A “scaling up” of the Clean Development Mechanism (
CDM)
may be the vital ingredient of a successor agreement to the
Kyoto
Protocol, a key UN climate official said.
The annual meeting of
signatory nations to the UN climate convention and the Kyoto Protocol meet in
Nairobi next week with the tough talking to begin on what should take over from
Kyoto when it expires in 2012.
The big challenges are how to achieve
agreement among developing nations to commit to some form emissions reduction or
containment targets, and also the US, the world’s largest emitter and along with
Australia makes up the only two developed countries not to ratify
Kyoto.
Developing countries say why should they pay the cost of reducing
emissions before all the rich countries who created the problem over the past
two centuries do their bit. This would hamper their economic development at a
time when they are trying to lift their people out of poverty.
The US
and Australia say why should they penalise their domestic economies when large
emitters like China and India don’t have to.
The CDM, where rich
countries and their companies pay for emissions reducing investment in clean
technology in the developing world, may hold the answer. If developing nations
were set targets, and the developed world given the incentive to pay to help
meet them, then everyone might be happy.
"The key term you'll be hearing
in Nairobi is scaling up," said Michael Zammit Cutajar, head of a UN forum
set up to explore possible ways forward post-Kyoto. "If we're heading to a much
more energetic and ambitious emission reduction strategy beyond 2012 there'll
have to be a bigger CDM," Reuters reports Zammit saying.
Another UN
official, Janos Pasztor, envisaged that the emission reduction tonnage so far in
the pipeline under the CDM being multiplied twenty times under such a plan.
"Potentially it could be much, much bigger," Pasztor said. "I don't see any
inherent problem scaling up. All of this is feasible, let it
come."
Proposals to incorporate carbon dioxide capture and underground
storage, as well as avoded deforestation, in the CDM are also expected to be
addressed.
Reuters 1/11/06