2ND LDALL CLIMATE 3

The agreement calls on industrialised nations to set
their emission targets by February, 2010 and also asks the
developing countries to do the same.

In the contentious area of Monitoring, Verification and
Reporting (MVR), it provides that unsupported actions could be
subject to assessment only by domestic institutions but adds a
new provision for international consultations and analysis
without impinging on national sovereignty.
On the finance side, it provides USD 100 billion for
long-term funding for developing countries and USD 30 billion
for short-term, which would go to the poorest and most
vulnerable.
The accord requires industrial countries to list their
individual targets and developing countries to outline the
actions they are willing to take to cut emissions by specific
amounts.
Many of the African and Latin American countries
attacked the document, saying it was not acceptable.
Sudanese delegate Lumumba Stanislas Dia-ping, who chaired
the Group of 77 and the bloc of 130 poor nations, compared it
to Holocaust. "It is a solution based on values, the very
opinion that funnelled six million people in Europe into
furnaces," he said.
Calling the draft deal the worst in the history of
climate negotiations, he said that it asked Africa to sign a
"suicide pact, an incineration pact, in order to maintain the
economic dominance of a few countries." (MORE) PTI BS
ANU


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