Posted by: Grant | November 6, 2011

G20 – “Climate” Platitudes

Sometimes it’s what they don’t say.

“Climate” comes in halfway down the Final Declaration (item 61 of 95) and consists of a lot of trite, meaningless, waffle.


” …52. We stress the importance of well-functioning and transparent physical and financial energy markets, reduced excessive price volatility, improved energy efficiency and better access to clean technologies, to achieve strong growth that is both sustainable and inclusive. We are committed to promote sustainable development and green growth and to continue our efforts to face the challenge of climate change.

57. We reaffirm our commitment to rationalise and phase-out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption, while providing targeted support for the poorest. We welcome the country progress reports on implementing strategies for rationalizing and phasing out inefficient fossil fuel subsidies, as well as the joint report from the IEA, OPEC, OECD and the World Bank on fossil fuels and other energy support measures. We ask our Finance Ministers and other relevant officials to press ahead with reforms and report back next year…. “

” …Fostering Clean energy, Green Growth and Sustainable Development

59. We will promote low-carbon development strategies in order to optimize the potential for green growth and ensure sustainable development in our countries and beyond. We commit to encouraging effective policies that overcome barriers to efficiency, or otherwise spur innovation and deployment of clean and efficient energy technologies. We welcome the UN Secretary General’s “Sustainable Energy for All” initiative. We support the development and deployment of clean energy and energy efficiency (C3E) technologies. We welcome the assessment of the countries’ current situation regarding the deployment of these technologies as well as the on-going exercise of sharing best practices, as a basis for better policy making.

60. We are committed to the success of the United Nations Conference on Sustainable Development in Rio de Janeiro in 2012. “Rio + 20” will be an opportunity to mobilize the political will needed to reinsert sustainable development at the heart of the international agenda, as a long term solution to growth, job creation, poverty reduction and environment protection. A green and inclusive growth will create a broad spectrum of opportunities in new industries and in areas such as environmental services, renewable energy and new ways to provide basic services to the poor.

Pursuing the Fight against Climate Change

61. We are committed to the success of the upcoming Durban Conference on Climate Change on 28 November – 9 December 2011. We support South Africa as the incoming President of the Conference. We call for the implementation of the Cancun agreements and further progress in all areas of negotiation in Durban.

62. We stand ready to work towards operationalization of the Green Climate Fund as part of a balanced outcome in Durban, building upon the report of the Transitional Committee.

63. Financing the fight against climate change is one of our main priorities. In Copenhagen, developed countries have committed to the goal of mobilizing jointly USD 100 billion per year from all sources by 2020 to assist developing countries to mitigate and adapt to the impact of climate change, in the context of meaningful mitigation actions and transparency. We discussed the World Bank – IMF – OECD – regional development banks report on climate finance and call for continued work taking into account the objectives, provisions and principles of the UNFCCC by international financial institutions and the relevant UN organizations. We ask our Finance Ministers to report to us at our next Summit on progress made on climate finance.

64. We reaffirm that climate finance will come from a wide variety of sources, public and private, bilateral and multilateral, including innovative sources of finance. We recognize the role of public finance and public policy in supporting climate-related investments in developing countries. We underline the role of the private sector in supporting climate-related investments globally, particularly through various market-based mechanisms and also call on the MDBs to develop new and innovative financial instruments to increase their leveraging effect on private flows…. “

Bill was not impressed!

Microsoft philanthropist urges G20 not to ignore world’s poorest countries as it tackles crisis
Thursday, 03 November 2011

” …The eurozone crisis has hijacked the agenda of the G20 summit as it threatens to tip the world economy back into recession but Gates said that despite the fragile financial situation more can be done for the poor.

 Gates’ report to G20 leaders, whose countries account for 85 percent of the global economy, suggests they can raise over $250 billion (18O billion euros), a modest part of which could accelerate the development of poor countries.

 Rapid development brings “both humanitarian and economic” benefits, said Gates, noting the immense progress made by emerging giants China, India and Brazil over past decades.

 The report’s suggestions include harnessing innovation, tapping private resources, including savings of Diaspora communities and sovereign wealth funds, better management of energy resources and effective taxation…. “


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