Civic Exchange and Singapore Institute for International Affairs released the report Climate Change Negotiations: An Asian Stir Fry of Options. The report argues that negotiators in Bali are unlikely to get developing countries to agree to mandatory emissions targets, and should instead focus on aligning their energy security and sustainable development interests through a reformed CDM, the promotion of energy efficiency and the use of current technology.
A full copy of the 'Climate Change Negotiations: an Asian Stir Fry of Options' report sponsored by CLP Group is available for download on the Civic Exchange website http://www.civic-exchange.org/publications/2007/climate.pdf
A summary of the report can be found below.
- Understanding Risks: In the foreseeable future, it is likely that the risks of dangerous climate change will be more fully grasped and mitigation measures better tested, and this will propel all nations to take more stringent action to stabilise GHG emissions.
- Asia's "Second Commitment Period" Negotiations: Given that the developing world is not yet ready to agree to a specific stabilisation goal and binding national targets, and in view of the universal desire to ensure that negotiations for the "second commitment period" will lead to meaningful results in the short term, it is essential to align Asia's growing concerns about energy security and interest in achieving sustainable development by increasing its capacity to achieve a low-carbon future.
- Make Use of Current Technologies: Asia and the developing world can go a long way to be much more energy efficient and reduce carbon emissions using current technologies but they will need to be assisted by the transfers of funds and technology from the developed world.
- Reform the CDM: An appropriately reformed CDM can be most helpful to provide Asia and the developing world with a menu of options to be more energy efficient, reduce carbon emissions and achieve sustainable development.
- Creating a Menu of Options: The 'menu' of interrelated options includes -
- Reform the CDM so as to align climate change and developing goals of developing countries by:
- Linking CDM to SD-PAMs.
- Discounting CERs in order to reduce and not just shift emissions.
- Include forest mitigation in Kyoto Protocol's framework by:
- Putting in place robust and effective accounting, monitoring, implementation and enforcement at local level;
- Integrating forest mitigation with developing countries' SD-PAMs;
- Mobilising financial-technical resources to aid developing countries; and
- Integrating with Kyoto Protocol's 'flexible mechanisms' to provide incentives for funding and technology partnerships between developed and developing countries.
- Promote adaptation in Kyoto Protocol's framework by:
- Enhancing the UNFCCC's Adaptation Fund and integrating adaptation with Kyoto's 'flexible mechanisms';
- Integrating adaptation into the full range of development aid; and
- Using 'climate insurance'.
6. Other helpful measures: These include -
- Developed countries to lead by reducing emissions more aggressively.
- Governments to provide co-ordinated and multi-dimensional governance through appropriate regulatory frameworks and legislation to set incentives, encourage investment and develop carbon markets to generate emissions reduction.
- Decision-makers can set-up a 'Technology Clearing House' to help them decide which types of technology are right for their countries.
- Continue to refine and expand carbon markets.
- Collaborate on science, research and technology.
Asia is learning: Asia is doing 'homework' to understand the science and risks of climate change. They need to be ready to step-up and change direction in order to avoid catastrophic climate change.