NEW KIDS ON THE COURT
CANCUN LAYS BUILDING BLOCK
1. JAYANTA BASU
Cancun ( Maxcio) DEC 11
The worlds nation today adopted a package dubbed the cancun Agreements buildings blocks for a future legal treaty to address climate change amid concerns that commitments to avert acceptable level of global warming remain missing. Negotiators from 194 countries agreed on a set of decision that the un climate secretariat said would set all governments “more firmly on the path towards the low emissions future” and provide support to developing countries on their action on climate change. India played a key role at the climate change summit , proposing a new mechanism to allow international scrutiny of all countries’ including India’ s action to crub emission of greenhouse gases. The invironment minister Jairam Ramesh also signalled that India would eventually consider legally –binding crubs on emission, a shift from its long standing position. Some environmental grouos have criticised these moves by India. But climate change analysts have said India’s proposal for serutiny of the climate climate change exchange actions reflect an acceptance of the principal of transparency. ‘’ And (Rmesh’s) assertions on legaklly binding actions is an indicator that India is willing to shift from the position of doing nothing to joining the global community in fiting climate change ,”an analyst in Cancun said.
‘’This does not mean India will accept legally – bending cuts next year,’’ he said . The Cancun documents of ficially recognise emissions curbs targets set by industrialised and developing countries and once every year by the developing countries. But the target of cutting global emissions by 50 % by the year 2050- part of the draft circulated yesterday – has been replaced by text calling for ‘’ subsantial’’ reductions in blobal emissions by 2050 .
The Cancun decision pledge US$30 billion in fast start finance from the...