Tuesday, December 15, 2009

Time is running out; deal or no deal for climate agreement at Copenhagen this week


(Photo of session at COP15 from Flickr and UN Climate Talks)

It’s hard enough to get 60 Democrat and Independent senators to agree on a health reform bill. Negotiations just seem to boil it down to the lowest level.

But try negotiating with 15,000 delegates from nearly 200 countries. That’s what’s been going on in Copenhagen the past 9 days. Small wonder they haven’t come up with much.

The poor countries want the rich countries, which caused the problem, to be much more aggressive about cutting emissions and to put up about $500 billion a year to save them from climate change.

And the rich countries want the big emerging economies with significant emissions, like China and India, to be accountable to the rest of the world for their planned cuts in carbon intensity (emissions wouldn't grow as fast as the economy.)

After a week of posturing and casting blame (and a half-day walkout by African and other developing countries), not much has been decided.

Now the top environment ministers and celebrities have arrived. Al Gore, Arnold Schwarzenegger, Prince Charles and N.Y. Mayor Michael Bloomberg gave them a pep talk and the ministers settled in to try to resolve some things before more than 100 heads of state arrive later this week for the conclusion of the much-touted climate treaty conference, COP15. President Obama will address the group Friday.

U.N. Secretary-General Ban Yi-Moon arrived, saying, ”Time is running out. There’s no room for posturing and blaming.”

What now?
Will anything come of this conference? There are only 3 days left.

Despite the discord, some environmental leaders think there may be success. A great deal of advance work was done by the U.S., China and India in the past weeks, with their leaders making specific pledges to curb emissions.

One question is whether Obama will be emboldened to up the ante on his original pledge of 17% (over 2005 levels) by 2020, which is only about 3% over the usual baseline 1990. He now has the EPA’s endangerment finding which allows the administration to regulate greenhouse gases under the Clean Air Act, as well as a bipartisan “blueprint” for a Senate bill that would meet the House target of 17%. Our offer is pretty pathetic compared with Europe’s and Japan’s. But does he dare roil up a prickly Senate which has yet to pass any climate bill and would have to ratify any international treaty by (omigod) 67 votes. Probably not.

Another question is will China eventually give in and let others monitor its pledged 40-45% drop in intensity.

Funding for poor nations
A third major area to be resolved is how much the rich countries will put up to fund mitigation and adaptation in poor countries. The mitigation helps us all, by keeping GHG out of the air. The adaptation helps poor countries that are already hurting from the climate change that some say doesn’t exist. (Maybe someone from a disappearing island nation will throw a sandal at wacko Sen. James Inhofe, who plans to show up.)

The European Commission, before the conference began, offered $10.8 billion a year for the next 3 years. Japan just agreed to put in $10B a year. The U.S. apparently has offered $1B next year, to be followed by $2B in 2011 and 2012. We’ve also offered to put $85 million a year for 5 years into a clean energy development fund for these nations.

This is not nearly enough, say the developing countries. They want half a trillion. So how much is really needed? Of course it’s impossible to say. But British economist Nicholas Stern said $100B a year by 2020, then double that amount in the following decade. The EU estimated $147B a year by 2020. And the UN is calling for more than $500B a year.

Of course if we did more to curb emissions sooner, we wouldn’t have to spend so much on adaptation. And conversely, if we end up with a weak deal, or no deal at all, it will cost much, much more – we’ll all need adaptation funds.

(Sources: E&E News PM, ClimateWire, BBC, E&E TV, Huffington Post, Reuters PlanetArk)

1 comment:

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