Climate change solutions proposed

June 3, 2008 12:19:42 PM PDT
A tax on airline tickets, an auction of pollution rights, an international climate change bond: These are some of the ideas likely to be thrashed out at a 162-nation conference on raising the billions needed each year to fight global warming.Discussions began this week with a warning from poor countries and environmentalists that global warming has already affected millions, worsening the global food crisis and changing the earth more rapidly than scientists had predicted.

The two-week meeting of more than 2,000 delegates is the kickoff to what is expected to be 18 months of intense negotiations on a new agreement to succeed the Kyoto Protocol, which expires in 2012.

Climate change "for us is not a distant reality, but a present reality," said Amjad Abdulla of the Maldives, whose Indian Ocean island nation could vanish if sea levels rise just a few feet.

The cyclones that battered Myanmar and Bangladesh this year "should be a wake-up call to all of us," he said, speaking for 49 nations grouped as Least Developed Countries.

An agreement is expected to be reached in December 2009 and signed in Copenhagen, Denmark. The talks are based on an accord reached in Bali, Indonesia, last December when the United States, India and China indicated they would take part in a post-2012 arrangement.

"The critical issue will be financial engineering," said Yvo de Boer, the United Nations' top climate official.

"The developing countries made a major step forward by saying in Bali they are willing to take real, measurable and verifiable steps to limit their emissions -- provided real, measurable and verifiable money is put on the table," he said.

The new climate pact will succeed the first phase of the 1997 Kyoto Protocol, which requires 37 industrialized nations to reduce greenhouse gas emissions an average of 5 percent below 1990 levels by 2012.

The U.S. agreed to the Bali accord after several of its conditions were met. It had signed but refused to ratify Kyoto, largely because rapidly developing economies like India and China faced no climate obligations.

At least seven more major meetings are scheduled before Copenhagen, with the next due in August in Accra, Ghana.

Few, if any, conclusions were expected from the Bonn talks.

And the most difficult issues have been put off until next year, when a new and presumably more climate-friendly administration takes over in Washington.

De Boer told The Associated Press on Sunday that by 2030 the world will need to spend $200 billion to $300 billion a year to contain global warming and help developing nations adapt to less rainfall, harsher storms, and the extinction or migration of species.

Several delegations have brought proposals to Bonn for raising those funds.

Mexico wants to create a pool of regular donations from each country according to its financial means, which would be distributed to developing countries according to need.

The EU and several small countries are working on proposals for a climate tax on aviation and shipping.

The growing carbon market could be a major source of revenue. In the EU, industries are allocated pollution rights, which they can trade on the open market -- companies that do not use all their credits can sell them to others that have exceeded their pollution limits.

Many delegations, supported by environmentalists, say those emission credits should be auctioned rather than allocated for free. Damien Demailly, of the environmental group WWF France, estimated such auctions could raise $40 billion annually.

De Boer has floated an idea to create a climate change bond that would by sold by developing countries to investors. The bond issue would evolve from the current system under which countries gain credit for projects they finance in another country that can verifiably reduce that country's carbon emissions.

Scientists warn the world's carbon emissions must peak within the next 10 to 15 years and then fall by half by mid-century to avert a potential catastrophe.

"In the half year since Bali, the science has gotten a lot worse," said Bill Hare, a scientist for the Greenpeace environmental group. New reports say ice is melting at a record rate in Greenland and Antarctica, he said, and droughts in Australia, Ukraine and Russia have cut into food production.

"The negotiators here are gathering under a darkening cloud," Hare said. "The level of ambition is far too low."


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