Not exact matches
However, a recent report from Friends of the Earth entitled «A Dangerous Distraction» was highly critical of the CDM, suggesting that rather
than reducing global emissions or benefiting
developing countries, offsetting was merely leading to more ingenious ways to avoid
cutting emissions.
More
than 40 mainly
developed countries, including New Zealand and members of the European Union, have, or are in the process of
developing, markets to help
cut their output of climate - warming emissions by putting a price on carbon dioxide.
Rather
than trying to monetize all emissions in emerging economies, the clean development mechanism offers a better compromise in theory because it promises to constrain trading to areas where
developing countries have made actual
cuts.
One major implication of the IPCC's carbon budget, they said, is that
developing countries that are set to surpass the industrialized world as the biggest CO2 emitters during the 21st
country will need to
cut their emissions sooner
than currently planned.
A host of
developing countries, from China to Bolivia to the Philippines, took to the podium to insist that
developed countries cut their emissions very rapidly by far more
than they had planned.
Under this road map, the
developed countries in the Kyoto Protocol would take on their second - period commitments that in aggregate would reach the science - based requirement of 25 - 40 per cent emissions
cut (or more
than 40 % as demanded by
developing countries) by 2020 compared to 1990.
On stage, Pablo Solon's presentation shows exactly that:
developing countries are actually pledging
cuts higher
than their rich, industrialised counterparts.
While some Parties are making more progress in
cutting emissions
than others, what unsettles us the most is that not a single
developed country has indicated their intention to increase their targets for 2020, neither those
countries that remain under the Kyoto Protocol or, even worse, from those who have stepped outside (or were never in).
Consequently, the
developed country share of reducing the emissions have options that include 75 - 85 %
cuts; at least 80 - 95 %
cuts; more
than 95 %
cuts by 2050 and more
than 100 % by 2040 based on 1990 levels.