Tuesday, 8 December 2009

Bunkers in leaked new draft agreement

A leaked text for a new Copenhagen agreement prepared by the Danish hosts has caused a stir today, with developing countries in particular angry at the text’s shift away from the principle of “common but differentiated responsibility”, but the paragraphs on bunkers mitigation (14) and finance (23) are not that bad. The former talks about a UNFCCC mitigation target for shipping/aviation that is then implemented at IMO/ICAO, while the latter says revenues from bunker market-based instruments should be used in developing countries. Leaked text doesn't officially exist of course and negotiations continue (officially at least) on the old texts.

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