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Comparing Apple and Durian A Sample of How to Cheat with Statistics and International Negotiations on Climate Change issues Re-Framing the debate North versus South, Annex-1 versus Non-Annex, Major Emitter Countries versus Major Emitter Intensity Countries Climate change cannot be tackled without developing countries – agree – but with the very high emission per capita in developed countries, the deeper cut has to be delivered by the high emitter people first - before asking the low emitter people to make sacrifice Science has told us that the poor will suffer the most, but, what has been the effort of the rich? Trillions of dollars spent on Wall Street Mess Less than 1 percent of the bail out package is pledged to Climate Change, and what worse - most of the pledges are loans. Where is the monkey?? After the Wall Street Mess, there is no more money in the coffers of developed and rich nations. Forget about grants. Accept loans or be a part of the next carbon market. But, what market? A market with 100% auction by the government or a traditional commercial transaction of CERs between project owner and brokers? Is it Climate Investment Fund? • It has received impressive pledges • It can combine grants, loans, guarantees • It has the most political support from the donor countries • It is also controversial because of the hosting institution • G77 and China register lukewarm or inconsistent support • Is it a curse or an answer to our financing need? • The devil is in the details: a) separation of grants and loans, b) combination of grant and loans for productive investments Skewed Priorities: Mitigation versus Adaptation Twelve billions dollars pledged on Mitigation. Only 2% of CDM proceed for Adaptation, or equal to 3% of Mitigation pledge The WDR should come up with fresh ideas and propose a new shared vision What about developing a regional (West Pacific) carbon market that starts from Australia, Indonesia, Korea and Japan? What about a Technology Transfer Fund that will buy climate friendly technology through auction from private companies? What about developing an incentive for the emitters? Should China provide grants and soft loans to US companies? Or should we ask the International Court of Justice to sanction the rouge emitters? No one says that the world is fair … But, at least the WDR (and the World Bank) should have the courage to brought forward the disparities of the paid attentions and the illframed statistical comparisons between apple and durian. I thank you.