The Mexican government is confident that the XVI UN Conference on Climate Change, which will open in Cancun next Monday, will approve the creation of a long-term financial fund, also known as the Green Fund, to support developing nations in their fight against Climate Change. Mexican Foreign Minister Patricia Espinosa said in an interview with Efe that this mechanism, which can be endowed with 100,000 million dollars annually from 2020, "has to be predictable and oriented exclusively to developing countries."
According to Espinosa, who will preside over the XVI Conference of the Parties to the UN (COP16), it is possible that the meeting that will conclude on December 10 will approve the general rules for the operation of this long-term mechanism, but it will probably not be possible to agree on what type of institution will manage it. "We have not yet achieved a unified vision on whether we are going to use institutions that already exist or whether a new institution should be created," the foreign ministry said. However, she was in favor of "not creating more bureaucracy and using existing institutions, such as development banks."
He also considered that the Climate Summit can provide "greater transparency" to the so-called fast track funds that were established at 30,000 million dollars for the period 2010-2012 and of which 28,000 million have already been committed. He also assured that the Cancun conference will be able to reach agreements to facilitate the transfer of technology from developed to developing countries. Espinosa downplayed the fact that it has been ruled out that during the Summit a binding agreement on emission reductions (mitigation) can be reached. That "is not the goal, because the goal is to limit the increase in the planet's temperature through the reduction of greenhouse gases," he said.
The important thing for developing countries, which do not contribute to their emissions but suffer the consequences of Climate Change, is to have the possibility of taking actions that help them adapt to global warming, such as those that will be allowed by the financial mechanisms that will be approved in Cancun, he explained. "Cancun will be remembered as the true beginning of effective efforts to address the underlying problem" that is global warming, Espinosa said. At COP16, he added, "indispensable decisions will be made" to have greater scope at the next meeting, in South Africa. He was also optimistic about the possibility of the Summit implementing mechanisms to reduce emissions from deforestation and forest degradation (REDD+) that are estimated to be 20% of global greenhouse gas emissions.
The foreign minister also referred to the positions of China and the United States, the two main emitters of polluting gases, without whose participation, she said, "the efforts of the international community will not have the same importance." He asked those attending the Cancun Summit to "visualize" their decisions in favor of achieving the common good that is to limit global warming of the planet. The failure of the previous meeting, held in Copenhagen, where only a minimum agreement was reached not signed by all countries, made clear the need to prepare for Cancun an "inclusive" process that allows all nations to be part of the discussions, said the minister.
Espinosa said that for Mexico it is an "enormous privilege and challenge" to be the host and considered that it is "a recognition of its institutions and its leadership." In that sense, he said that Mexico "has the conditions to hold an event of this magnitude" despite other problems in the country such as the wave of violence of organized crime that has left 30,000 dead in the last four years.
Related Posts:
- Mexico will organize the Climate Change Village within the framework of COP16/CMP6
- Underwater Museum to Protect Reefs in Mexico
- Planeta CNN takes you to COP 16 in Cancun
- Aerogenerator Installed Next to COP 16
- Wants president of Mexico Green Fund in 2009
Authors: Val
