PM leads ministers in preparing for Copenhagen with $100bn proposal

by GreenWire.org.uk. Published Fri 26 Jun 2009 10:46, Last updated: 2009-06-26
PM leads ministers in preparing for Copenhagen climate deal
PM leads ministers in preparing for Copenhagen climate deal

The UK Government has today set out its manifesto for a global climate deal as Prime Minister Gordon Brown proposes a (US)$100 billion finance breakthrough

Launching the manifesto 'The Road to Copenhagen', UK Climate and Energy Secretary Ed Miliband said, “This is a make or break time for our climate and our future”, as the Government for the first time set out its detailed position ahead of global climate talks.

And making a keynote speech aimed at unblocking the most contentious area of the talks, Prime Minister Gordon Brown broke new ground among world leaders in setting out how the world should pay for avoiding dangerous climate change and adapting to its impacts.

With less than six months left before crucial climate negotiations take place in the Danish capital Copenhagen, the Government laid down why an international climate change agreement is vital for the world and what a deal must contain. The UK argues that the global deal on climate change must be:

Ambitious – Limit climate change to two degrees, by making sure global greenhouse gas emissions peak and start to reduce by 2020, and keep on shrinking to reach at most half of their 1990 levels by 2050.

Effective – Keep all countries to their word with strong monitoring, reporting and verification; and let money flow to where it will make most difference by developing carbon markets.

Fair – Support the poorest countries to cut their emissions and adapt to climate change.

Success in Copenhagen is also vital for Britain’s economic future and national security. Building a low-carbon Britain and securing a Copenhagen deal will be in our business and economic interests.

Over 800,000 people are now employed in the low-carbon sector in the UK and well over a million jobs are predicted by the middle of the next decade.

In his speech, the Prime Minister proposed a way forward for developed and developing countries to agree new mechanisms to pay for tackling climate change. He urged countries to work together on a global figure of around $100 billion per year by 2020 to help developing countries reduce their emissions, tackle deforestation and adapt to the climate change already being experienced.

He committed the UK to providing new finance additional to existing Official Development Assistance agreements.

Ed Miliband said: “This is make or break time for our climate and our future. With less than six months to go before crunch negotiations in Copenhagen, it’s clear that there is no plan B for the planet.

“The world’s got no option but to work together to get a global climate deal that’s ambitious, effective and fair.

“Our climate manifesto puts the British public in the front and centre of our efforts to get a climate deal.

“For people in Britain, getting a global deal now will mean reducing the risk of devastating future climate impacts and the huge extra costs that would bring. But it will also open the door to big new opportunities to create green jobs and economic prosperity.”

In advance of the G8 and Major Economies Summits in Italy next month, Gordon Brown urged his fellow leaders to agree on a new financing system to provide predictable and additional assistance to developing countries. This would incorporate investment flowing through a global carbon market, new mechanisms to raise public finance and a limited proportion of Official Development Assistance.

The funds would help developing countries to cut their emissions, use greener technology and reduce deforestation, as well as helping the poorest and most vulnerable countries cope with the effects of climate change already now occurring.

The Prime Minister also proposed far-reaching delivery and institutional arrangements to enhance the voice of developing countries on how the money is spent and to aid coordination between all the institutions dealing with climate finance.

Gordon Brown told ambassadors, green groups and business organisations gathered in London: "The UK is determined to secure an international agreement at Copenhagen that puts the world on a path to avoiding dangerous climate change.

“All countries have to take action, but to help developing countries move to low-carbon and climate-resilient growth we will need a new system of financial support for greener technology, deforestation and adaptation. I hope the proposals I set out today can help move the talks in that direction."

Douglas Alexander, the UK’s Development Secretary, added: "Climate change is a development issue. It is the world’s poorest people that are most vulnerable to the rising sea levels and extreme weather that a changing climate will bring, and it is vital that our work in tackling poverty reflects this.

"That is why funds are needed in addition to existing aid budgets, and why the UK is leading the way in helping developing countries to both prepare for the impact of climate change and build for a low-carbon future."

As part of the countdown to Copenhagen, the Government today:

Publishes and lays before Parliament ‘The Road to Copenhagen’, a document setting out why a deal is so important and, for the first time, the details of what kind of deal the UK Government is pushing for.

Distributes nearly 20,000 ‘Road to Copenhagen’ pamphlets, also available online, to schools, citizens advice centres and every library, explaining why a global deal is crucial and giving 15 top tips on what each of us can do to cut our carbon footprint as part of the global effort.

Launches www.actoncopenhagen.gov.uk – the official UK government website presenting information on the climate change negotiations. It will act as the domestic and international hub for information and communications in the lead up to the UN talks in Copenhagen in December 2009.

Presents a new and improved Act on CO2 online carbon calculator where people can find out how to lower their carbon footprint and save money at the save time.

Today’s announcement forms part of the Government’s 5-Point Plan to tackle climate change:

Protecting the public from immediate risk;
Preparing for the future through adaptation;
Pushing for an international agreement;
Building a low-carbon Britain;
Helping everyone play their part.

It follows the UK Climate Projections published last week, which showed that if the world follows a high emissions path, by the 2080s temperatures in Britain could be up to 12C warmer on the hottest summer days and sea levels could rise by 36cm.






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