"The New Delhi conference has achieved its main goals of further
strengthening international collaboration on climate change while meeting
the requirements of sustainable development," said Joke Waller-Hunter, the
Convention's Executive Secretary.
"Now the spotlight must focus on action to accelerate the transition to
climate-friendly economies. Industrialized countries have only 10 years to
meet their Kyoto emissions targets - and the evidence today is that most of
them still have a great deal of work to do to reduce their greenhouse
gases," she said.
The New Delhi climate change conference, which started on 23 October and
ends today, adopted a number of decisions on the institutions and
procedures of the Kyoto Protocol. The Protocol, which is expected to enter
into force in the first few months of 2003, commits developed countries to
reducing their overall emissions of carbon dioxide and other greenhouse
gases during the period 2008 - 2012.
One of the conference's biggest accomplishments was making the Protocol's
Clean Development Mechanism fully operational. The CDM will channel
private-sector investment into emissions-reduction projects in developing
countries. In this way, it will promote sustainable development in these
countries while offering industrialized governments credits against their
Kyoto targets. The first projects are now likely to be approved during the
first quarter of 2003.
strengthening international collaboration on climate change while meeting
the requirements of sustainable development," said Joke Waller-Hunter, the
Convention's Executive Secretary.
"Now the spotlight must focus on action to accelerate the transition to
climate-friendly economies. Industrialized countries have only 10 years to
meet their Kyoto emissions targets - and the evidence today is that most of
them still have a great deal of work to do to reduce their greenhouse
gases," she said.
The New Delhi climate change conference, which started on 23 October and
ends today, adopted a number of decisions on the institutions and
procedures of the Kyoto Protocol. The Protocol, which is expected to enter
into force in the first few months of 2003, commits developed countries to
reducing their overall emissions of carbon dioxide and other greenhouse
gases during the period 2008 - 2012.
One of the conference's biggest accomplishments was making the Protocol's
Clean Development Mechanism fully operational. The CDM will channel
private-sector investment into emissions-reduction projects in developing
countries. In this way, it will promote sustainable development in these
countries while offering industrialized governments credits against their
Kyoto targets. The first projects are now likely to be approved during the
first quarter of 2003.