at the developing country Party’s NDCs or NAPs; (i) whether and what forms of private sector contributions to Canada’s climate finance should be reported under Article 9 of the Paris Agreement, if at all, and whether such reporting would reflect the full face value of the loan and investment guarantees; (j) whether and by what means support for fossil fuel energy ought to be distinguished in a Party’s climate finance reports; (k) whether climate finance should be reported under Article 9 of the Paris Agreement on a project-to-project basis and whether such reporting should include blended finance involving the private sector; (l) what should be done with the information collected under Article 9.5 of the Paris Agreement relating to expected future climate finance; (m) what steps should be taken and what considerations made in setting a new climate finance goal for 2025; and (n) how much will Canada commit to the Green Climate Fund when the fund is replenished?
In the House of Commons on March 18th, 2019. See this statement in context.