There was minimal progress on climate
finance for developing countries, with several European countries making pledges totaling US$ 6 billion over the next three years.
It will be
important for developing countries to have access to the technology that can help with education, infrastructure, health and productivity, the tools needed to lift people out of poverty.
For them this involves developed countries taking the lead on reducing emissions and providing finance and
assistance for developing countries undertaking a low - carbon transformation.
Will the final agreement be a fair and just agreement for the most vulnerable developing countries or will it be a favorable agreement
for developed countries with power?
The report identifies key capacity
issues for developing countries and proposes concrete recommendations for the wider use of renewable energy technologies to promote sustainable development and poverty reduction.
To ensure environmental integrity in an equitable manner developed countries must reduce their emissions by more than 40 % and leave sustainable development
space for developing countries.
These commitments are based on the legal principle of common but differentiated responsibilities that incorporates a grace
period for developing countries and financial and technology transfer support.
The purpose of the «treaty» is to provide a
framework for developed countries to reduce their emissions of greenhouse gases primarily by reducing their use of fossil fuels.
Making $ 50 billion of public finance available must remain a key
ask for developing countries and the steps towards achieving it should be taken NOW!
The proposed framework opens the
door for developing countries to possibly receive compensation for losses and damages that are incurred when efforts to mitigate and adapt to climate change have failed.
Nonetheless, it certainly qualifies as a «good read», and a must read for anyone who is, or plans to be, involved in literacy
drives for developing countries.
It is the most affordable
approach for developed countries, while providing significant new sources of development finance to tackle poverty in the developing world.
So without a major boost in carbon productivity, stabilizing greenhouse - gas emissions would require a major drop in
lifestyle for developed countries and would hinder economic development in low income countries.
They are not providing the finance
necessary for developing countries to adapt and mitigate, and have introduced mechanisms that benefit huge corporations rather than the people affected by climate change.