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COP27 IETA update: Day 8

14 Nov 2022 10:11 PM | Anonymous member (Administrator)

Day 8: 14 November 2022

COP27 president Sameh Shoukry addresses the plenary on 14 November

COP27 president Sameh Shoukry told negotiators he expects "very few issues to remain open by the evening of Wednesday 16 November". Photo via UNFCCC Photo Desk/Flickr

Week 2 began on a businesslike note. At a 10-minute stocktaking plenary on Monday morning, COP President Sameh Shoukry said “there is still a lot of work ahead of us if we are to achieve meaningful and tangible outcomes.”
 
With many of the work streams still mired in bracketed text and entrenched positions, President Shoukry gave negotiators a deadline of Tuesday night to reach agreement on outstanding issues, after which he said ministerial leadership will be required.
 
“I expect very few issues to remain open by the evening of Wednesday 16 November,” he warned.
 
On our focus topic, Article 6, the President asked the co-facilitators from the week 1 sessions to continue to shepherd talks on Articles 6.2 and 6.4, in an effort to bridge differences on the issues we’ve highlighted over the past few days.
 
On Article 6.2, President Shoukry re-appointed Kuki Soejachmoen of Indonesia and Peer Stiansen of Norway to facilitate the discussions, while for Article 6.4 Australia’s Kate Hancock and Sonam Tashi of Bhutan will continue to lead the talks.
 
Hancock and Tashi will also facilitate ongoing talks regarding CDM transition issues.
 
In the first Article 6.2 meeting of the week, delegates focused on emissions reporting tables and the agreed electronic format for such reports.
 
Parties were divided between requiring more detailed tables with comprehensive information, or a simpler layout with less information.
 
Unique Identifiers for tracking ITMOS were also extensively discussed, with many parties pointing out that they would need time to test tables before agreeing on that.
 
The Article 6.2 contact group was scheduled to hold an “informal informal” meeting to discuss registries and infrastructure from 2000 hrs to 2200 hrs on Monday night.
 
A first contact group on Article 6.4 this morning worked to identify areas of disagreement and the co-facilitators were asked to prepare bridging proposals in an effort to unlock progress.
 
This meeting also saw robust pushback from a number of Parties on the Article 6.4 Supervisory Body’s guidance text on removals, and it’s likely that this draft decision will not be approved by the CMA and will instead be referred back to the Supervisory Body for more work.
 
Several developed countries cautioned, “we need to do it right, not fast”.
 
The Article 6.4 group was scheduled to meet in an “informal informal” setting from 2200 hrs to 2300 hrs on Monday night to discuss the mechanism registry.
 
There was also an “informal informal” scheduled for the Article 6.8 contact group from 1900 hrs to 2000 hrs, to discuss the proposed work programme.
 
We’ll bring you news of the late night sessions in tomorrow’s briefing
 
Kind regards,
 
Alessandro

IETA COP27 Business Hub news

Tuesday’s programme of events at the IETA Business Hub begins at 0930 hrs, with the European Bank for Reconstruction and Development leading a session on Green City Action Plans to showcase the leadership of African cities. Speakers from the EBRD and African jurisdictions will participate.
 
At 1030 hrs, EPRI hosts an event looking at the role of emerging technologies such as hydrogen and direct air capture and their potential to contribute to global decarbonisation.
 
The Global CCS Institute makes a second visit to the Hub at 1200 hrs to discuss the role of financial organisations and carbon markets in driving and accelerating investment in carbon capture.
 
The Edison Electric Institute joins us at 1330 hrs to discuss recent US climate-facing legislation and how it can accelerate deployment of new low and zero-emitting clean energy technologies for the electric power sector.
 
The US Chamber of Commerce hosts an event at 1500 hrs featuring speakers from the Department of Energy, the Atlantic Council, Duke Energy, NuScale, Honeywell and Baker Hughes to highlight the investments, technologies and enabling policy frameworks necessary to accelerate the energy transition.
 
IPIECA take over at 1630 hrs to discuss how the oil and gas sector can support levers of a net-zero future in the Global South. Speakers will explore the themes of technology/innovation, finance/adaptation, just transition, and nature based-solutions/biodiversity.
 
Our final event at 1800 hrs on Tuesday is presented by Akin Gump and PAGE, focusing on coal-to-gas switching through the use of US LNG.

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