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Biggest Polluters Focused on Finance at Climate Summit

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Representatives from the world’s biggest polluters met in Washington on Monday 19th April, to discuss about a short-term financing project to help developing countries adapt to global warming.

The Major Economies Forum on Energy and Climate was hosted by the United Nations. It included presentations by the United States and other developed countries on what they would do to make good on financing outlined in the Copenhagen Accord resulting from last year’s U.N. climate meeting in Denmark.

However, after the meeting, the top US climate negotiator, Todd Stern, admitted that a binding agreement on curbing greenhouse gas emissions may not even be possible at the next UN climate summit scheduled for December in Cancun, but that progress can still be made on many issues.

“There’s still considerable support for the notion of a legal agreement … but I think that people are also quite cognizant of the notion that it might or might not happen”, he said.

The United States is the only industrialized nation outside the existing Kyoto Protocol, the U.N. plan obliging them to cut their greenhouse gas emissions by an average of at least 5 percent below 1990 levels during the period 2008-12.

Meanwhile, a very different climate summit began in Tiquipaya, Bolivia. The World Peoples’ Summit on Climate Change and Rights of Mother Earth started here on Monday 19th April.

The Bolivian president, Evo Morales, proposed the Cochabamba meeting in the wake of the climate change summit in Copenhagen last December, arguing that the views of developing countries were largely ignored. Morales’ idea is to give a voice to the world’s poorest people.

Several thousand people are expected in Cochabamba. Among them, indigenous and civil society movements, scientists, activists and government delegations will attend the meeting. The summit will run until Thursday 22nd April. Mother Earth will be celebrated that day.

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