Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-15-Speech-2-252"
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"en.20090915.19.2-252"2
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"− This is a very timely question and I could answer very briefly that the priorities are agreement in Copenhagen for reduction commitments by developed countries, nationally appropriate mitigation actions by developing countries, and finance.
I would, however, like to say a few more words. We now have less than three months until Copenhagen and the climate talks have now entered into a crucial phase.
With 250 pages of negotiating text on the table, the negotiations have not yet gathered sufficient momentum to come to an agreement that is ambitious and detailed enough. However, among most parties there is a sense of urgency and the willingness to focus on areas of convergence. The ultimate objective of the climate agreement is to keep global warming below 2 degrees Celsius, an objective that was endorsed at the last G8 summit and the Major Economies Forum.
We need comparable and more ambitious emission reduction targets for the group of developed countries, which in aggregate today offer less than 15% reduction as compared with 1990. This falls short of the 25-40% reduction required by science. We welcome the fact that Japan will strengthen its target. The EU has offered to take up a 30% reduction target if others make comparable commitments.
Developing countries should take appropriate mitigation actions to curb the growth of their emissions to 15-30% below business as usual by 2020. The EU proposes that developing countries (except Least Developed Countries) design and implement low carbon growth plans containing their key mitigation actions. These plans would then form the basis for targeted financial and other support.
Adequate international financing will be essential to reach an effective agreement in Copenhagen. Money will make or break the deal. We need to mobilise private investment and promote the establishment of a robust international carbon market, but substantial public funding will also be required. In this respect, it is worth mentioning the global partnership on technology, which aims at doubling investment in low carbon technologies. Furthermore, we have to strengthen support to the poorest and most vulnerable countries to adapt to the increasing adverse effects of climate change.
Last week, on 10 September 2009, the Commission adopted a communication on stepping up international climate finance, which aims at speeding up the international negotiations. There is a daunting task ahead of us, with intense negotiations over the coming months – but failure is not an option."@en1
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