Here I will give some updates about climate news in Mexican media. Despite news about violence and the latest killing of a famous drug cartel-leader there is still a room for news that concerns us all: The climate news. We are only three weeks away from the BIG meeting in Cancun.
How to finance the climate change
The Norwegian prime minister, Jens Stoltenberg along with Ethiopia’s prime minister Meles Zenawi and a ”high level panel” have elaborated a document with suggestions on how we can finance a future agreement about the climate change. According to the panel: The challenge of getting finances will be ”difficult but feasible.” From 2020 it is necessary to generate the sum of hundred thousand millions of dollars to reduce the climate change effects in the developing countries. This sum was agreed on last year in Copenhagen. In order to achieve this money there is a necessity of increasing the price of CO2 in the carbon market to 20-25 dollars. With these prices, together with taxes and the emissions permits they will be able to collect 30 millions of dollars annually in the developed countries.
One could collect another 20 billion by implementing similar fiscal mechanisms in the international aviation and maritime transport as well as redirecting fuel subsidies in developed countries or a tax on financial transactions that "would be divergent positions very difficult to implement universally, "says the document.
On the other hand, it also proposes a strengthening of carbon markets to raise funds in order to finance investment and technology transfer to developing countries.
According to expert estimation a price per tone of CO2 of $ 25 could generate a gross private capital flow of between 100 billion and 200 billion dollars.
Stoltenberg said in the report that all the proposals are feasible and they provide the opportunity to overcome an obstacle that hampers the negotiation of a binding agreement to reduce greenhouse gas emissions.
The primer minister of Ethiopia Zenawi said poor economies are not asking for "charity" when the rich require that they bear part of the climatic consequences of emissions, which for decades have polluted the planet's atmosphere. "The cost of developing our continent has been rapidly increasing because of climate change and will reach the point of no return if the current trend is maintained," said Ethiopian Prime Minister.
For the secretary general of the UN, the report shows that there are "options that are financially feasible and politically feasible" to ensure sustainable funding for climate change.
Main points in the document of financing the climate change:
1. Higher price on CO2
2. State efforts
3. International investments
And one of the most important aspects of dialoguing these climate deals is being open and transparent.
(source: El Universal and Aftenposten)
MEXICO rejects the possibility of reaching a global agreement
Mexico has rejected the possibility of reaching a new binding global agreement on emissions of greenhouse gases and pronounced that the discussion at the next Conference of the Parties of the United Nations Framework Convention on Climate Change (COP16) will focus on the need for new financing schemes.
The Secretary of Foreign Affairs in Mexico and the next president of COP16, Patricia Espinosa, said at a press conference on the 18th of October that "the conditions are not viable" to reach a new agreement to reduce emissions of greenhouse gases. Even though it is important to replace the Kyoto Protocol that expires in 2012, it is not the most urgent focus in Cancun she says. We need to discuss the financial issues about the climate change. It will be a ”package discussion” about reforestation, climate change adaption, technology transfer and funding. "While there are areas of the negotiations that have made less progress than others, I can say that all countries without exception, are convinced of the need to act," he said. The emphasis is on achieving immediate action to develop a global agenda to fight the climate change, in which developed countries should provide financial resources and facilitate access to technology for developing countries," said the secretary.
On the other hand, the Secretary of Environment of Mexico, Rafael Elvira Quesada, explained that almost one month after the appointment of Cancun, the Mexican authorities seeked to achieve "a global agreement for the conservation of forests and jungles with their respective funding developed countries to developing countries. "
In addition, Mexico seeks to create a fund for adaptation to climate change, and a second fund, managed by a global institution, incorporating the "climate change funds dispersed into one and with a much larger operation," he said. Mexican authorities also work in a partnership with India and China on technology transfer between developed.
The Minister of Tourism, Gloria Guevara, said the city of Cancun is ready to receive the COP16. Guevara explained that he expects the 25,000 hotel rooms for that destination presenting an occupancy rate of 90% during the encounter, and that the event will leave the city revenues of about $ 70 million. The Mexican president will seek to fund between 6,000 and 9,000 tons of carbon offsets to "neutralize" the contamination that produces the actual meeting of the COP16 (source: ABC Noticias)
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