Reuters AlertNet Full site
Homepage | Newsdesk | NGO Latest | Crisis briefings | Country profiles | MediaWatch | Jobs | Alerting | Login
Foot in carbon trading door for small nations?
21 Oct 2009 10:31:00 GMT
Written by: Graciela Chichilnisky
Reuters and AlertNet are not responsible for the content of this article or for any external internet sites. The views expressed are the author's alone.
An official with Kenya Power and Lighting Company poses inside a sub-station in Nairobi on October 8, 2008. REUTERS/Antony Njuguna
An official with Kenya Power and Lighting Company poses inside a sub-station in Nairobi on October 8, 2008. REUTERS/Antony Njuguna

In June 2009, a group of 43 small island nations helped to pass a U.N. General Assembly Resolution to place the issue of global warming for the first time under the aegis of the powerful U.N. Security Council.

This landmark advisory resolution underscores the seriousness of the global warming crisis, and the increasing difficult problems that may result from it.

The Security Council is all about war. It is the part of the United Nations that has most power and resources.

This unexpected resolution was passed by the smallest nations on earth - nations who are most at risk from raising sea levels caused by global warming. They succeeded against the votes of the United States and Russia, in an example of global democracy at work.

Yet this impressive diplomatic success does not bring real and tangible solutions. As global warming causes temperature increases and rising sea levels, hundreds of millions of people are at risk.

The permafrost in Alaska and Greenland are already melting as the air and seas warm, and entire towns in Alaska may need to be relocated.

This has the potential to be the largest humanitarian emergency of our times.

The world's scientists increasingly believe that reducing carbon emissions will not work, and that there is little that adaptation to a warming climate or efforts to slow greenhouse gas emissions can do for the small island nations.

What is needed is a concerted effort to reduce immediately the carbon already in the atmosphere and arrest the worst catastrophic effects of global warming.

At a September meeting in New York, President Mohamed Nasheed of the Maldives and his energy minister said they believe hundreds of millions of people in small island states risk perishing under the seas. He confirmed that his government is buying land in India as a possible long term solution in case his entire island nation disappears.

He also said he supports using negative carbon technology - machinery to capture and store carbon already in the atmosphere - and believes in what it could do for regions that will be the hardest hit by climate change, including small island nations and poorer countries in Africa and Latin America.

These regions could potentially host some of the technologies and earn money or carbon credit from the Kyoto Protocol carbon market and its Clean Development Mechanism.

In this way, a strong Kyoto Carbon Market could help replace or supplement the faltering global war on emissions.

Following their diplomatic success in pushing climate change before the U.N. Security Council, the smallest and most vulnerable nations on earth should now go a step further and use their moral power at climate negotiations in Copenhagen in December 2009.

AOSIS, the Alliance of Small Island States, should push through a small extension of the carbon market to include negative carbon technology. That could lead to a win-win solution at Copenhagen.

SUCKING CARBON COULD SHIFT FUNDS

By "sucking carbon" from the atmosphere, air capture technology could begin shifting funds available through Kyoto's Clean Development Mechanism from bigger economies to some of the smallest nations.

Africa, as a continent, produces three percent of global carbon emissions so has gained little from the mechanism, which channels funding to developing countries trying to cut their emissions.

But if Africa and Latin American began using negative carbon technology to pull carbon dioxide directly from the atmosphere, they could potentially attract substantial funding through the mechanism.

Because negative carbon technology now being developed runs on waste heat from power plants, energy-poor countries would also gain by building new negative-emission power plants.

This solution could benefit the United States and the European Union as well. Negative carbon is a U.S. technology that the U.K. Royal Academy has recently sanctioned, and is becoming a real possibility for overcoming global warming.

It requires about $3 trillion in resources deployed over 15 years - or about $200 billion per year. This is a large sum but is the right size to stimulate the global economy.

More importantly, the funding could come from the Kyoto Protocol's carbon market and its Clean Development Mechanism. All that is needed is a rather small modification to existing law in Copenhagen.

This solution can create energy sources in poor nations, technology jobs in industrial nations, and can increase U.S. and European exports - at the same time that it sucks carbon from the atmosphere and decreases the risk of catastrophic climate change. That is a win-win proposition for climate change fighters and the global economy.

Reuters AlertNet is not responsible for the content of external websites.

Del.icio.us Del.icio.us  |   Digg Digg  |   NewsVine NewsVine  |   Reddit Reddit   
We welcome argument but AlertNet will not publish comments that are racist, abusive or libellous.

1 response to “Foot in carbon trading door for small nations?”

Please note that comments should not be regarded as the views of Reuters.
  1. Muthyavan. says:

    Threat of climate changes to the small island nations and some of the recent break through in scientific researches have no connections. It is very interesting and increasing the fear among world environmentalist to study some of the new break through made as the finding of the recent researches were published and even awarded with Nobel prizes.One of the great dangerous global weather pattern is confronted is because of increase in temperate rs and carbon emissions. Because of the world ever increasing human population mother earth ecological system is destroyed every day. The recent awards for researches are all based on the study of DNA and how to encounter the natural process of saving human health from aging and even from death.

    while agreeing it is very essential for human life in creating a healthier world,why can't these forces be directed toward creating a carbon free world. Which is more important for saving the current environment than the DNA researches for the future business of the profits in pharmaceutical industries. Investments in creating a minus carbon environment in African countries and other tropical nation can also be created by a united people action in these countries by planting more trees in the high rainfall areas.

    World G20 nations should also encourage researches in creating pasture lands among the many spreading deserts that is widening on the global surfaces. World environments will be free very soon if all funding and prizes are directed on researches for protecting global environments.

Leave a Reply

Enter the code shown on the left *

When you submit a comment to us we request your name, e-mail address and optionally a link to a website. Please note where you submit a website address, we may link to it via your name. By sending us a comment, you accept that we have the right to show the comment and your name to users. Although we require your email address, this will not be published on the site, and is only required to enable us to check facts with you, e.g. if you are making a claim we can not confirm easily. Additionally, if you would like your comment removed at anytime, you'll have to use this e-mail address when you contact us. To remove a comment at any time please e-mail us at blogs-(at)-reuters-(dot)-com (address obscured to avoid spam) specifying who you are and what you would like removed. We moderate all comments and will publish everything that advances the post directly or with relevant tangential information. We reserve the right to edit comments in order to maintain the quality of the comments, and may not include links to irrelevant material. We try not to publish comments that we think are offensive or appear to pass you off as another person, and we will be conservative if comments may be considered libelous. Reuters will use your data in accordance with Reuters privacy policy. Reuters Group is primarily responsible for managing your data. As Reuters is a global company your data will be transferred and available internationally, including in countries which do not have privacy laws but Reuters seeks to comply with its privacy policy.

All rights reserved. Republication or redistribution of Reuters content in this article, including by framing or by similar means, is expressly prohibited without the prior written consent of Reuters.

Graciela Chichilnisky, a Columbia University economist and mathematician, and a lead developer of the Kyoto Protocol's carbon markets, holds patents on negative carbon technology and is involved in commercialising the process. A lead author on key climate assessment reports produced by the U.N. Intergovernmental Panel on Climate Change and an adviser to several U.N. organisations, her work focuses on using innovative market mechanisms to reduce carbon emissions, preserve biodiversity and ecosystem services and improve the lot of the world's poor. She is the author of some 200 scientific articles and 13 books, including most recently "Saving Kyoto: An Insider’s Guide to the Kyoto Protocol".

Latest bloggers

More bloggers
Turkmenistan: Trafficking in human beings

Turkmenistan: Government Puts Obstacles to Peace Corp

Japan: Latest survey on poverty destroys the prosperity myth

Philippines: Relief Goods Rotting in Government Warehouses

Pregnancy and Prisons: Women's Health and Rights Behind Bars



Disclaimers |  Copyright |  Privacy |  Contact Us |  Feedback |  About Us |  RSS XML

Last updated:Wed Oct 28 15:30:50 2009