Climate Treaty Would Create New Global Agencies to Transfer Money and Technology from U.S. and Other Developed Countries to Third World
Released Friday by the Ad Hoc Working Group on Long Term Cooperative Action (AWG-LCA)--the U.N. group responsible for negotiating a successor to the Kyoto Protocol treaty at Copenhagen--the draft proposal outlines the major commitments and obligations of both developed and undeveloped nations.
Among the proposals the draft agreement outlines are a new international agency responsible for redistributing financial resources from developed countries to developing ones and another new international agency that would coordinate the redistribution of advanced technologies to those same developing countries.
Under the proposed agreement, the details of which will be worked out over the coming week, developed countries--including the United States--would be responsible for not only enacting their own “legally-binding” environmental laws but also for funding and assisting the environmental agendas of Third World states.
“Developed country Parties shall undertake, individually or jointly, legally binding nationally appropriate mitigation commitments or actions, [including][expressed as] quantified economywide emission reduction objectives with a view to reducing the collective greenhouse gas emissions of developed country Parties by at least [25–40] [in the order of 30]   per cent from 1990 levels by 2020;” the draft reads. The bracketed portions represent details which have not yet been finalized.
“Developed country Parties shall provide adequate, predictable and sustainable financial resources, technology and capacity-building to support the implementation of adaptation action in developing country Parties,” says the draft.
In fact, developed nations must finance and provide technological support for developing countries’ “enabling activities” including the planning and preparation of emissions reductions efforts and the measuring of greenhouse gas emissions.
“Enabling activities, such as preparation and elaboration of low-emission development plans, preparation of national communications and greenhouse gas inventories, and planning and elaboration of nationally appropriate mitigation actions, and related capacity-building, carried out by developing country Parties, shall be supported on the basis of the agreed full costs,” says the draft.
“Developed country Parties shall provide new and additional financial resources and technology and institutional capacity-building support for nationally appropriate mitigation actions on the basis of agreed full incremental costs, in accordance with Article 4, paragraphs 3, 5 and 7 and Article 11, paragraph 5, of the Convention,” the draft says.
To facilitate these plans, developed nations must pay annual contributions starting in 2013. These new international fees would be collected and redistributed by a new international agency.
“[Developed country Parties][All Parties, except least developed countries,] shall, beginning in 2013, provide resources based on an [assessed][indicative] scale of contributions] to be adopted by the Conference of the Parties]
“To [establish] [define] an [X] body, which shall [work under the [guidance [and
authority] of and] be accountable to the Conference of the Parties, [to implement the policies, programme priorities and eligibility criteria of the financial mechanism],” the draft treaty says.
In order to coordinate the redistribution of technology from developed countries to developing ones, and new “Technology Mechanism” will be created that will “accelerate the diffusion” of technology around the world.
“To establish a Technology Mechanism…to accelerate technology development and transfer in support of action on adaptation and mitigation that will be guided by a country-driven approach, consisting of: (a) [An Executive Body on Technology][A Technology Action Committee] in accordance with terms of reference to be adopted by the Conference of the Parties,” says the draft. “(b) A Consultative Network for Climate Technology to be supported by regional technology centres to support and accelerate the diffusion of environmentally sound technologies for mitigation and adaptation through the provision of technical assistance to support action on adaptation and mitigation in developing country Parties.”