ur_inner_child
.%$^!@&^#(*!?.%$^?!.
- Joined
- Mar 9, 2004
- Messages
- 6,084
- Gender
- Female
- HSC
- 2004
This thread encompasses issues that are discussed by leaders during the Asia-Pacific Economic Co-operation (APEC) summit. I hope that it will be updated regularly by forum participants. Any discussion regarding APEC security/protests etc ought to be made in a seperate thread.
$70 million in climate change funds
$70 million in climate change funds
Cleaner technologies cut emission: ABAREPrime Minister John Howard has announced $70 million in international climate change initiatives on the first day of the Asia-Pacific Economic Co-operation summit in Sydney.
Mr Howard said Australia will contribute $50 million to the Asia Pacific Partnership on Clean Development and Climate.
The funding will be used to develop cleaner, more efficient technologies.
The $50 million is on top of $100 million announced in January last year, which has already been committed to 63 regional projects.
Some of it will help our neighbours improve the ability of their forests to capture and store carbon dioxide and to improve links between researchers in the region working on low-emissions energy and energy-efficient technologies.
Mr Howard said he had put climate change on the APEC agenda and, while it wouldn't be the only item, it would be an important part of discussions.
Climate change discussions at APEC come ahead of two international meetings on the issue - one between major economies in Washington at the end of this month and a UN meeting in Bali in December.
Mr Howard said Australia had to be realistic on what would be achieved on climate change during APEC.
"We won't reach agreement nor do we imagine for a moment that we could reach agreement on binding targets amongst the member countries of APEC," he said.
"The developing countries have made that clear and for very understandable reasons.
"But we can reach a framework agreement, if we work hard enough, on the shape of a post-Kyoto approach to the international response to climate change.
"That is also a recognition that different countries come to their contributions to reducing greenhouse gas emissions in different ways."
Mr Howard said it was absurd to try to impose a top-down approach to climate change on countries which have such diverse needs as China, which is a developing nation but a powerful economy, and the economies of Europe, the US and Australia.
He said it needed to be recognised that APEC economies had different needs and different interests.
Developing countries accounted for around half of global emissions and would account for three quarters of the projected increase in emissions up to 2030, he said.
"We do not believe that continuing down the Kyoto path is going to provide a solution to the problem," he said....
A new ABARE report says the widespread adoption of cleaner, more advanced and energy efficient technologies can greatly reduce the growth in greenhouse gas emissions in APEC economies.
ABARE, the Australian Bureau of Agricultural and Resource Economics, said investment in cleaner, more advanced and energy efficient technologies could reduce emissions in the APEC region by about 49 per cent relative to what would otherwise be the case at 2050.
The report also backs investment in forest carbon sinks to achieve further reductions in greenhouse gas emissions.
ABARE executive director Phillip Glyde said that, with energy consumption in APEC economies projected to increase by 140 per cent, investment in technologies to reduce greenhouse gas emissions was crucial.
"APEC economies account for over half of the world's energy use, economic output and greenhouse gas emissions and over a third of the world's population," Mr Glyde said in a statement.
"Under current policy settings, energy consumption in APEC economies is projected to increase by about 140 per cent between 2004 and 2050.
"By 2050, greenhouse gas emissions are projected to be about 130 per cent higher in APEC economies relative to 2004 levels."
He said that in order to achieve further reductions in emissions, governments might also choose to increase terrestrial sinks in forestry areas by fostering sustainable forest management and lowering the rate of deforestation.
"APEC economies in particular have a role to play here as they account for around 54 per cent of the global managed and natural forest area," Mr Glyde said.
"If APEC were able to halve current deforestation rates in tropical Asian member economies over the period 2009-50 this would lead to an estimated 70 per cent fall in forestry related emissions in these economies at 2050 compared with what otherwise would be the case, according to the scenarios analysed in the report."
He said the weight of global economic activity had shifted to the APEC region in recent years.
"Access to affordable and reliable energy supplies and open markets for trade and investment will allow the economic success of APEC to continue," Mr Glyde said.