Update on Global Governance: The latest UN Conference
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Day 1
Day 4
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United Nations Framework Convention on Climate Change
Fourth Session of the Conference of the Parties November 2-13, 1998
"The task of this conference is to maintain the POLITICAL momentum
generated by Kyoto. Climate change must remain high on national AGENDAS;
ministers must remain committed to seeking agreement and achieving timely
results," proclaimed Michael Jammit Cutajar, Executive Secretary of the
Buenos Aires UN Framework Convention on Climate Change in his opening
statement.
As of the end of September, 57 countries have signed the Kyoto Protocol.
President Clinton has yet to submit it to the U.S. Senate, not because he
is protecting American sovereignty, but because he wants developing
countries to have "meaningful participation," whatever that means.
Argentina proposed that developing countries adopt "voluntary commitments"
to reduce greenhouse gas emissions, but the motion was withdrawn.
Developing countries (G77/China as identified within the UN system) argued
that "developed nations are the ones that should assume reduction
commitments, and not the developing countries whose growth could be
jeopardized."
Americans cannot expect such determination from the U.S. lead negotiator in
both Kyoto and Buenos Aires, Stuart Eizenstat. The Under Secretary of State
for Economic, Business and Agricultural Affairs, says this conference is "a
significant milestone in efforts to consolidate our gains and to make
concrete and operational our Kyoto achievements." In Kyoto, the U.S. agreed
to reduce our "greenhouse gas" emissions by 7% by 2008-2012 even though
science has yet to prove that the earth is warming or that man's activities
could cause "global warming."
In Kyoto, Eizenstat agreed to the schemes: "emissions trading," "joint
implementation" between developed countries, and a "clean development
mechanism" to encourage joint emissions reduction projects between
developed and developing countries. In Buenos Aires, how those schemes will
be implemented and monitored is being discussed.
· How will the transfer of portions of assigned amounts of "greenhouse
gases" be verified and monitored?
· What compliance mechanisms should be required at the national level?
· What types of consequences should Parties be considering, and should
those consequences be automatic but appealable?
· If a Party has oversold "emissions credits" at the end of the budget
period, who is responsible: the buyer, or the seller, or both?
· Should there be automatic consequences for those that have bought or sold
"bad tons?"
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