Word: globalization
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Dates: during 2000-2009
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...main climate question for the G20 was how to finance global carbon emission reductions, and how to help developing nations that stand to lose the most from climate change adapt to a warmer world. That latter issue is a chief sticking point for the ongoing U.N. climate negotiations, in which governments are working to produce a successor to the Kyoto Protocol at the Copenhagen summit in December. While poor nations have demanded funds to help them develop sustainably and prepare for warming, rich nations have so far been slow to promise money. "Climate financing is going to be absolutely...
...leaders put no specific numbers on the table, just a vague statement of intention that did little to clarify murky global climate negotiations: "Public and private financial resources to support mitigation and adaptation in developing countries need to be scaled up urgently and substantially," the statement said. Negotiators also eliminated a section of the agreement that would have specified that funding for climate adaptation had to come in addition to existing levels of foreign aid. Instead, the G20 leaders directed their finance ministers to return to the issue later in the year - with just three months to go before Copenhagen...
...with the ongoing climate negotiations. "It's a welcome initiative, but no one will underestimate the challenge that countries from the U.S. to India will face actually doing this," says Alden Meyer, director of strategy and policy for the Union of Concerned Scientists. (See pictures of the effects of global warming...
...week for climate news that began on Sept. 22 with a high-level U.N. summit on warming. Before "Climate Week" began, the U.S. Senate made intimations that it would not likely vote on a carbon cap-and-trade bill before the year was up, dimming the chances for a global deal at Copenhagen. But, then, China pledged to improve energy efficiency, while progress was made toward crafting a way to use global carbon markets to slow tropical deforestation. That gave environmentalists some hope. "Overall, I still feel better than I did a week ago," said Carstensen. "We had 100 leaders...
...question is whether world leaders will walk through it in time. In the U.S. and elsewhere, more is being done to grapple with global warming than ever before. Tighter energy efficiency standards are being passed, nations like Japan are pledging deep emission cuts and hundreds of billions of dollars are being spent on green stimulus for recovering economies. But the world is late - and time is short. "Our political method has so far failed to grapple with reality," says McKibben. "We have to understand that the negotiations aren't just between the U.S., the E.U. and China. We're trying...