date: Tue Jan  9 12:54:20 2001
from: Mike Hulme <m.hulme@uea.ac.uk>
subject: Fwd: Climate Change Adaptation Fund
to: e.l.jones,g.watson

   ..... email from Michael See detailing his plans ..................

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     Date: Wed, 29 Nov 2000 16:17:21 +0000
     To: Mike Hulme <m.hulme@uea.ac.uk>
     From: Nicola Sheard <n.sheard@uea.ac.uk>
     Subject: Fwd: Climate Change Adaptation Fund

     From: "michael see" <michael@greenpac.freeserve.co.uk>
     To: <agnes.atsiaya@unep.org>
     Cc: <secretariat@unfccc.int>,
             <unepie@unep.fr>,
             <Niels@care.dk>,
             <caregva@iprolink.ch>,
             <Tom.Hurley@care-international.org>,
             <llewellyn@uk.care.org>,
             <gsorenson@fondelec.com>,
             <hsrao@adb.org>,
             <tyndall@uea.ac.uk>,
             <mike.shaw@henderson.com>,
             <mark.campanale@henderson.com>,
             <simon.linnett@rothschild.co.uk>,
             <dena.bellamy@rothschild.co.uk>,
             <bruce.macfarlane@ap.abnamro.com>,
             <craig.mackenzie@friendsis.com>
     Subject: Climate Change Adaptation Fund
     Date: Mon, 27 Nov 2000 18:05:05 -0000
     X-Mailer: Microsoft Outlook Express 5.00.2615.200
     27 November 2000

     Dear All

     Proposal for a Climate Change Adaptation Fund to assist countries vulnerable to effects
     of climate change/global warming - in the presence or absence of Kyoto Protocol
     ratification

     / Communication 2


     Copies: Dr Klaus Tofper, Mrs Jacqueline Aloisi de Larderel (UNEP); Michael Z. Cutajar
     (UNFCCC)


     Dear All,

     I have met Henderson Investors this afternoon to discuss the proposal.

     Summary of the meeting with Henderson -

     1) Henderson expressed an interest in the proposal
     2) It is thought that governments would be the prime donors or investors in the fund,
     rest would be
         large corporates
     3) Assuming a 70/30 or 60/40 humanitarian aid to investment-driven portfolio, the
     investment
         proportion could focus on actual projects or equity investments in quoted companies
     4) The next step would be for CARE Denmark to put forward a proposal to Henderson on how
         CARE and Henderson could work together - and other parties - this could culminate in
     an
         application to UNFCCC Bonn for observer status certification of CARE to participate
     in the
         negotiating sessions of UNFCCC - i.e. adaptation fund proposition.

                                        _________________


     My second report is as follows:

     Proposed format of application by CARE International (Denmark) to UNFCCC -
     Application for observer status accreditation as a Non-Governmental Organisation in
     UNFCCC negotiating sessions (a standard form may have to be completed)

     CDM refers to Clean Development Mechanism (art. 12), ET Emissions Trading (art. 17), JI
     Joint Implementation (art. 6)

     CARE operates in 64 developing and underdeveloped countries - its OECD member countries
     are
     Australia, Austria,  Canada, Denmark, France, Germany, Japan, Norway, UK and USA. The
     Secretariat is based in Brussels.

     - strategic locations
        22 Least Developed Countries - Asia, Middle East, C&E Europe, South America, Haiti
     - 44 projects in Africa; 25 projects in Asia; 19 projects Middle East, C&E Europe, 1999
     -  very strong international reputation and working relationship with developing country
     governments
     -  capable of influencing both "North" and "South" governments on the concept of a
     global climate
        change adaptation fund - irrespective of Kyoto Protocol - i.e. if mandatory
     contributions from
        KP's flexible mechanisms not forthcoming, voluntary donations could finance fund -
     many blue
        chip companies could contribute to market their global citizen image
     -  CARE Denmark is to employ two personnel in December - part of their remit is to look
     at the
        impact of climate change in developing countries

     -  CARE International's global presence enables supply of real-time information on the
     impacts of
        climate change in LDCs and developing countries
                     (a) to construct a vulnerability index - humanitarian and
     social-economic-linked - which
                          can be combined with weather effects data from the Tyndall Centre
                     (b) act as processing centre for the deployment of humanitarian aid once
     a major
                          climatic disaster is reported - the needs basis may have to be
     jointly approved
                          by the UN/UNFCCC/UNEP.

                                        ________________


     Henderson Investors (Australian Mutual Provident) -

     strengths -
        global presence - formerly NPI, which had links with UNEP in developing a CO2
     indicator
        highest position in global investment trust league table in UK for six consecutive
     years
        portfolio of global funds linked to ethical, socially responsible, sustainable and
     environmental
        investments

     Strategic locations - Asia, South America, Middle East, North America, Europe

                                       ___________________

     Rothschilds - strengths - fund management, project financing - operates in 28 countries
                                            worldwide

     - MD has expressed keen interest in global warming issues and emissions trading

     - strategic locations
       Papua New Guinea - for South Pacific islands-at-risk from sea-level rise
       Cayman Islands, Bermuda, Mexico - for Caribbean islands-at-risk from climate change
     effects
       Zimbabwe, South Africa - coverage of mid to Southern Africa - M. See suggests
     Rothschilds
       make contact with Emily Massawa, Climate Change Coordinator/Kenya:
     [1]climate@nbnet.co.ke
       China - scene of recent floods, Yangtse river
       Singapore - possible centre of coordination of aid to countries to Indonesia - El Nino
     effect - and
       LDC countries Laos, Cambodia, Nepal, Bangladesh, Afghanistan, and India.
       Malaysia - KL has hosted two conferences on international emissions trading

                                      ____________________

     FondElec Group - fund manager for Dexia(France)-EBRD's programme of financing energy
     projects in EBRD member countries - such projects capable of delivering carbon credits,
     enhance returns.
     Headquarters in Stamford, Connecticut. Strategic locations - EBRD member countries,
     particularly Central Asia, which are susceptible to effects of climate change

     Posible visit by M. See to FondElec 26/27 February 2001, 3rd US Power Finacing
     Conference,
     New York, in which M. See invited to speak on emissions project financing.

                                       ___________________



     Friends Ivory Sime

     M. See met Oliver Karius in June 2000.
     Ethical unit headed by Craig Mackenzie.

     strengths
     - portfolio of ethical, socially responsible, sustainable and environmental investments
     - UK and collaboration with ethical investment companies in North America
     - working relationship with several NGOs

                                       __________________



     Asian Development Bank - recent contact with Satish Rao, Energy Division.
     ADB covers Asia-Pacific countries including Central Asia - possible liaison centre with
     regard
     to project financing or aid support for countries afected by climate change

     ABN-Amro - Singapore branch's Bruce Macfarlane has taken an interest in Kyoto Protocol
     projects
     - possible liaison with ADB, Rothschilds in project financing, fund management
     - international bank with strong equities division

     Tyndall Centre for Climate Change Research, University of East Anglia
     - leading centre for climate change research, other is Hadley Centre, Oxfordshire
     - ability to present past records and forecast future trends of climate change events
     - possible compilation of a (developing) country-by-country vulnerability to climate
     change index
     - Dr Mick Hulme is one of the senior staff members

                                      ____________________

     Relevant linkages to strengthen CARE's application - M. See sector (other entities
     encouraged
     to submit their linkages in Communications 3 and to Niels Tofte, Director CARE Denmark)

       Netherlands - M. See has made contact with Jan Pronk, Environment Minister - possible
     talk
       by M. See on CDM/ET/Adaptation Fund in Amsterdam, 14 December. The Dutch government
       announced a sizeable contribution to developing countries/climate change projects at
     COP 6.

       China - M. See made contact with Chairman, China Association for CO2 Control, Zhejiang
       Indonesia and Malaysia - M. See invited for CDM/ET seminars by Environmental Ministers
       Russia - M. See invited for JI/ET/CDM seminar by Russian Ecological Congress, 7
     December

       Caribbean Community and Common Market - M. See made contact with CARICOM Secretariat
       South Pacific Islands - M. See contact with Just World Partners, UK NGO with relief
     operations


     Standard information accompanying Communications, regularly updated -

     Entities with interest in the Adaptation Fund and broader aspects of the Kyoto
     Protocol's flexible mechanisms; market and economic instruments to combat climate change

     NGO         CARE International
                     - headed by CARE Denmark/Niels Tofte and Switzerland/Graham Miller
                     - headquarters in Brussels/Tom Hurley
                     - coordination UK/Simon Llewellyn

     Proposed Backup Team to CARE - list to date (additions to list requested from current
     list names)

                     Henderson Investments - Mark Campanale, Mike Shaw, James Giuseppi
                     N.M. Rothschilds - Simon Linnett, Dena Bellamy
                     Friends Ivory Sime - Craig Mackenzie, Oliver Karius
                     Dexia FondElec - Georges Sorenson
                     ABN Amro - Bruce Macfarlane
                     Asian Development Bank - Satish Rao
                     Tyndall Centre for Climate Change Research - Mike Hulme

     CARE, the group leader - supported by skills of financial and scientific advisers -
     would make the application to UNFCCC/Bonn to participate in negotiations with regard to
     the adaptation fund.

                                      _____________________

     Next step forwards

     1)  All entities to make contact with each other, and with Niels Tofte, CARE Denmark.
     2)  Niels Tofte, CARE Denmark, to request observer status application form UNFCCC Bonn,
          referring to Dr Klaus Topfer's facsimile letter to M. See of 24 November
     3)  Niels Tofte to comunicate with CARE International Secretariat, and with all entities
     in this
          current communication, to seek best way of completing the observer status app.
     form.


     Best regards.

     Michael See - I can act as "funnel" or catalyst for all communications - feel free to
     contact me.
     Director, Euro-Asia Pac Corp Ltd
     (author, Greenhouse Gas Emissions - Global Business Aspects, Bertelsmann Springer, 2001)

     T: 00-44-20-7638-2019
     F: 00-44-20-7256-6930
     E: euro_asiapac@email.com
     E: michael@greenpac.freeserve.co.uk

