Doha climate talks remain deadlocked over financing issue
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Last Updated: Tuesday, December 04, 2012, 21:19
  
Doha: As the Doha climate talks enter into a high level round, negotiations remained deadlocked over the climate financing for developing countries and crucial issues around the second commitment period of Kyoto Protocol.

The lines remained heavily drawn between negotiators of the developed and the developing countries as the former remained non-committal towards making major pledges for climate financing and technology transfer to curb greenhouse gas emissions.

The negotiations in Doha are being held under a series of tracks.

However, the three major tracks are: the ADP or Durban platform to decide a treaty to succeed the Kyoto Protocol in 2020, the AWG-LCA or Long-term Cooperative Action under Bali Action Programme and discussions to decide the second commitment period for the Kyoto Protocol to begin from January 1, 2013.

While the rich nations want greater focus on the Ad Hoc Working Group on the Durban Platform for Enhanced Action (ADP) under which all major polluters including India and China will come under some emission reduction obligations, they have been reluctant to do their agreed part on providing funds to help the developing countries in adaptation and technology transfer.

The issues of adaptation, technology and financing have been talked in rather vague terms and the rich nations have shied away from making substantial commitments to transfer funds and technology to the developing countries.

The G77 group of countries including India outrightly rejected a proposed draft that talked mostly about market mechanisms for mitigation and the long term goal of emission peaking, but said little on the issue of finances.

Observers said the three tracks of negotiations are "delicately interlinked" and progress has to be simultaneous, including on the front of securing cash commitments from the developed world, to ensure a successful outcome in Doha.

"We hear words like 'finances will continue' but they can continue even on 10 dollars per day.

What it required is that finances continue but continue on a higher trajectory to make sure there s a credible trajectory," said Kelly Dent, head of Oxfam's delegation, while speaking under the banner of the Climate Action Network.

Developing countries have expressed concerns over the prospect of issues crucial to them falling off the table of climate talks as developed countries continue to focus on their side of the agenda.

Meanwhile, the negotiations for the extension of the Kyoto Protocol commitment period, have run into serious differences over the issue of what to do with some countries' unused carbon quotas.

Under the 1992 Kyoto treaty, each country was allotted a given quota or right to emit a certain amount of carbon emissions, with a provision to trade their carbon credits.

The problem in the Kyoto 2 negotiations is whether individual nations should be allowed to hold on to their unused greenhouse gas emissions quotas, or the so-called 'hot air', under the second commitment period.

The leftover allowances under the first leg of Kyoto are estimated to be around 13 billion tonnes of CO2.

Poland and Russia insist that they would want to carry forward their right to emit their leftover quota of carbon dioxide.

Developing countries including India have opposed such a move.

PTI


First Published: Tuesday, December 04, 2012, 21:19


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