Cancun package merely prevents collapse and leaves kyoto protocol on life

Climate and Capitalism ~ Bolivia: Cancun deal is hollow and false; Its cost will be measured in human lives

Editorial @ Guardian ~ Cancún climate summit: Yet another opportunity lost: Any significance of the decisions taken vanishes when matched against the scale of things to come

The Ecologist ~ Cancun climate summit fails to agree successor to Kyoto Protocol

Friends of the Earth International ~ Cancun package merely prevents collapse and leaves kyoto protocol on life support

CANCUN, MEXICO, 11 December 2010 – The agreement adopted at the UN climate talks in Cancun has failed to make progress on the most essential part: steep, binding emissions cuts for developed countries. Friends of the Earth International warns that this agreement provides a platform for abandoning the Kyoto Protocol, replacing it with a weak pledge and review system as a legacy of the Copenhagen Accord, that would lead to a devastating five degree Celsius warming.

Nnnimmo Bassey, chair of Friends of the Earth International said: “The agreement reached here is wholly inadequate and could lead to catastrophic climate change. The rich countries that are primarily responsible for climate change, lead by the US, with Russia and Japan, are to blame for the lack of desperately needed greater ambition. This is a slap in the face of those who already suffer from climate change. But in the end all of us will be affected by the lack of ambition and political will of a small group of countries”

To prevent catastrophic climate change, an agreement is needed that includes science-based, aggregate targets for developed countries under the Kyoto Protocol, whereby rich countries reduce emissions by at least 40 percent with no role for carbon markets, offsets and loopholes. Carbon markets are not the solution for climate change but just a means for rich countries to continue business as usual.

Despite the lack of advancement on key issues, some progress has been made in other areas. The establishment of a Global Climate Fund is a step forward to build on. The 100 billion dollars put on the table for this fund, however, is not commensurate with equity and need. Rich countries must live up to their obligations to provide sufficient public funds to developing countries so they can grow cleanly and adept to the impacts of climate change they already suffer from.  Progress has also been achieved in adaptation to help poor countries address the impacts of climate change. The World Bank having a role in climate finance is not acceptable. (…)