By Padmini Arhant
The two week conference from November 29 to December 10, 2010 on climate change strived to approach the global environmental challenge by adopting UNFCCC (United Nations Framework Convention on Climate Change) and Kyoto treaty mandating the carbon emission reduction below 2 degrees Celsius or 3.6 degrees Fahrenheit in addition to COP15 Copenhagen proposals such as -
Industrialized nations $100 billion pledge by 2020 towards financial assistance to the poorer nations in combating environment disasters.
The Green Climate Fund for technological aid and forest preservation appear to have been recognized leading to a consensus among the negotiators.
Although the fund sources and management details have not been presented as yet, the preliminary step to provide economic relief to poor and developing nations is a positive measure.
The debate arising from the once contentious issue is – expediting funding and setting the eligibility criteria due to the demand from many nations seeking financial help under ‘vulnerable’ category that could potentially deprive the precarious recipients from qualifying for adequate benefits.
Hence it is essential to arrive at a conclusion on the specific content and fund allocation to the qualifiers in desperate situation as part of the post-Cancun agreement.
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Thank you.
Padmini Arhant
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