Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Finance minister: All Vision 2030 projects have sustainable funding that won't affect public finances    Crown Prince announces medium-term debt strategy to diversify funding sources "A resilient economy capable of overcoming challenges reflects progress towards achieving Vision 2030 goals"    'No excuses' for Israel to not accept ceasefire deal, EU foreign policy chief says    Alkhorayef highlights role of National Initiative for Global Supply Chains in boosting Saudi economy    Saudi Arabia signs investment deals worth SR35bn with foreign firms to strengthen global supply chains    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Riyadh Season draws 8 million visitors in 6 weeks    Saudi FM attends Quadripartite meeting on Sudan in Italy    Gangsters block aid distribution in south Gaza    Russian deserter reveals war secrets of guarding nuclear base    Georgia's new parliament opens first session amid mass protests and boycott    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Latest round of U.N. climate talks focuses on business end of global warming
Published in Saudi Press Agency on 26 - 08 - 2007


Now that scientists have documented
the potentially catastrophic consequences of global
warming, experts are tackling the business end, according to AP.
This week's latest round of talks on climate change, which
get under way in Vienna on Monday, will focus on ensuring
that the US$20 trillion (¤14.6 trillion) the world is
projected to spend on energy over the next two decades is
as environmentally friendly as possible.
«We need to 'climate-proof' economic growth,» Yvo de
Boer, the U.N.'s top climate official, told reporters
Sunday.
More than 1,000 delegates were gathering in the Austrian
capital for talks aimed at advising nations, corporations,
bankers and public institutions, such as the International
Monetary Fund, how to make the most of their energy
investments.
A new report by the U.N. Framework Convention on Climate
Change says additional investments of about US$210 billion
(¤155 billion) a year will be needed _ mostly in the
developing world _ to maintain greenhouse gas emissions at
their current levels in 2030.
«If the funding available ... remains at its current
level and continues to rely mainly on voluntary
contributions, it will not be sufficient,» the report
warns.
Experts say developing countries will need billions more
each year to help them adapt to changes in their climates.
An example is the southern African nation of Lesotho. The
impoverished country relies heavily on agriculture, yet it
is being hit with twice as many droughts as it endured in
the 1980s, Lesotho Environment Minister Monyane Moleleki
said.
Complicating matters: Since 2000, Januarys and Februarys
have become progressively warmer.
«When the rain does come, it comes in deluges _ torrents
_ useless for our agriculture,» he said, appealing to
industrialized nations for technology and resources to help
his country adapt and overcome what he called «a very
dangerous situation.»
«Climate change has been spooky to say the least,» he
said.
Maria Magdalena Brito-Neves, environment minister of Cape
Verde, a chain of islands off western Africa's coast, said
climate change has also produced chronic drought and
threatened delicate ecosystems.
«We are very vulnerable,» she told journalists.
The Vienna meeting, which runs through Friday, is part of
a flurry of talks leading up to a major international
climate summit in Bali, Indonesia, in December.
De Boer said participants would «take the temperature»
of global climate-control negotiations before two other key
sessions that will precede the Bali conference _ a Sept. 24
meeting at U.N. headquarters in New York, and a meeting
three days later in Washington of the world's 15 biggest
polluters, including the U.S., China and India.
The U.N. is leading the push to discuss a successor
agreement to the 1997 Kyoto Protocol, which expires in
2012.
Among other things, the treaty requires 35 industrial
nations to cut their global-warming emissions 5 percent
below 1990 levels by 2012. The European Union has set a new
goal of reducing greenhouse gases by 20 percent by 2020 and
by another 10 percent if other nations join in.
«It's critical to have all the partners on board,»
including the U.S., which has not ratified Kyoto, said
Josef Proell, Austria's environment minister. «We need
more than Sunday sermons. We need clear measures.»
De Boer's office details the challenges in its 216-page
report.
Among the hurdles: The world will remain heavily dependent
on fossil fuels, meaning it must find new and affordable
ways to burn coal and oil more cleanly and recapture carbon
dioxide emissions.
«The war against climate change is not a war against oil.
It's a war against emissions,» de Boer said.


Clic here to read the story from its source.