Disappointment at Bali

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| On the positive side, Bali saw two of the world's major polluters which had hitherto opted out of the Kyoto accord, the US and Australia, fall in line, with the latter even ratifying the Kyoto protocol. Though the US again chose to play the villain's role and had, at the end, to be cornered and bullied into taking a U-turn on its stand of not budging on the imposition of binding commitments on the developing countries, its participation in the talks is not without significance. The best that can be said is that, by the time a final treaty is ready for approval, a new US administration will be in place. The other major gain of the meet was to sharpen the focus on the transfer of clean, or rather green, technology and the ways to meet the costs. The trade ministers, who were involved in climate change talks for the first time, failed to arrive at any agreement on whether such technology transfer should be treated as aid or export, but the issue is now firmly on the agenda. There is every possibility that the present carbon trading-based clean development mechanism (CDM) will be suitably revamped for the benefit of the developing countries; also, one can look forward to the creation, ultimately, of an adaptation fund through a 2 per cent levy on credits earned from the CDM for financing investment in clean technology generation. |
| These are limited gains, but even they have been possible only because street opinion in the developed countries is now aware of the problem of climate change, and this has forced governments to fall in line. However, there is no acceptance as yet that the emission levels of the developed countries are way beyond the earth's tolerance limits, and that major lifestyle and/or technological changes are required in quick order. When this consciousness grows, climate change conferences will get even more contentious. |
First Published: Dec 17 2007 | 12:00 AM IST