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India to host 48-nation talks |
Climate change: India to host 48-nation talks
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INDIA
, 3-November-2010
3:57:21 AM |
India has once again taken an initiative to break the impasse on climate change. Ahead of the Cancun meet, it will host ‘informal’ talks between ministers from 48 nations to build a consensus on the contentious global mechanism for transfer of environmentally-sound technologies and matching funds to countries that would be most hit by the UN Framework Convention on Climate Change (UNFCC).
The Ministerial Dialogue would focus on ‘concrete questions’ to promote understanding and work towards consensus building on establishing an International Technology Mechanism and a Financial Mechanism to cover the extra costs that developing countries would suffer on switching to expensive but climate-friendly technologies being pushed under the UNFCC.
“The goal of the roundtable is to enable ministers to assess the options from a practical and operational perspective, and channel political guidance into areas where it would be most strategic with a view to facilitate agreement at COP 16 (16th Conference of Parties) in Cancun,” says the concept note for the meet
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