Creating a climate for change
By Jennifer Rankin - 18.06.2009 / 00:00 CET
Developed and developing countries must work together to address the problem of climate change.
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© 2012 European Voice. All rights reserved.
Fact file
DEVELOPING MONEY
How much money does the developing world need? The answer depends on what you count. Here are three recent estimates:
$23 billion-54bn per year by 2030 for adaptation
United Nations Framework Convention on Climate Change
$50bn-100bn per year by 2015
Nicholas Stern (A Blueprint for a Safer Planet, 2009)
€100bn per year by 2020 for curbing emissions, including deforestation and environmentally-friendly agriculture
Council of Ministers expert committees 2009, based on work carried out by the European Commission
A NEW KYOTO MECHANISM?
The Kyoto Protocol created just three market mechanisms. Its successor could spawn a few more. One idea under discussion is to allow rich countries to offset some of their emissions by investing in low-carbon growth plans in emerging economies, known as Nationally Appropriate Mitigation Actions (NAMAs). This dates back to the UN meeting in Bali in 2007, where developing countries indicated they would take action to reduce emissions in a way that is “additional, measurable, reportable and verifiable”. Such measures could include energy-efficiency targets or stopping deforestation.
Climate negotiators could take a leaf out of the global postal sector's book.
Connie Hedegaard's risk in Durban was redemption for the EU after its embarrassing failure at the UN climate summit in Copenhagen in 2009.
When the EU moves, others follow, writes the European Commissioner for climate action on the breakthrough deal struck at the Durban summit on climate change.
South Africa and Brazil are now prepared to sign up to a roadmap, but other major countries are holding out.
