date: Tue Jan 9 12:54:20 2001 from: Mike Hulme subject: Fwd: Climate Change Adaptation Fund to: e.l.jones,g.watson ..... email from Michael See detailing his plans .................. X-Sender: f031@pop.uea.ac.uk X-Mailer: QUALCOMM Windows Eudora Version 4.3.2 Date: Wed, 29 Nov 2000 16:17:21 +0000 To: Mike Hulme From: Nicola Sheard Subject: Fwd: Climate Change Adaptation Fund From: "michael see" To: Cc: , , , , , , , , , , , , , , Subject: Climate Change Adaptation Fund Date: Mon, 27 Nov 2000 18:05:05 -0000 X-Mailer: Microsoft Outlook Express 5.00.2615.200 27 November 2000 Dear All Proposal for a Climate Change Adaptation Fund to assist countries vulnerable to effects of climate change/global warming - in the presence or absence of Kyoto Protocol ratification / Communication 2 Copies: Dr Klaus Tofper, Mrs Jacqueline Aloisi de Larderel (UNEP); Michael Z. Cutajar (UNFCCC) Dear All, I have met Henderson Investors this afternoon to discuss the proposal. Summary of the meeting with Henderson - 1) Henderson expressed an interest in the proposal 2) It is thought that governments would be the prime donors or investors in the fund, rest would be large corporates 3) Assuming a 70/30 or 60/40 humanitarian aid to investment-driven portfolio, the investment proportion could focus on actual projects or equity investments in quoted companies 4) The next step would be for CARE Denmark to put forward a proposal to Henderson on how CARE and Henderson could work together - and other parties - this could culminate in an application to UNFCCC Bonn for observer status certification of CARE to participate in the negotiating sessions of UNFCCC - i.e. adaptation fund proposition. _________________ My second report is as follows: Proposed format of application by CARE International (Denmark) to UNFCCC - Application for observer status accreditation as a Non-Governmental Organisation in UNFCCC negotiating sessions (a standard form may have to be completed) CDM refers to Clean Development Mechanism (art. 12), ET Emissions Trading (art. 17), JI Joint Implementation (art. 6) CARE operates in 64 developing and underdeveloped countries - its OECD member countries are Australia, Austria, Canada, Denmark, France, Germany, Japan, Norway, UK and USA. The Secretariat is based in Brussels. - strategic locations 22 Least Developed Countries - Asia, Middle East, C&E Europe, South America, Haiti - 44 projects in Africa; 25 projects in Asia; 19 projects Middle East, C&E Europe, 1999 - very strong international reputation and working relationship with developing country governments - capable of influencing both "North" and "South" governments on the concept of a global climate change adaptation fund - irrespective of Kyoto Protocol - i.e. if mandatory contributions from KP's flexible mechanisms not forthcoming, voluntary donations could finance fund - many blue chip companies could contribute to market their global citizen image - CARE Denmark is to employ two personnel in December - part of their remit is to look at the impact of climate change in developing countries - CARE International's global presence enables supply of real-time information on the impacts of climate change in LDCs and developing countries (a) to construct a vulnerability index - humanitarian and social-economic-linked - which can be combined with weather effects data from the Tyndall Centre (b) act as processing centre for the deployment of humanitarian aid once a major climatic disaster is reported - the needs basis may have to be jointly approved by the UN/UNFCCC/UNEP. ________________ Henderson Investors (Australian Mutual Provident) - strengths - global presence - formerly NPI, which had links with UNEP in developing a CO2 indicator highest position in global investment trust league table in UK for six consecutive years portfolio of global funds linked to ethical, socially responsible, sustainable and environmental investments Strategic locations - Asia, South America, Middle East, North America, Europe ___________________ Rothschilds - strengths - fund management, project financing - operates in 28 countries worldwide - MD has expressed keen interest in global warming issues and emissions trading - strategic locations Papua New Guinea - for South Pacific islands-at-risk from sea-level rise Cayman Islands, Bermuda, Mexico - for Caribbean islands-at-risk from climate change effects Zimbabwe, South Africa - coverage of mid to Southern Africa - M. See suggests Rothschilds make contact with Emily Massawa, Climate Change Coordinator/Kenya: [1]climate@nbnet.co.ke China - scene of recent floods, Yangtse river Singapore - possible centre of coordination of aid to countries to Indonesia - El Nino effect - and LDC countries Laos, Cambodia, Nepal, Bangladesh, Afghanistan, and India. Malaysia - KL has hosted two conferences on international emissions trading ____________________ FondElec Group - fund manager for Dexia(France)-EBRD's programme of financing energy projects in EBRD member countries - such projects capable of delivering carbon credits, enhance returns. Headquarters in Stamford, Connecticut. Strategic locations - EBRD member countries, particularly Central Asia, which are susceptible to effects of climate change Posible visit by M. See to FondElec 26/27 February 2001, 3rd US Power Finacing Conference, New York, in which M. See invited to speak on emissions project financing. ___________________ Friends Ivory Sime M. See met Oliver Karius in June 2000. Ethical unit headed by Craig Mackenzie. strengths - portfolio of ethical, socially responsible, sustainable and environmental investments - UK and collaboration with ethical investment companies in North America - working relationship with several NGOs __________________ Asian Development Bank - recent contact with Satish Rao, Energy Division. ADB covers Asia-Pacific countries including Central Asia - possible liaison centre with regard to project financing or aid support for countries afected by climate change ABN-Amro - Singapore branch's Bruce Macfarlane has taken an interest in Kyoto Protocol projects - possible liaison with ADB, Rothschilds in project financing, fund management - international bank with strong equities division Tyndall Centre for Climate Change Research, University of East Anglia - leading centre for climate change research, other is Hadley Centre, Oxfordshire - ability to present past records and forecast future trends of climate change events - possible compilation of a (developing) country-by-country vulnerability to climate change index - Dr Mick Hulme is one of the senior staff members ____________________ Relevant linkages to strengthen CARE's application - M. See sector (other entities encouraged to submit their linkages in Communications 3 and to Niels Tofte, Director CARE Denmark) Netherlands - M. See has made contact with Jan Pronk, Environment Minister - possible talk by M. See on CDM/ET/Adaptation Fund in Amsterdam, 14 December. The Dutch government announced a sizeable contribution to developing countries/climate change projects at COP 6. China - M. See made contact with Chairman, China Association for CO2 Control, Zhejiang Indonesia and Malaysia - M. See invited for CDM/ET seminars by Environmental Ministers Russia - M. See invited for JI/ET/CDM seminar by Russian Ecological Congress, 7 December Caribbean Community and Common Market - M. See made contact with CARICOM Secretariat South Pacific Islands - M. See contact with Just World Partners, UK NGO with relief operations Standard information accompanying Communications, regularly updated - Entities with interest in the Adaptation Fund and broader aspects of the Kyoto Protocol's flexible mechanisms; market and economic instruments to combat climate change NGO CARE International - headed by CARE Denmark/Niels Tofte and Switzerland/Graham Miller - headquarters in Brussels/Tom Hurley - coordination UK/Simon Llewellyn Proposed Backup Team to CARE - list to date (additions to list requested from current list names) Henderson Investments - Mark Campanale, Mike Shaw, James Giuseppi N.M. Rothschilds - Simon Linnett, Dena Bellamy Friends Ivory Sime - Craig Mackenzie, Oliver Karius Dexia FondElec - Georges Sorenson ABN Amro - Bruce Macfarlane Asian Development Bank - Satish Rao Tyndall Centre for Climate Change Research - Mike Hulme CARE, the group leader - supported by skills of financial and scientific advisers - would make the application to UNFCCC/Bonn to participate in negotiations with regard to the adaptation fund. _____________________ Next step forwards 1) All entities to make contact with each other, and with Niels Tofte, CARE Denmark. 2) Niels Tofte, CARE Denmark, to request observer status application form UNFCCC Bonn, referring to Dr Klaus Topfer's facsimile letter to M. See of 24 November 3) Niels Tofte to comunicate with CARE International Secretariat, and with all entities in this current communication, to seek best way of completing the observer status app. form. Best regards. Michael See - I can act as "funnel" or catalyst for all communications - feel free to contact me. Director, Euro-Asia Pac Corp Ltd (author, Greenhouse Gas Emissions - Global Business Aspects, Bertelsmann Springer, 2001) T: 00-44-20-7638-2019 F: 00-44-20-7256-6930 E: euro_asiapac@email.com E: michael@greenpac.freeserve.co.uk