Key Issues for a Successful Copenhagen Climate Change Summit: The Role of Emerging Countries in Asia
| September 2, 2009 | ||
| 10:30 am | to | 12:00 pm |
Speaker: Dr Bindu N Lohani, Vice President (Finance and Administration), Asian Development Bank
Venue: ISEAS Seminar Room II
The international community is facing one of the biggest challenges to human development in recorded history – the challenge of climate change. And nowhere in the world will communities and economies be impacted as heavily as in the Asia and the Pacific. Burgeoning coastal and urban populations, poor environmental management, and heavy dependency on subsistence agriculture compound existing development challenges in a region where more than 900 million people in the region still live on less than $1.25 a day. Asia is vulnerable. For example, the economy-wide cost of climate change for Indonesia, the Philippines, Thailand and VietNam could reach 6.7% of GDP per year by 2100. For meeting the climate change targets by 2050, both developing and developed countries should be involved.
Dr Bindu Lohani will outline recent developments that increase our understanding of climate change drivers and impacts, globally and on Asia. There have been several ongoing debates around the subject of climate
change. In this context, Dr Lohani will discuss the four key issues which need to be included in the United Nations Climate Change Conference in Copenhagen in December 2009, in particular, the role of emerging countries in Asia, to have a meaningful post-Kyoto Protocol framework for climate change.
For details and registration, visit the ISEAS website.
Source: ISEAS
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Climate change is happening faster than our calculations. If we need to stop the catastrophe, we need to take decisive actions. Developed nations should have a strategy to plan mid term emission reductions. If we want to achieve 80% reduction level by the mid third millennium, we need to achieve collective reduction of 25% by 2020. Developing countries would need US $ 150 billion a year to tackle climate change. A part share of this amount needs to be contributed by the developing countries. The biggest share is expected to come from Carbon market, for which we have to set up an ambitious global scheme. Public finance need to flow from developed to developing countries in the order of US $ 33 billion to US $ 75 billion per year by 2020. Half of this amount will be required to support adaptation action giving priority to the most vulnerable and poor developing countries. We need to put clearly on the table what they are ready to do to mitigate carbon emissions compared to business as usual as part of the international agreement. We need to put in place domestic measures to limit the growth of our carbon emissions. Developed countries need to meet their obligation to provide carbon finance as a pre-requisite to mitigate action by the developing world.
We need to keep the emission trajectory that keeps global warming below 2 degrees Celsius.
The study of these carbon compounds and their properties and reactions is organic chemistry. With hydrogen, oxygen, nitrogen, and a few other elements whose small amounts belie their important roles, carbon forms the compounds that make up all living things: proteins, carbohydrates, lipids, and nucleic acids. Biochemistry is the study of how those compounds are synthesized and broken down and how they associate with each other in living organisms. Organisms consume carbon and return it to the environment in the carbon cycle. Carbon dioxide, produced when carbon is burned and from biological processes, makes up about 0.03% of the air, and carbon occurs in Earth’s crust as carbonate rocks and the hydrocarbons in coal, petroleum, and natural gas. The oceans contain large amounts of dissolved carbon dioxide and carbonates. [Nonmetallic chemical element, chemical symbol C, atomic number 6]
However, it is the developed countries like USA and others who are responsible for 80% emission of carbon emissions, should understand that the if a sustinable envoironment need to be created, we need to work together. Economic wealth is something, world well being is another. The world of today belong to posterity.