Paris conference: In final lap, climate breakthrough in sight

It is learnt that developing countries were ready to accommodate a provision in the agreement that would ask them to offer climate finance if they were “in a position to do so” or were “willing to do so”.

Written by Amitabh Sinha | Paris | Updated: December 9, 2015 1:58 am
paris, paris climate conference, paris meet, paris climate meet, cop 21, paris climate talks, climate Participants attend a panel entitled “Science on a Sphere Presentation” at the COP21, United Nations Climate Change Conference, in Le Bourget, north of Paris. (Source: AP)

A key compromise by developing countries, including India, on one of the finance provisions is in the offing and it could become the turning point at the Paris climate change conference.

It is learnt that developing countries were ready to accommodate a provision in the agreement that would ask them to offer climate finance if they were “in a position to do so” or were “willing to do so”. But they would agree to such a provision only if it was a voluntary requirement and if developed countries explicitly pledge to raise at least US$ 100 billion every year after 2020 as promised.

The developed countries had, at the 2009 Copenhagen climate conference, said they would “mobilise” $ 100 billion every year from 2020. Six years on, developed nations have not been able to raise the full amount of the first tranche. As a result, the commitment to raise $ 100 billion in every subsequent year after that has been under doubt. US negotiators, while repeatedly saying that developed countries will fulfil their commitments in the post-2020 period, have shied away from mentioning the $ 100 billion figure.

Instead, US and other countries have been pushing for a provision that will also ask developing countries to contribute to climate finance in a “voluntary” manner. Developing countries have so far been rejecting any such proposal, citing the UN Framework Convention on Climate Change that mandates a group of 25 rich and industrialised countries only to provide climate finance. Developed countries have been arguing that the need for climate finance was well beyond $ 100 billion and it would be good if developing countries also contribute.

Developing countries now agree on the concept of such a provision but are working on the language that would not make it binding for them, like developed nations, to provide finance.

The BASIC grouping of countries, comprising India, China, Brazil and South Africa, Tuesday gave indications that they might agree to such an understanding.

“We will also do our bit (to provide climate finance), bilaterally. China has already helped through south-south cooperation. We have been helping our neighbours. But these are strictly our bilateral and voluntary actions,” Environment Minister Prakash Javadekar said.

China’s climate change representative Xie Zhenhua agreed with this formulation, saying “the more (the money on offer), the better”.

“We would like the scale of climate finance to go further up. We urge developed countries to fulfil their obligation…, while the developing countries, on a voluntary basis, can also contribute….,” Xie said.

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    ajit
    Dec 9, 2015 at 1:23 am
    JAVEDEKAR , MODI MUST NOT CAPITULATE AT PARIS COP21. . . CARBON CREDIT SYSTEM IS A KOSHER SCAM WILL HALT BHARATMATAs PROGRESS . . INITIALLY IT WILL LOOK AS IF INDIA IS GAINING . . . BUT WHEN YOU USE PERCEPTION CARBON CREDIT SYSTEM IS DISASTROUS FOR INDIA . . .WE LOSE OUR SOVEREIGNITY … . . MODI CALLS THE SHOTS AT PARIS COP21-- NOT OBAMA OR ANY OTHER . . . INDIA IS THE MOST POWERFUL NATION WITH POTENTIAL OUT THERE AMONG 190 NATIONS . .. INDIA MUST CONTINUE BURNING COAL . . WE WILL REMOVE SOx / NOx--BUT NOT CO2 . . GLOBAL WARMING WAS CAUSED BY A HIGH ALUDE NUCLEAR BLAST BY USA IN 1962 CALLED STARFISH PRIME . . WHICH CAUSED A IN THE OZONE LAYER AND THE INNER VAN ALLEN BELT . . . punch into Google search -- - - - . . . .. . . .THERMAL COAL POWER PLANTS , CLEAN EXHAUST FLUE GAS EMISSIONS, PART 2 VADAKAYIL . . . . .. . . and . . . . .. . . . BEGONE AL GORE, HOAX OF CARBON DIOXIDE AS A GREENHOUSE GAS CAUSING GLOBAL WARMING VADAKAYIL . . . .. . . . high temperatures in 2015 and unstable weather is due to EL NINO 2015, caused by HAARP . . . . . .THIS WAS PLANNED WELL IN ADVANCE BY ZI0NIST J#WS LED BY BIG BROTHER . . . capt ajit vadakayil ..
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      Prof.Rais Akhtar
      Dec 8, 2015 at 4:44 pm
      The creators of Global Warming are developed worlddia must not commit ant financial contribution to climate finance.At the same time developing countries must be provided green technology ,particularly in energy generation.
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