Inter-govt panel moots "predictable" carbon pricing
Predictable carbon pricing is needed to direct world investment flows toward an economy that could minimise climate change, an inter-government panel has said.
By PTI |
NEW YORK: Predictable carbon pricing is needed to direct world investment flows toward an economy that could minimise climate change, an inter-government panel has said.
The meeting, attending by representatives of about 140 countries, stressed that sufficient high and long-term predictable price for carbon will be central for mobilizing capital for the new economy.
A summary of the proceedings was released by President of the United Nations Environment Programme's (UNEP) Governing Council and Global Ministerial Forum Roberto Dobles of Costa Rica.
The five-day Forum set new priorities for UNEP and was the largest gathering of environment ministers since last December's landmark UN Climate Change Conference in Bali, Indonesia, which ended with 187 countries agreeing to launch a two-year process of formal negotiations on a successor pact to the Kyoto Protocol.
In adopting a medium-term programme of work at the meeting, participants decided on a new strategy to strengthen and refocus UNEP's response to climate change as well as its handling of disasters, conflicts, ecosystem management, environmental governance, harmful substances, hazardous waste and resource efficiency.
"This decision is a major milestone in achieving a consensus among the international community as well as civil society and the private sector to set new and transformational directions for this environment programme of the UN," Achim Steiner, UN Under-Secretary General and UNEP Executive Director, said at the meeting's close.
The meeting, attending by representatives of about 140 countries, stressed that sufficient high and long-term predictable price for carbon will be central for mobilizing capital for the new economy.
A summary of the proceedings was released by President of the United Nations Environment Programme's (UNEP) Governing Council and Global Ministerial Forum Roberto Dobles of Costa Rica.
The five-day Forum set new priorities for UNEP and was the largest gathering of environment ministers since last December's landmark UN Climate Change Conference in Bali, Indonesia, which ended with 187 countries agreeing to launch a two-year process of formal negotiations on a successor pact to the Kyoto Protocol.
In adopting a medium-term programme of work at the meeting, participants decided on a new strategy to strengthen and refocus UNEP's response to climate change as well as its handling of disasters, conflicts, ecosystem management, environmental governance, harmful substances, hazardous waste and resource efficiency.
"This decision is a major milestone in achieving a consensus among the international community as well as civil society and the private sector to set new and transformational directions for this environment programme of the UN," Achim Steiner, UN Under-Secretary General and UNEP Executive Director, said at the meeting's close.
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