UN official in charge of climate talks warns world is running out of time.

RTCC.com: “A draft text for a global climate change treaty set to be agreed in 2015 will be presented to governments as early as November this year, according to the UN official in charge of negotiations.”
“Christiana Figueres, Executive Secretary of the UN’s Framework Convention on Climate Change (UNFCCC) expects work on what is guaranteed to be a controversial deal to start in little over 12 weeks time, giving diplomats seven months to flesh out proposals before the main climate summit of 2014 opens in Lima on December 1.
“In March we will have a session of the Durban Platform [2015 deal talks] that will begin to look at what is the content of the agreement of 2015 going to be, and will be preparation for the draft agreement that will be out on the table as governments go to Lima, so not as a result of Lima but as they go to Lima,” she told RTCC in an interview.
….“Not coming to an agreement is unacceptable – there’s just no way,” she says. “We don’t have the option of not coming to an agreement, and frankly we don’t have an option of not coming to an agreement that is meaningful.”
The litmus test for how well negotiations are faring will take place this September in New York, where Ban Ki-moon is set to host national, business and civil society leaders for a ‘Climate Summit’ ahead of the 2014 General Assembly.
Ban appointed John Kufuor, former President of Ghana, and Jens Stoltenberg, former Prime Minister of Norway as his climate envoys ahead of Christmas, and called for the gathering to be filled with “bold announcements and action.”
….Figueres stresses the meeting will not be a formal part of the UNFCCC negotiations, but says Ban’s ability to coax “political delivery” out of leaders will be important, and hopes those attending will feel able to “offer solutions”.
“2014 is critical, we expect countries to be doing their homework,” she says. “That’s the domestic analysis that each country needs to do to determine what is the highest contribution they can make to the global effort that they will make public through 2014, and some in 2015.”
Funding for low carbon growth remains a concern. While a recent meeting in Warsaw did see increased flows of funds for forests, adaptation and the Least Developed Countries, the wider picture remains bleak.
Research from the London-based Overseas Development Institute (ODI) showed 2013 climate finance pledges were 71% lower than the previous year, way off the $100 billion a year rich nations have pledged to deliver by 2020.
The Green Climate Fund, which is set to open its doors to investors in May 2014, will have a role in changing that situation. So will private sector investors, who Figueres sees as a valued ally.
“It is these asset managers and asset owners that can truly make a difference in where substantial capital is going to flow over the next 10-20 years”, she says, adding that the “business continuity implications of climate are becoming clearer … the risks of stranded assets and low return are becoming more evident.”
Illustrating the UN’s commitment to engaging with business, Figueres points to an investor’s summit with 500 global financial leaders in New York she will attend on January 15, followed by the World Economic Forum in Davos at the end of the month, where a full day is being dedicated to climate change.”