We’re back in the ICC this morning, as talks failed to wrap up as planned last night. The mood here is a bit more optimistic (and also a bit more sleepy) than last night, when countries rejected a draft text that many saw as too weak, which put off a new legal regime until 2020 and only weakly supported the continuation of the Kyoto Protocol.
Last night (or this morning!), the Ministerial Indaba (informal meeting to consider the entire package) broke up around 2am, with ministers turning at that point to consider the KP text. A new LCA text was supposed to be available at 6am this morning, and ministers were expected to reconvene the Indaba around 9 or 10 am. The COP closing plenary will presumably get started when the Indaba lets out. For more on what happened last night, check out Séb’s excellent summary.
The text that is currently on the table calls for the launch of an Ad Hoc Working Group with a mandate to negotiate a new legal instrument, to be completed “as soon as possible” and no later than 2015, and to be adopted at COP21. Kelly Rigg, Executive Director of GCCA, argues that the new bigger picture text is much stronger than what was on the table last night, but that it may be “too strong” for the US and other major emitters like China. The Green Climate Fund still has two outstanding issues-where the Fund will be located, and some brackets remaining in the text-but Oxfam International’s Tim Gore suggests that “once the whole package comes together it’s going to sail through no problem.”
The problem of course is that ministers still need to consider the texts as an entire package of decisions, and there is little chance that one piece will move without all of the others. On the other hand, this means that negotiators may have some wiggle room to work out a final bargain today.