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Sunday 27 December 2009

Climate Change Talks end with ‘noting’

Talks end with ‘noting’

Global Trends by MARTIN KHOR

The Copenhagen Conference ended in some disarray because a secretive meeting of leaders of 26 countries was seen as undemocratic by many, and its Accord was thus only “noted” and not adopted.
The Copenhagen Climate Con-ference ended in disarray, though not in complete failure, and the urgent task now is to pick up the pieces and get the global talks going again next year, as there is much at stake.
The Conference foundered in its last hours on the issue of international democracy and global governance.
The question was: Can a “deal” patched up by leaders of 26 countries in a secretive meeting that was not supposed to happen be simply presented to 193 countries to adopt without changes in the dying hours of what is claimed to be the most important international conference ever held?
The answer came in the early hours of Saturday morning, after many hours of high drama in the Conference hall, and it was “no”.
When Danish Prime Minister Lars Rasmussen, who presided over the Conference’s final days, convened the final plenary session late last Friday night, he for the first time, officially announced that a meeting had been taking place of leaders of 26 countries (whose names he did not give) and that a Copenhagen Accord had been drawn up for the Conference to adopt. As he tried to leave the podium after suspending the meeting for an hour, he was stopped by Venezuelan delegate Claudia Caldera on a point of order.
“After keeping us waiting for hours, after several leaders from developed countries have told the media an agreement has been reached when we haven’t even been given a text, you throw the paper on the table and try to leave the room,” she said.
This behavior is against United Nations practice and the UN Charter itself, she said.
“Until you tell us where the text has come from, and we hold consultations on it, we should not suspend this session. Even if we have to cut our hand and draw blood to make you allow us to speak, we will do so,” she added, referring to how she had banged on the table for almost a minute in her effort to get the attention of Rasmussen before he left the podium.
Several developed countries then spoke up to defend the work that had been done by the political leaders in the small group, which should be respected instead of vilified, and urged that the Copenhagen Accord be adopted.
This was also the position of several developing countries, including the Maldives, Ethiopia, Grenada and Lesotho. Notably, China and India — the developing countries that were the most active in the small meeting — did not speak to urge others to adopt the Accord.
When it became clear there was no consensus to adopt the document, some developed countries, led by the United Kingdom and Slovenia, proposed a vote be taken, or else that it be adopted with the names of dissenting countries placed in a footnote.
These “adoption by non-consensus” views were rejected by others who pointed out that it was against the rules of procedure.
After hours of wrangling and a break for consultations, a compromise was reached, in which a Decision was adopted in which the Conference of Parties “takes note of the Copenhagen Accord of 18 De­­cember 2009.”
The Accord, with the names of countries that took part in the small meeting, would be attached to the Decision.
In the language of the UN, “taking note” gives a low or neutral status to the document being referred to.
It means that the document is not approved by the meeting (in which case the word “adopts” would be used). “Taking note” also does not connote whether the document is seen in a positive light (in which case the word “welcomes” would be used) or negatively (in which case “rejects” or “disapproves of” would be used).
Following the adoption of the decision to simply “take note” of the document, more hours were spent on how to interpret the “takes note” decision, with the developed countries trying to stretch its meaning.
The US, supported by a number of other developed countries, tried to interpret the decision as allowing for an “opt in” type of arrangement, with countries notifying their intention to join. They tried to garner support for expanding the “takes note” decision into a system that seems styled after a plurilateral agreement, and linked it to the finance issue in an attempt to get support from developing countries.
Ed Miliband, the UK’s Climate Minister, was blunt about linking the funding of developing countries with accepting the Accord.
Those which support the Accord have to register this support.
The concerns he raised must be duly noted “otherwise we won’t operationalise the funds.”
The US wanted an arrangement through which Parties can associate with the Accord. It said there are funds in the Accord, and “it is open to any Party that is interested.”
This implies that Parties that do not register their endorsement of the Accord would not be eligible for funding. This attempted linkage of finance to the acceptance of the Accord is of course not in line with the rules of the Climate Convention, in which the which the developed countries have committed themselves to provide developing countries with the funds needed for them to take climate related actions.
Funding the actions of developing countries does not require that a new agreement or an Accord be established. The actual Copenhagen Accord itself is only three pages in length. What is left out is probably more important than what it contains.
The Accord does not mention any figures of the emission reduction that the developed countries are to undertake after 2012, either as an aggregate target or as individual country targets. This failure at attaining reduction commitments is the biggest failure of the document and of the whole Conference.
It marks the failure of leadership of the developed countries, which are responsible for most of the Greenhouse Gases retained in the atmosphere, to commit to an ambitious emissions target.
While the developing countries have demanded that the aggregate target should be over 40% reduction by 2020 compared to 1990 levels, the national pledges to date by developed countries amount to only 13-19% in aggregate. Perhaps, this very low ambition level is the reason that the Accord remains silent on this issue.
The Accord recognises the broad scientific view that global temperature increase should be below 2 degrees Celsius, and agrees to enhance cooperative action, on the basis of equity.
This echoes the view recently affirmed by India that accepting a target of temperature limit, whether it be 2 or 1.5 degrees, has to come with a burden-sharing framework, with equity as its basis.
The Accord states the collective commitment of developed countries to provide new and additional funds of US$30bil (RM103bil) in 2010-2012 through international institutions. It is unclear how new the funds will be, since the developed countries have already committed to contribute billions of dollars to the World Bank’s climate investment funds.
It also states the developed countries will jointly mobilize US$100bil (RM343bil) a year by 2020 for developing countries.
The Accord is a thin document, containing hardly any new commitments by developed countries, with a weak global goal, and attempts to get developing countries to do more. It is a sad reflection of the Copenhagen Conference that this thin document is being held up as its main achievement.

1 comments:

Ricard said...
American hegemony!

An insider’s view of US imperialism

An insider’s view of US imperialism

Review by ABBY WONG

Hoodwinked: An Economic Hit Man Reveals Why the
World Financial Markets Imploded and What We Need to
Do to Remake them
Author: John Perkins
Publisher: Broadway Books
THERE exists such a profession – Economic Hit Man (EHM). Sounds fascinating but it is an arcane profession known only by few because of its rather unnerving job description – traveling to third world countries blessed with resources that American corporations covet, bribing their leaders into privatisation and modernisation projects that will ravage the environment and result in debts so huge that these countries eventually default in payment and become part of the American colony.
“EHMs are highly paid professionals who cheat countries around the globe out of trillions of dollars,” John Perkins, a former EHM, deadpans.
While his experience as an EHM has enabled him to write Confessions of an Economic Hit Man, a worldwide bestseller that exposes the extent to which American corporations will go to maximise profit, it has also given him an insider view to analyse in greater depth the driving forces behind the recent financial meltdown that sent the US and the world spiraling towards disasters.
Perkins’ analysis is stunning and groundbreaking to anyone who cares about the world and world economy, but to bankers and corporate CEOs, it is a bombshell.
In Hoodwinked, his new tell-all book, Perkins reveals how the very system that is perpetrated by EHMs to countries outside of the US is being used within corporate America in the last two decades, destroying an economy that was once regulated and sustainable.
Perkins calls this system mutant capitalism in which CEOs of large corporations carry out unscrupulous, unjust and law-breaking business practices within the US and outside in every corner of the world to maximise short-term profits.
It was a system that began during Ronald Reagan’s administration when American companies were encouraged by its president to conquer the rest of the economic world, hoping to thwart the USSR and Cold War through capitalism. And it did.
As policy makers began to adopt Friedman’s loose monetary economics and turned their back against Keynesian conservative and regulatory economics, corporations merged and acquired to become bigger.
They peddled their ever-increasing products to new markets until the world was saturated with so many goods that they became needless and useless. When demands ran dry and profits were threatened, companies and policy makers came out with a creative solution: loosen the monetary policy to allow consumers easy access to credit so as to expand their ability to spend.
In economic terms, they superficially shifted the whole demand curve thanks to two powerful Friedman economists – Federal Reserve chairman Alan Greenspan and Secretary of the Treasury Robert Rubin, both of whom served under the Clinton administration.
Corporate America moved swiftly from manufacturing to paper finance in the 1990s. Gone were classic American ingenuity and entrepreneurship stories of Dell, Bill Gates and Steve Jobs.
While conglomerates still manufactured and used their monopolistic tentacles to invade every corner of the world, it was investment bankers that reined the corporate world.
The greedy herd from all over the world rushed into the financial world despite the incomprehensible nature of financial products and investment schemes.
Those who fretted were fools because there was so much money to be made from stocks, real estate or any other medium of investment in any part of the world.
The financial world had never been so connected and Alan Greenspan was christened the most powerful person in the world.
It did not take long for the millions of Americans, and millions more outside of the US, who had spent to the hilt and leveraged through the roof to default.
Like EMHs did to third world nations, investment bankers enslaved consumers with debt that they could not pay. By the time the whole system collapsed, the world headed towards calamity.
The whole book reads like a thriller but it is not at all fiction. Some of the events narrated are still fresh in our minds, those who worked in the financial markets during the 1990s and 2000s. While Perkins is harsh in his criticism of corrupt bankers, politicians and EHMs, what piques him the most are the powerful conglomerates that make money at the expense of people and the environment.
The world would be a better place if corporations could be more socially responsible by moving beyond profit-maximisation, materialism and militarism that characterise the current economy to one that produces goods and services that serve the earth as well as its billions of inhabitants.
It is rare to see someone who is deeply involved with the government and corporate world to come forward and disclose the dark netherworld of US imperialism. Perkins’ book is a must-read for it is a work of moral courage and righteousness.