Lima COP20 | CMP 10 / COP20’s Results / 4. COP20 RESULTS IN PERU

4. COP20 RESULTS IN PERU

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Currently, the world is facing a new development paradigm in which Green economy and climate debate are key pieces. Therefore the decisions to be made in December during COP21 in Paris will set a new mid and long term comprehensive perspective for economies and development. Within this framework, Peru is starting its country program to become part of the Organization for Economic Cooperation and Development (OECD), including, among its objectives, its change of energy matrix towards sustainable development.

Likewise, the Lima Climate Summit was not only a key moment to progress towards a climate agreement that will involve all countries in the world, but it also led to results in Peru about facing climate change.

A. TRANSPORTATION FINANCING

The construction of the Lima Metro Line 2 will count on a loan package for US$750 million granted by the Inter-American Development Bank (IDB). The objective is to achieve more sustainable and less polluting transportation, a challenge that the government has been assuming for some years now.

Besides, the urban transportation component that partakes in the National Appropriate Mitigation Actions (NAMA) will receive a US$11.14 million donation from the NAMA Facility center.

B. GREEN PROTOCOL

The “Green Protocol” was implemented to join efforts for sustainable development, environmental preservation and sustainable use of resources. This initiative fosters transition towards a green economy regulating financial services in the country to promote environmentally sustainable investments and projects.
The proposal supports projects to reduce emissions and was submitted by the Ministry of Environment (MINAM) through the National Conservation Program and the representatives from the main banks in Peru, grouped in Peru’s Bank Association (ASBANC), Peru’s Microfinance Institutions Association (ASOMIF) and Agrobanco.

C. 2015/2016 ENVIRONMENTAL AGENDA

The National Environmental Action Agenda, “2015/2016 Agendambiente”, seeks to disseminate the scope and commitments assumed by different institutions in connection to climate change, biological diversity, environmental governance and environmental quality.
The agenda, submitted by MINAM following public consultation, represents the renewal of Peru’s commitment towards national sustainable development, including nature, population and the struggle against climate change, with measures for adapting to and mitigating it.

D. CLEAN ENERGY

COP20 left remarkable progress in clean energy. The National Energy Plan to 2025 was established. It determines the 15% energy efficiency and 60% renewal of energy targets. A half-million solar panel program is needed for isolated populations and a smokeless improved cooker program is needed, among others, to attain these figures.
On the other hand, the “Fund for Geothermal Development in Latin America” -which seeks to catalyze geothermal energy development- was created. The initiative will help to reduce emissions and supply clean electricity to 2 million people. As a result, US$75 million will be supplied for risk mitigation instruments and US$1 billion to finance geothermal projects.

E. RESPONSIBLE AND SUSTAINABLE FISHERIES

The “Ten Commitments for Responsible and Sustainable Fiheries”, promoted by the Ministry of Production, aims at having al actors involved in the fisheries activity and the citizens at large support supervision and control towards responsible fisheries. The objective is t prevent consumption of protected species (dolphins, turtles and sea lions) and respect for temporary bans.

F. MONITORING FOR FOREST CONSERVATION

The Cooperation Memorandum for Forest Conservation in Peru seeks to monitor forests through cutting-edge satellite technology capable of supplying accurate information on deforestation. The agreement, signed between the Ministry of the Environment and the Japan International Cooperation Agency (JICA), aims at contributing with improved policies and measures on forest management and REDD+, strengthening forest monitoring capacity, promoting pilot activities for forest resource sustainable management, and building of local government and community capacities.

G. FUNDING FOR FOREST CONSERVATION:

In a fundamental agreement to progress in climate change debate and targets, during the New York Climate Summit, Peru, Germany and Norway agreed to support the task of reducing greenhouse gas emissions from deforestation and forest degradation in the Amazon regions.
Thus, Norway will contribute with up to 300 million dollars until 2020 to recover degraded forests in the Peruvian Amazon. In turn, Germany will continue with its contribution on climate change.

H. BONDS IN NATIONAL PARKS

It is the first large private investment operation of carbon bonds in an important REDD+ forestation project in the Amazon. The Althelia Fund granted an eight million bond loan for the conservation of forests in the Cordillera Azul National Park (PNCA), located between the Andes and the Amazon, the third largest in Peru.
The fund will be used to finance conservation operations in the park by the Center for Conservation, Research and Management of Natural Areas (CIMA), the NGO which has had the management contract for 20 years. Besides, sustainable agriculture activities will be promoted, such as the production of coffee and cacao, among farmer cooperatives in the park’s buffer zones.

I. LUMBER PACT

Aiming at stopping illegal logging and achieving 100% of lumber production only from legal sources to 2021, the National Lumber Pact obliges government sectors to establish protocols and strategies to certify this asset, both from the point of view of supply and demand.
The agreement, initially signed by representatives from the ministries of Agriculture and Irrigation; Housing, Construction and Sanitation; Production; Transportation and Communication; and Development and Social Inclusion, is now supported by other organizations, institutions and civil society representatives –the Inter-Ethnic Association for the Development of the Peruvian Jungle (AIDESEP), the ministries of Foreign Affairs, Environment, Foreign Trade and Tourism, the National Forest and Wild Fauna Service, Citemadera, WWF, the High Commissioner against Illegal Logging, the National Council for Natural Protected Areas and Conservation International, among others.

J. ENVIRONMENTAL COOPERATION WITH CHILE

The Environmental Cooperation Agreement between Peru and Chile seeks to strengthen capacity building and bilateral dialogue to facilitate compliance with assumed international environmental commitments.
Water, protection of common-interest species, renewable energies and a sustainable economy are some aspects included in this agreement.

K. PACIFIC ALLIANCE DECLARATION ON CLIMATE CHANGE

During COP20, the Presidents of Chile, Colombia, Mexico and Peru made the Pacific Alliance Declaration on Climate Change, where they stated that this one of the largest global challenges and, therefore, requires urgent, concrete and ambitious actions by everybody.
Besides, they pointed out their will to explore and adopt mitigation and adaptation policies, measures and actions at country level, which, at the same time, will contribute to the global effort against climate change, favoring sustainable development with economic growth, social inclusion and poverty reduction.

L. NATIONAL INSTITUTE FOR RESEARCH ON GLACIERS AND MOUNTAIN ECOSYSTEMS

The law that incepts the National Institute for Research on Glaciers and Mountain Ecosystems was enacted during COP20. Its objective is to generate scientific information that will back up activities aimed at improving conservation and sustainable use of glacier and mountain resources with a cross-cutting perspective for adaptation to climate change.

M. RESPONSIBLE INVESTMENT PROGRAM (PIR)

This program promotes responsible investment in the financial sector as a priority to achieve sustainable economic development. It adds value to corporate assessment through private and public players.
The initiative is being undertaken by Grupo Sura, COFIDE and the Lima Stock Exchange and they are backed up by the Ministry of Environment, the Carbon Disclosure Project (CDP), the United Nations Principles on Responsible Investment (UNPRI), the United Nations Sustainable Stock Exchanges (UN SSE) and the Inter-American Development Bank (IDB).

N. GUIDELINES FOR ENVIRONMENTAL COMPENSATION IN THE NATIONAL ENVIRONMENTAL IMPACT EVALUATION SYSTEM (SEIA)

The SEIA guidelines were approved at COP20. This tool is a significant opportunity to contribute to the efforts for conservation and environmental protection and is an important step towards environmental management.

O. MEMORANDUM OF UNDERSTANDING WITH BRAZIL ON COOPERATION FOR PROMOTING SUSTAINABLE DEVELOPMENT AND ENVIRONMENTAL PROTECTION

The Ministries of the Environment of Peru and Brazil signed a memorandum to promote bilateral cooperation towards sustainable development and environmental conservation.
The parties committed to cooperate on managing neighboring or adjacent natural protected areas, sustainably managing natural resources, forest resources, wildlife, climate change, desertification, environment and water, among others.