Energy Policies Adverse Impact Climate
International Energy Agency shared early excerpts of the World Energy Outlook 2009 to inform the climate change negotiations leading into Copenhagen that continuing with today’s energy policies would lead to severe climate change impacts. It noted that if right policies put in place promptly, this could help to achieve 450 ppm but some wondered whether it will be adequate. Meanwhile developing countries are opposed to “the concerted efforts to put the Kyoto Protocol aside. There has to be come comparability between the US and EU commitments. Now there is uncertainty regarding law, scope and nature of commitments, said Shyam Saran, the PM’s Special Envoy on Climate Change in Bangkok. He explained that their proposal for funding sources in the form of assessed contributions from developed countries was based on the experiences of the Group of G-77 and China. He said financing provided through existing institutions outside the Convention has been inadequate and he highlighted the need for...