UK kicks Climate debate in front of Copenhagen
Gordon Brown puts $100bn price tag on climate adaptation. Prime minister attempts to move stalling political talks on global warming away from targets and towards the cost of mitigation.
... Aides said the speech was intended to provide fresh momentum to the stalling political talks on global warming. In exchange for greater action on climate as part of a new deal, the developing world wants money to help it cut carbon emissions and adapt to a warmer world. Earlier this month, EU leaders postponed a decision on such funds until October.
Brown said: "If we are to achieve an agreement in Copenhagen, I believe we must move the debate from a stand-off over hypothetical figures to active negotiation on real mitigation actions and real contributions."
Under the plan, funding would begin in 2013 and rise to $100bn a year by 2020. The money would be raised from private and public sources, such as levies on international carbon trading schemes. Developing countries would be able to apply for funds for specific projects. "I would urge the leading developing countries to bring forward ambitious and concrete propositions ... that could be financed by these sources," Brown said.
Brown is expected to discuss the plan with world leaders including Barack Obama. Because the UK will negotiate at Copenhagen as part of the EU-bloc, the suggestion will have to be agreed in Brussels before it could be put forward as a formal offer as part of the Copenhagen negotiations.
The annual $100bn falls well short of what China and other developing nations have demanded in climate funding. The G77 group of nations has suggested that rich countries could hand over 1% of their GDP, a figure that British government sources consider unfeasible. "That's a totally unrealistic number. It doesn't even bring us to the negotiating table," one said....
Issued by: guardian.co.uk,
Author: David Adam, environment correspondent
Issue date: Friday 26 June 2009
Link to Article: Origin of this text