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12 CCLR 332 (2018)
Latin America and the Caribbean

handle is hein.journals/cclr2018 and id is 367 raw text is: 332 | Current Developments in Carbon & Climate Law Current Developments in Carbon & Climate Law Latin America and the Caribbean Natascha Trennepohl* 1. Summary of Developments Leading up to the recent COP24 discussions on en- hancement and implementation of NDCs, countries in the Latin America and the Caribbean region have continued to engage in discussions with multiple stakeholders on climate change, the low carbon econ- omy, market mechanisms and climate financing. In Colombia, the Congress approved Law 1931/2018 in July, which establishes the guidelines for the management of climate change and aims to re- duce the vulnerability of the population and set a path towards a competitive, sustainable, and low car bon economy. The law sets a general framework which establishes several principles to guide its im- plementation, such as self management, joint re- sponsibility, cost-benefit, integration, prevention, cost-effectiveness, subsidiarity, etc (Article 2). It cre- ates the National Council on Climate Change as a per manent consultative body of the Intersectoral Com- mission on Climate Change (CICC) to support an ef fective coordination between the Commission, social organisations and Congress, regarding the manage- ment of climate change in Colombia (Article 5). It al- so creates the National System of Information on Cli- mate Change (SNICC) expected to contain data to support decision-making on the management of cli- mate change, which will have the National Registry of GHG Emissions Reduction (RENARE) as one of the instruments for management of information on mitigation measures (Article 26). In August 2018, Uruguay hosted the Latin Ameri- ca and Caribbean Climate Week (LACCW), which fol- lowed the Africa Climate Week hosted in Kenya in April and the Asia Pacific Climate Week hosted in Singapura in July. These forums are part of an impor tant set of political discussions happening prior to COP24 in Poland. They bring together governments, the private sector, and other non-state stakeholders to discuss challenges and opportunities across a re- gion, promoting a platform for the mobilization and participation of local actors on the common goal of enhancing climate action. As an example of what Pa- tricia Espinosa, the Executive Secretary of UN Cli- mate Change, has called 'inclusive multilateralism', these forums add more voices to the discussion and enable non-state actors to have a seat at the table and discuss ideas on how national governments can im- prove their emission reduction targets. The LACC Week addressed topics such as innovations on trans- portation, circular economy, carbon pricing, adapta- tion, realignment of finance flows, links between markets and the Sustainable Development Goals, as well as showcased actions to reduce GHG emissions and build climate resilience in the region. With this spirit of multiple stakeholders coming together to accelerate action and the transition to low carbon societies, a global partnership called Alliances for Climate Action (ACA) was also launched in Au- gust to articulate and strengthen support for local ac- tors. The partnership was initially composed of do- mestic coalitions from Mexico, Japan, and the US. It is worth mentioning that the Mexican alliance (Alian- za para la Accidn Climatica de Guadalajara) encom- passes more than 35 Mexican entities, including com- panies, civil society, academia, and regional govern- ments, and has committed to closely working with the national government to expedite the implemen- tation of Mexico's pledge to the Paris Agreement (ie a 22% reduction in GHG emissions by 2030 or, in case of international support, a 36% reduction). Lat- er, in November, the alliance in Argentina was launched (Alianza para la Accidn Climdtica Argenti- na), which aims at implementing joint and coordi- nated actions to contribute to the fulfillment of the NDC pledges submitted by the country. In addition to the alliance, Mexico concluded the simulation of its carbon market, which brought to- DOI: 10.21552/cclr/2018/4/8 Natascha Trennepoh is a Ph.D Candidate at the Humboldt Univer- sity, Berlin, Germany. For Correspondence: <natdt@hotmail.com> 1 The simulation was launched in 2017. CCLR 4|2018

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