Who pays? Who cuts emissions? 5 issues for UN climate deal
In
At this point it’s essentially a wish list with multiple options reflecting the diverging preferences of rich countries like the U.S. and
Over the next 10 months, governments must try to find common ground on a range of thorny issues. Here’s a look at the most important ones:
WHO DOES WHAT?
Unless the world can agree on a formula for how to divide the cuts in heat-trapping carbon emissions that scientists say is required to avoid dangerous levels of warming,
Under the previous U.N. climate deal, the 1997 Kyoto Protocol, only rich countries were required to limit their emissions, primarily from burning coal, oil and gas. Now, with the majority of emissions coming from developing countries, everyone is supposed to chip in. But how?
Continuing the split between developed and developing countries is a no-go for the former, while the latter are concerned that a new system would enable rich countries to hand over the responsibility for tackling global warming.
BINDING OR NOT
If and when delegates emerge with a deal in
All those options remain on the table more than four years after they were introduced.
Those who, like the
Finding a legal form acceptable to everyone is a major challenge. One possibility is requiring each country to set a target, but without a penalty for missing it.
MONEY, MONEY, MONEY
Some critics of the U.N. talks describe them as a massive wealth transfer scheme. That ignores the fact that most developing countries need money and technology to grow their economies in a cleaner way than today’s rich countries did for decades before the impact of carbon pollution was understood. Also, the world’s poor are the most vulnerable to climate change and did the least to create the problem.
But it’s also wrong to assume that the good of the planet always takes center stage in the negotiations. Rich, poor and middle-income countries all want the deal to reflect their national economic priorities.
Right now the trickiest money issue is how to raise the
MARKETS
Countries still haven’t decided whether the new agreement should include market mechanisms that would allow countries and companies to offset their own emissions by paying for reductions elsewhere.
Europeans and others see carbon markets as essential to fighting climate change. But some anti-capitalist countries led by
LONG-TERM GOAL
To avoid the most dangerous impacts of climate change, countries have already agreed that the global temperature rise should stay below 2 degrees Celsius (3.6 F), compared to pre-industrial times. But many want the
Some say the agreement should incorporate the U.N. climate science panel’s finding that to have a two-thirds chance of staying below 2 degrees C the world must cut emissions by 40-70 percent by 2050. Others want to go further, calling for net zero emissions by mid-century, meaning no more emissions than the world’s forests can absorb.
Category: International
Obama’s big new scandal?
One of America’s most widely read financial journalists says a huge new scandal is working its way through the Obama administration. Learn more here.




