UN climate change talks make little headway

Financial Express , Saturday, November 18, 2006
Correspondent : Staff Reporter
Nairobi, Nov 17: Global talks to widen a fight against climate change reached gridlock on their final day on Friday after scant progress overnight to encourage rich nations to help Africa. The two weeks of talks of some 190 countries were meant to set out next steps to work out a stronger pact beyond 2012 to rein in emissions mainly from burning fossil fuels in power plants, factories and cars widely blamed for heating the planet.

After overnight talks, some 70 ministers agreed to encourage rich nations to fund emissions cuts in Africa, but remained deadlocked on the broader extension of the UN’s Kyoto Protocol for fighting warming beyond 2012. “It’s not a very strong statement that encourages (rich) countries — who are willing to do so — to consider initiatives including financial support,” said Janos Pasztor, the UN climate body’s coordinator of such funding, said of the overnight deal. “Some will do it and some won’t.” Under Kyoto rich states have contributed over $5 billion (2.6 billion pounds) to clean energy projects in developing countries over 2 years. The money has largely bypassed Africa, and the new initiative is meant to cut investor risk by funding startup costs. But talks had ground to a halt on setting out steps to extend the Kyoto Protocol, which some developed countries want linked to a review of the pact — too slow for some African countries. A new proposal for the review, reached on Friday, could break the deadlock, said the executive director of the UN’s climate change body, Yvo de Boer, on Friday.

—Reuters

 
SOURCE : Financial Express, Saturday, November 18, 2006
 


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