Shipping sector bankroll for the Green Climate Fund
December 07, 2011
A draft document is making the rounds in Durban that would raise cash from the world’s shipping industry through a special tax to help fund the USD100 billion Green Climate Fund. According to Reuters, the document proposes that money raised by "specific actions" to reduce emissions from maritime bunker fuels -- which may be designed and implemented by the International Maritime Organization (IMO) -- could be directed to developing countries and used to aid climate adaptation through a Green Climate Fund.
Chinese solar company Suntech won a Gigaton Award at Durban, South Africa on Sunday for outstanding business leadership in carbon emissions reduction, according to a report in Xinhua.
Yesterday 163 civil society organizations from 39 countries released a letter alleging an attempt led by the US, the UK and Japan to turn the Green Climate Fund into what they call “Greedy Corporate Fund” at UN climate talks in South Africa.
China will unswervingly back other developing countries' reasonable appeals on climate change, a senior official said on Tuesday.
COP17 buzz words
November 30, 2011
Temperatures are already beginning to rise among delegates at the UN climate summit in Durban. While around the outskirts of conference generally “nice” and “positive” position papers were released, it was the news that Canada certainly won't make any further greenhouse gas cuts and may even withdraw from its conditions under the Kyoto Protocol that got collars sticky. Additionally rumours on the sidelines indicate that the UN's carbon offset scheme wouldn't be depended upon to generate the USD100 billion in annual climate aid for developing nations by 2020, although there was minor step towards charging for ships' emissions.
"Climate change poses serious risks for humanity, especially in the developing world," South Africa President Jacob Zuma said in Durban on Monday.
Three-card stud at COP17
November 24, 2011
In a move to make its position in crystal clear at the COP17/CMP17 United Nations Climate Change Conference 2011, which starts in Durban next week, China State Council has issued white paper that summarizes the country past efforts reduce greenhouse gas (GHG) emissions and lays out its road map for green development over the next five years. It has also underlines China's demand that the talks to come up with “three” tangible results. To those familiar with China's effort to reduce energy consumption per unit of GDP in the last five years and the measures being put in place under the 12th Five Year Plan through to 2016, the contents of the white paper contains no great surprises.
Reasons to be cheerful 1
November 18, 2011
It's 10 days out from the start of COP17, the UN Climate Change Conference 2011 being held in Durban, South Africa, and the level of anticipation can best be described as flaccid. Two years ago many people were excited and inspired by the prospects of the Copenhagen conference (remember Hopenhagen?) and a year ago there was at least plenty of media buzz about whether anything could be rescued from the COP15 train wreck at Cancún. This time around the lack of interest pretty much defines the outcome: the Europeans will be earnest, the BASIC block will be intransigent and the Americans will be irrelevant.
Penguins look beyond HFCs
November 15, 2011
In the run-up to the international climate negotiations in Durban later this month, China has responded to efforts to ban the trading of widely-discredited HFC-23 offsets by threatening to release huge amounts of the potent industrial chemical into the atmosphere unless other nations pay what amounts to a climate ransom. The threat comes after the European Union and other nations moved to ban HFC-23 credits from internal carbon trading mechanisms in recognition of the perverse incentives created by these credits in the Clean Development Mechanism (CDM).
A European Union offer to deepen its 2020 emissions reduction target to 30 percent if other countries commit to similar measures will remain on the table at UN climate talks in South Africa this month, the EU's lead climate negotiator said, writes Reuters.