Business Standard
Monday, May 28, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|||||Opinion|||| 
 Section Home | Editorials | Compass | BS People | Columnists | Lunch with BS
Home > Opinion & Analysis Live Markets | Commodities
 

Flashing amber, not green
The climate change talks made no progress at Bonn
Business Standard / New Delhi Jun 16, 2009, 00:20 IST

The latest round of talks for thrashing out a successor to the Kyoto accord on climate change, on the basis of the new text circulated by the secretariat of the UN Framework Convention on Climate Change (UNFCCC), ended in Bonn on Friday and saw an unexpected, if subtle, shift in the US stand which could change the course of these negotiations. Refusing yet again to fall in line with the Kyoto process, the US has now called for another agreement on this issue which ropes in all countries, regardless of their economic level, in the joint effort to combat global warming. Its plea got some support from at least four other countries — Australia, Costa Rica, Japan and Tuvalu — which additionally have called for different proposals for an alternative to the Kyoto protocol, set to expire in 2012.

The US argument is that the developing countries should commit to taking actions to reduce their emissions, but without being penalised for failing to do so. For the least developed countries, the US proposes the provision of funds to meet their climate change obligations, without indicating where these funds would come from. Though the US has stopped short of calling the proposed developing country obligations non-mandatory, that is what they are. If that be the case, there would seem little reason for the developing countries to turn down the proposal. But the apprehension is that this move is meant, albeit tacitly, to water down the industrialised countries’ responsibility for emission reduction by transferring some of their burden on to the developing countries. The misgivings on this count emanate from the fact that most developed countries have either refrained from putting on the table their intentions for post-Kyoto emission reduction, or have indicated numbers lower than even the missed Kyoto targets. The over-riding priority for the developing countries is to achieve economic development and thereby to alleviate poverty, and this would mean that their emission levels will continue to swell for many years hence. This brings to the fore the significance of the transfer of clean technologies, and the provision of funds for their adoption by the poor nations.

On this, the developed countries make the right noises but do not back these up by making any firm financial commitments. Unless suitable mechanisms for raising the funds and routing them to the developing countries are put in place, it is futile to expect these countries to deliver at the cost of growth. Countries like India, which have their own national plans for promoting clean development, need also to be encouraged to expand these plans through liberal assistance.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
Tags : unfccc
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- Invest in Real Estate. Villas in Bangalore starting @ Rs.66 lacs
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- Mobile handset companies bet on Indian app makers
- CBI arrests Jagan Andhra on alert
- Gold imports fall 32% on strict govt measures
- RIL wants import-parity price for its gas
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us