Hi Chris Keene and CRISIS FORUM,
The "private sector" is expected to cough up to help with M&A (not Mergers and Acquisitions, but Mitigation and Adaptation) or the Developing Countries, according to the World Bank.
Some confusion therefore.
Also, would Chindia be classed as "Developing" ? And what about the fact that "Developing" countries are not actually developing currently ? What about the uncleared debt ? Failing crops ? Imposed "economic reform" ?
And also : surely the real issue is the de-Carbonisation of the already developed world ? And how much will THAT cost ?
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http://news.xinhuanet.com/english/2008-08/27/content_9724227.htm
World Bank says developing nations need $170 bln to mitigate climate change
www.chinaview.cn 2008-08-27 21:34:50
LAGOS, Aug. 27 (Xinhua) -- The World Bank on Tuesday at the ongoing Accra Climate Change Talks in Ghana has said a total of 170 billion U.S dollars was required between now and 2030 to enable developing countries mitigate and adapt to the impact of climate change, according to the official News Agency of Nigeria on Wednesday.
Eduardo Dopazo, World Bank fund manager of Carbon Finance Unit told newsmen at the sidelines of the Accra Talks that the private sector was expected to account for 80 percent of the sum.
He said the huge financing gap for developing countries to contain the impact of climate change is beyond current funding under the UN Framework Convention on Climate Change.
According to him, developing countries will also require 85 billion U.S dollars to provide electricity that would cover 100 percent of their citizens by 2030, and that an additional 35 billion U.S dollars per year is require to ensure that the electricity utilize green energy technologies.
Dopazo said within the same period, developing countries will require massive technology transfer, capacity building and technical assistant to manage whatever green technology is adopted.
He said the situation would require that developing countries take commitments under the post Kyoto protocol treaty expected to be ratified at Copenhagen in 2009.
...
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jo.
+44 77 17 22 13 96
http://www.changecollege.org.uk
> Date: Wed, 27 Aug 2008 20:38:56 +0100
> From: [log in to unmask]
> Subject: G77 and China call for GNP donation to fight climate change
> To: [log in to unmask]
>
> *G77 and China call for GNP donation to fight climate change*
> China, India and over 100 developing countries have called on the
> world’s rich countries to donate somewhere between 0.5 and 1 per cent
> of their gross national product (GNP) to help them mitigate greenhouse
> gas emissions and adapt to climate change.
> http://www.pointcarbon.com/news/1.963071
>
> My first thought on this was what an incredibly small amount.
>
> Then I realised that if the aid were given in the form of alternative
> technology it would mean that the developing countries would be able to
> develop without using fossil fuels, and the economies of scale in
> renewable energy, to say nothing of increased effort in R&D, would make
> renewables cheaper for all of us., So ordinary people in the North would
> be better off through not having to pay inflated bills for fossil fuels
>
> But then I realised the elites in the developed world don't want this to
> happen - they are in the pockets of vested interests, so is this
> something ordinary people should campaign for?
>
> Chris
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