Copenhagen climate summit ends in discord
The failure of the Copenhagen UN Climate Change Conference in December to successfully adopt even the weak accord it produced was the tragic denouement of the attempts by the host nation and some Western leaders to hijack the summit.
BY MARTIN KHOR
ActionAid International and Third World Network are pleased to announce the release of a joint study on the potential use of the IMF’s Special Drawing Rights (SDRs) as a tool for both innovative financing and systemic monetary reforms. SDR-derived funds can be applied to critical financing needs for developing and low-income countries, including development, climate finance, and effective measures to counter the impacts of the global economic and financial crisis. Creative use of SDRs could complement measures such as the proposed financial transaction tax and levies on bunker fuels and aviation to raise the sums urgently needed. With international co-operation, SDRs could potentially mobilize more resources than other proposals for new forms of financing.
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TWN Climate Change
Series No. 2: TWN Submissions to the United Nations Climate Talks – Ideas
and Proposals on the Elements Contained in Paragraph 1 of the Bali Action
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Last updated on 20 March 2010
