December 16, 2009

Negotiations Undate

The African Group has blocked the negotiations in the morning, protesting against attempts of the developed country to "kill" the Kyoto Protocol. They ended the temporary boycott only after assurances that rich nations were not conspiring to reduce their commitments to cutting greenhouse gases. Informal talks resolved the impasse. "The vast majority [of countries] want to see a continuation of the Kyoto Protocol," Yvo de Boer said. Norway and Mexico join forces and propose a model for climate funding at the negotiations in Copenhagen. The model establishes a Green Fund for financing of climate actions in developing countries.Contributions to the Green Fund should come both from public budgets and from auctioning of emission allowances. According to the proposal, the scale of the Green Fund could start around 10 billion dollars per year by 2013 and increase to 30-40 billion dollars by 2020.Norway's proposal is a model where a certain percentage of the total UN-allowances should be set aside for international auctioning to finance climate actions in developing countries. Mexico has proposed to establish a Green Fund that draws funding based on each country's emissions, GDP and population. The joint model uses both sources of income. Environment Minister of India Jairam Ramesh has declared that an agreed text on a global deal reaching beyond the Kyoto protocol has to be worked out in the night of Tuesday, in order to ease the following negotiations between the world leaders. On his side, India has offered to adopt the international guidelines under the UNFCCC, meaning that India will allow verification of the results of internationally funded projects, while insisting on the continuation of the Kyoto Protocol. The White House on Monday announced a new program drawing funds from international partners to spend 350 million US dollars over five years to supply developing nations with clean energy technology. The program will contribute to distribution of solar power alternatives for homes, including sun-powered lanterns, supply of cleaner equipment and appliances and a push to fund and put in place renewable energy systems in the world's poorer nations.


Post a Comment