![\"\"](\"http:\/\/blogs.dickinson.edu\/cop17durban\/files\/2011\/09\/total_emissions_region_sci1.gif\")
<\/a>This image depicts the possible future trend of GHGs from both developed and developing counties. Developed countries "started" climate change, but the developing countries will exacerbate it unless they are given the proper tools.<\/p><\/div>\n
As many know, developed countries such as the United States, have been the primary emitters of Greenhouse Gasses (GHG) and are often accused of causing global climate\u00a0change.\u00a0 This may be so, but pointing fingers will only get us so far.\u00a0 What we need to look at going forward is how to mitigate the problem of global climate change and where the future emissions will come from.\u00a0 With more and more countries trying to make the move from \u201cdeveloping\u201d to \u201cdeveloped\u201d, we are bound to see a slew of industrial revolutions and thus a significant in GHG emission from countries that currently produce the smallest amounts.\u00a0 How do we prevent these increased emissions while still allowing these developing countries to prosper?\u00a0 Sustainable development!<\/p>\n
One problem, sustainable development is expensive, far more so that just allowing these countries to just pollute.\u00a0 So, how do we provide funding to these countries to do it\u00a0\u201cright\u201d?\u00a0 This is something that has come into a great deal of discussion and debate. \u00a0In the United Nations Framework Convention on Climate Change (UNFCCC), financing obligations are given primarily to the developed nations. \u00a0In paragraph 3 of Article 4 of the UNFCCC text, it states that developed country parties \u201cshall also provide such financial resources, including for the transfer of technology, needed by the developing country Parties to meet the agreed full incremental costs of implementing measures that are covered by paragraph 1 of this Article\u201d.\u00a0 The measures being referred to are that of GHG mitigation.\u00a0 Why, though, does it rely on developed countries alone to support sustainable development in other countries, when they still haven\u2019t figured it out for their own countries?<\/p>\n
It doesn\u2019t. \u00a0One of the key actors for financing mitigation projects and sustainable development is the World Bank.\u00a0 In 2002 the World Bank launched a program known as the Community Development Carbon Fund (CDCF), which started with an initial capital of $128.6 million (Bulkeley and Newell, 41). \u00a0The World Bank has also created other funds and organizations with some aspect of sustainable development, but they seem to contradict themselves quite nicely sometimes.\u00a0 In 2007 the World Banks energy-sector portfolio was worth $1.8 billion, less than 50% of which came from renewable energies (Bulkeley and Newell, 43).\u00a0 The World Bank seems to think that it does not serve them to invest in to renewable energies; they also make it hard for the small developing countries to acquire loans that may be used for environmentally sound development.\u00a0 So, back to square 1, where does the money come from?<\/p>\n
Cited
\nBulkeley, Harriet and Newell, Peter. Global Institutions: Governing Climate Change. London and New York: Routledge, 2010.
\nUnited Nations. \u00a0United Nations Framework Convention on Climate Change. 1992<\/p>\n
Sam Parker
\nDickinson College ’12
\nDickinson College Biodiesel<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
\nAs many know, developed countries such as the United States, have been the primary emitters of Greenhouse Gasses (GHG) and are often accused of causing global climate\u00a0change.\u00a0 This may be so, but pointing fingers will only get us so far.\u00a0 What we need to look at going forward is how to mitigate the problem of global climate change and where the future emissions will come from.\u00a0 With more and more countries trying to make the move from \u201cdeveloping\u201d to \u201cdeveloped\u201d, we are bound to see a slew of industrial revolutions and thus a significant in GHG emission from countries that currently produce the smallest amounts.\u00a0 How do we prevent these increased emissions while still allowing these developing countries to prosper?\u00a0 Sustainable development!<\/p>\n
One problem, sustainable development is expensive, far more so that just allowing these countries to just pollute.\u00a0 So, how do we provide funding to these countries to do it\u00a0\u201cright\u201d?\u00a0 …<\/p>\n","protected":false},"author":629,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19448,34197,42301],"tags":[2520,1567,25711,1433,34249,34285],"class_list":["post-477","post","type-post","status-publish","format-standard","hentry","category-climate-change-2","category-key-cop17-issues","category-climate-change-mosaic","tag-developed-countries","tag-developing-countries","tag-sam-parker","tag-sustainable-development","tag-unfccc","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/posts\/477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/users\/629"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/comments?post=477"}],"version-history":[{"count":0,"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/posts\/477\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/media?parent=477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/categories?post=477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.dickinson.edu\/cop17durban\/wp-json\/wp\/v2\/tags?post=477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}