THE PRE CONFERENCE OF BOLIVIAN INDIGINEOUS PEOPLES AND SOCIAL ORGANIZATIONS ON CLIMATE CHANGE AND THE RIGHTS OF MOTHER EARTH (PCPCCDT), emphasizes that there are funding commitments assumed by Annex 1 countries of the UN Framework Convention on Climate Change (UNFCCC) that come from these countries responsibility on their greenhouse gases historical emissions, which have caused climate change and its adverse effects, threatening the survival of Mother Earth and condemning millions of people to a poor and deprived life.
It emphasises the failure of the model implemented to accomplish the commitments to finance climate change costs in developing countries leading to a non-fulfilment by developed countries.
It stresses that the amount of financial and technological resources addressed so far to the funding commitment is minimal and inadequate in relation to what is actually needed in developing countries to tackle climate change.
It reasserts that carbon market is not a source of financing for developing countries given that it does not ensure:
an equitable distribution or a continuous flow of resources
a necessary scale of resources to fight climate crisis
a convenient availability or direct access to resources.
This has given rise to promote economic interests of a few at the expense of the greater good of the peoples of the World and the fast increase of climate change and its negative impacts.
It demands developed countries to comply with their financing commitments and the compensation of their historical climate debt to developing countries in defense of the Culture of Life and Mother Earth.
It demands the provision of new, additional, adequate and predictable financial resources from public source equivalent to a minimum of 6% of GDP from developed countries to ensure the availability, timeliness and adequacy of resources in a flexible and transparent way towards developing countries to cover the costs they incur in order to fight climate change.
It highlights that the implementation of a new and effective financial mechanism is required to ensure compliance with the commitments assumed by Annex 1 countries, referring to the financing of new and additional resources to cover costs incurred by developing countries to tackle climate change and allow the payment of historical climate debt.
- This mechanism must operate under the authority and guidance of the Conference of Parties to the UNFCCC (COP) in order to ensure equality of sovereign countries when making decisions about the use of resources.
- The mechanism should have an equitable presentation of the UNFCCC Parties, with a special participation of developing countries that are most affected by climate change without causing this problem.
The role of this mechanism should have advisory and operational functions, in a way that permits a dynamic and appropriate flow of resources to fight climate change in developing countries.
A binding Monitoring, Review and Verification system should be established in order to comply with funding commitments, according to the principle of common but differentiated responsibilities.
All financial resources managed within the financial mechanism fund, must come from developed countries, which assumed their respective commitments under the UNFCCC.
It requires the quantification of climate debt through the Climate Justice Tribunal.
It demands to strengthen, improve and streamline channels of bilateral and multilateral cooperation, to finance the costs involving climate change until the financial mechanism works effectively.
It stresses that the provision of these resources should be based on donations and subsidies, not on loans or carbon market, demanding direct access to them by developing countries because financing is an obligation of developed countries.
It rejects the pre-allocation of resources based on conditions and indicators developed outside the UNFCCC.
It demands that funds for militarism, war and arms build-up are re-directed to fight climate change, thus promoting the Culture of Life.
It rejects the process that is being followed to legitimize the document known as “Copenhagen Accord”, which is not a decision of the COP, but a document simply noticed in the Danish capital.
It emphasizes that the elements referred to funding contained in the “Copenhagen Accord” do not respond to the real needs of developing countries to tackle climate change. It rejects as well any attempt to stream financial resources to fight climate change through this document.
It demands to all UNFCCC Parties to seek compliance with the funding commitments of Annex 1 Parties, trough the ‘Route’ of the Bali Action Plan process under the UNFCCC and deplores other exclusivist and non-transparent processes outside the Convention already denounced in Copenhagen, which will not be recognized.
It emphasizes that financial resources used to accomplish funding commitments will be used for culture of life and in defense of the rights of Mother Earth.