Hopes pinned on finance at U.N. climate talk

Hopes pinned on finance at U.N. climate talks

By Alister Doyle, Environment Correspondent

OSLO (Reuters) - About 170 nations will meet in Germany next week to work on a new United Nations climate treaty with hopes for progress pinned most on ways to raise billions of dollars to help poor nations cope with global warming.

The June 1-12 talks between senior officials in Bonn will be the first to review formal draft texts about a sweeping U.N. deal due to be agreed in Copenhagen in December to involve all countries in fighting global warming.

Over 120 pages of draft texts indicate deadlock between rich and poor nations on a core dispute over how to share out curbs on greenhouse gases, released mainly by use of fossil fuels.

To avoid that standoff, finance could be an area to build confidence.

"One thing that can usefully be done is finance -- working out how funds can be mobilized for developing nations would be a huge positive influence on the negotiations," Yvo de Boer, head of the U.N. Climate Change Secretariat, told Reuters.

"If there's no movement on emissions then maybe an agreement can be made on finance," he said.

The Bonn meeting is the second of six U.N. climate talks due this year, including Copenhagen.

Developing nations such as China and India say the rich have stoked warming since the Industrial Revolution and should do far more to cut emissions by 2020.

Hit by recession, developed nations are wary of promising deeper cuts.

Seventeen major emitters said they made progress in Paris this week on how to find cash to help the poor rein in emissions and adapt to climate change, based on a Mexican proposal for a "Green Fund" that would raise at least $10 billion a year.

GREEN FUND

The Mexican plan foresees raising cash from all nations, based on factors such as their historic and present emissions and gross domestic product. That would make the United States and Europe the top contributors.

Cash would go to projects including wind or solar power or to protecting forests as part of the global deal meant to prevent ever more heatwaves, floods, disease, species extinctions and rising sea levels.

With time running short ahead of Copenhagen, analysts say many details of the new deal to succeed the existing Kyoto Protocol beyond 2012 may be left vague.

"Everyone agrees that there is going to be a lot of work to be done after Copenhagen, no matter what," said Alden Meyer, of the Union of Concerned Scientists.

Options in some of the draft texts -- for instance whether to allow credits for investments in capturing and storing emissions from coal-fired power plants in developing nations -- include simply putting off decisions until 2010 or even 2011.

"We hope that delegates will take the strong elements that have been proposed rather than the weak ones," said Kim Carstensen, of the WWF environmental group.

With wrong choices, "there is the opportunity to get a really rotten deal," he said.

On greenhouse gases, China and India want the rich to cut emissions from factories, power plants and cars by at least 40 percent below 1990 levels by 2020.

By contrast, a bill passed by a key U.S. congressional panel last week would cut U.S. emissions by just 17 percent from 2005 levels by 2020 -- equivalent to 4 percent below

Views: 48

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega posted a blog post

One More Time

If I could fall in love one more timeAnd cheat fate on the turn of a dimeBeing alone in a man’s…See More
6 hours ago
Doc Vega posted a blog post

While the Wounds Are Still Fresh

 In this age of lies Love has become a sad compromise The source of my emotional demiseAll the…See More
yesterday
Doc Vega's 4 blog posts were featured
yesterday
Larry Harmen's blog post was featured

China has weaponized Ebola to take over North America after WW3

The Defense Minister with his own Mouth has said it.…See More
yesterday
tjdavis's blog post was featured
yesterday
FREEDOMROX's blog post was featured
yesterday
Less Prone favorited Doc Vega's blog post Countdown to WWIII ? You be the Judge as the Media Hides the Developments of the Democrats
yesterday
Doc Vega posted a photo
Friday
Doc Vega posted a blog post

My Twisted Destiny

My Twisted Destiny Darling why don't you come and play with meOn a planetary seaOn a frozen moon we…See More
Friday
tjdavis posted a photo
Friday
tjdavis posted a video

David⚡️Bowie - Ricochet documentary (1984)

In December 1983, David Bowie's massive 'Serious Moonlight ' tour arrived in Asia for three shows in Hong Kong, Bangkok and Singapore, virtually uncharted te...
Friday
rlionhearted_3 posted a status
"12 units gone, 6 units heavily damaged, 6 units saved, including mine, been a stressful 10 days!"
Thursday
rlionhearted_3 posted a status
"The apartment building I live in caught fire. 12 of 24 units are a total loss, 6 units have fire smoke and water damage. 6 units were spared"
Thursday
rlionhearted_3 posted photos
Thursday
Less Prone posted a video

THE FALL OF AMERICA

Gerald Celente discusses the retail sales report and what it means for the economy. He also talks about how politicians ruined the American Dream...To access...
Thursday
Larry Harmen commented on Larry Harmen's video
Thumbnail

"Antichrist and the Crowned 666 King Charles ( Dr. Bruce Ruisi)

"King Charles Family are Related to my Family the Harmen's and they are all Masons ...Military…"
Thursday
Larry Harmen posted a video

"Antichrist and the Crowned 666 King" | RAPTURE ALERT!!! (w/ Dr. Bruce Ruisi)

Has the antichrist been identified??? The overwhelming biblical proof will shock you! "Antichrist and the Crowned 666 King: RAPTURE ALERT!!!", Dr. Bruce Rui...
Thursday
Doc Vega commented on Larry Harmen's blog post China has weaponized Ebola to take over North America after WW3
"The Chinese have had an ambition for a long time to occupy the US and they're pretty…"
Wednesday
Doc Vega posted blog posts
Wednesday
cheeki kea commented on Doc Vega's blog post A New Angle on Explanation of UAP’s
"Good question Doc V. It's the Air Force that carried out this (underhanded) action according…"
Tuesday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted