Tag: Durban summit

The EU is considering the deployment of carbon allowance revenues from international airlines to fund climate aid to the poorest countries, under a planned $100 billion-a-year global relief fund.

Europe is uniquely well-positioned to lead the world in reducing carbon emissions, argue Shin-pei Tsay and Deborah Gordon of the Carnegie Endowment for International Peace. They outline four major ways this could be achieved.

Climate negotiators agreed a pact on Sunday (11 December) that would for the first time force all the biggest polluters to take action on greenhouse gas emissions, but critics said the action plan was not aggressive enough to slow the pace of global warming.

Negotiators in Durban must put aside their national interests and come up with common targets on emission cuts and climate funding within the spirit of solidarity in order to achieve a climate breakthrough, argues Roeland Scholtalbers.

European finance ministers have reiterated a commitment to providing international climate finance, but are keeping their money cards close to the chest in the run up to the United Nation's climate change conference in Durban later this year.

UN talks have run out of time to meet a December 2012 deadline to put in place a binding successor to the Kyoto Protocol on curbing greenhouse gases, the UN's top climate official said on Monday (6 June).