see also...
New Nicholas Stern paper published: Key elements of a global deal on climate change
The paper covers 8 areas:
1. Challenges, opportunities and growth
2. Emissions targets
3. The role of developing countries in mitigation and trading
4. International emissions trading - cap and trading
5. Financing emissions reductions from deforestation
6. Technology
7. Adaptation
8. Conclusion
The purpose of the paper is to put forward a coherent set of proposals on global policy that satisfy three basic principles:
- Effectiveness - it must lead to cuts in greenhouse gas (GHG) emissions on the scale required to keep the risks from climate change at acceptable levels
- Efficiency - it must be implemented in the most cost-effective way, with mitigation being undertaken where it is cheapest, and
- Equity - it must take account of the fact that it is poor countries that are often hit earliest and hardest, while rich countries have a particular responsibility for past emissions.
The purpose of the paper is to support the negotiations of a post-2012 global treaty which needs to be agreed by 2009 and translated into national policy and action plans between 2010-2012. It aims to put forward a coherent set of underlying principles that are consistent with the latest scientific evidence, and which explicitly define options and suggest which are more likely to be suitable.