“This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history,” Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change (UNFCCC) said February 3rd during a press conference in Brussels.
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution.
“This will not happen overnight and it will not happen at a single conference on climate change…It is a process, because of the depth of the transformation,” said Figueres, who said last year that Communist China, the world’s top emitter of greenhouse gas, is “doing it right” regarding climate change while calling the U.S. Congress “very detrimental” in the fight against global warming.
The UNFCCC is the parent treaty of the 2005 Kyoto Protocol, the world’s first legally binding emissions reduction treaty, which the U.S. Senate refused to ratify. According to UNFCCC’s website, “the ultimate objective of both treaties is to stabilize greenhouse gas concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system.”
To achieve that goal, $10.2 billion has been pledged by 27 developed nations as Nationally Determined Contributions (NDCs) to help Third World countries cope with the alleged effects of climate change, including a $3 billion pledge made by President Obama last November in what one official called a “game-changing moment.”
But that won’t be enough to prevent global temperatures from increasing 2 degrees Celsius by 2100, Figueres said, a prediction based on the U.N.’s now discredited computer climate models.
The twin objectives of the U.N.’s next major climate change conference, which will be held in Paris in December, are to raise at least $100 billion per year in NDCs from industrialized nations while reducing their greenhouse gas emissions to zero by the end of the century to stop global warming even though, according to satellite data, there has been no warming for more than 18 years.
An 86-page draft negotiating text, which was released last Friday in Geneva, includes various options “to achieve [the UNFCCC’s] objective… to stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic [man-made] interference with the climate system.”
Developed countries have the “greatest responsibility to take the lead” in reducing their carbon emissions “without conditions,” the draft stated. Signatory nations will have “common but differentiated responsibilities” under the proposed treaty.
“Developed countries shall provide financial resources to developing country Parties for the full and enhanced implementation of the [Climate Change] Convention,” according to the draft proposal.
“The GCF [Green Climate Fund] shall be the main financial entity under the new agreement,” it added.
The GCF was founded as a mechanism to redistribute wealth from developed countries to poorer nations in order “to promote the paradigm shift towards low-emission and climate-resilient development pathways.”
Developed countries should provide “at least 1 per cent of gross domestic product per year from 2020 and additional funds during the pre-2020 period to the GCF,” which would act as the “main operating entity of the Financial Mechanism” under the new treaty, according to the draft.