Beyond Kyoto

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| Apart from re-stressing the urgency for action on controlling global warming, the IPCC report should logically raise several critical questions pertaining to the efficacy of the Kyoto protocol on climate change, the only significant initiative that is in force to tackle this issue. The points to be pondered in particular include whether the emission reduction goals are pitched right and whether the clean development mechanism envisaging meeting emission reduction targets through carbon trading constitutes the right approach to tackling this problem. What is also needed is to revisit the role that the US, the world's largest polluter, has been playing by opting out of the Kyoto accord. In fact, such issues should have already been on centre stage as the validity of the Kyoto mandate is set to expire in five years. Unfortunately, little has been done to work out Phase II of this pact. Judging by the time that international treaties normally take to be hammered into shape, the putting together of a post-Kyoto deal, too, is unlikely to be a quick and smooth affair. This is more so because several uncomfortable and time-consuming issues have to be faced. These include, among others, the demand from several quarters for ending the exemption to the developing countries, especially the likes of India and China, from taking on emission-reduction targets. Should this happen, which seems quite likely, it is bound to reopen the entire debate on who should bear the cost of clean development and in what proportion. Since carbon trading has not turned out to be either an ideal or fair and transparent way of ensuring cost sharing, it would have to be suitably refined, or replaced with a better alternative. |
First Published: Feb 09 2007 | 12:00 AM IST