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Carmen Bunzl - Universidad Pontificia Comillas

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Chapter 2. Options for future climate change architectures 124<br />

developed and developing countries to informally, "off-the-record" dicuss<br />

critical elements of the "post-2012" international climate agreement.<br />

In this approach, the ten highest-emitting developing countries in the<br />

electricity and other major industrial sectors – which are roughly 1/3 of global<br />

emissions - pledge to meet voluntary, “no-lose” (see Section 2.1.1.3) GHG<br />

emissions targets in these sectors. The final “no-lose” emissions targets result<br />

from negotiations with industrialized countries.<br />

Energy-intensity benchmarks are first developed by independent experts, for<br />

the electricity and major industrial sectors. From these benchmarks, the<br />

participating developing countries determine initial GHG emissions targets that<br />

are appropriate for their national circumstances. Industrialized nations then<br />

offer incentives for the developing countries to adopt more stringent emissions<br />

targets through a Technology Finance and Assistance Package, which helps<br />

them to overcome financial and other barriers to technology transfer and<br />

deployment. Annex I countries adopt economy-wide absolute GHG emissions<br />

targets, similar to those in the Kyoto Protocol but influenced by the emissions-<br />

intensity benchmarks.<br />

CCAP’s Sector-based approach builds on developing country unilateral<br />

actions, and then incentives are provided for going further. Importance is<br />

placed on both encouraging sustainable development and achieving GHG<br />

reductions. The approach provides new technology financing, and is also<br />

focused on removing financing and policy barriers.<br />

4.7 Policy Directions to 2050, A Business contribution to the dialogues on<br />

cooperative action<br />

The World Business Council for Sustainable Development (WBCSD) is a<br />

CEO-led, global association of some 190 companies. The publication Policy<br />

Directions to 2050 (WBCSD 2007) sets out an illustrative roadmap from which<br />

routes must be chosen for the transition to a low greenhouse gas (GHG)<br />

Escuela Técnica Superior de Ingeniería ICAI <strong>Carmen</strong> <strong>Bunzl</strong> Boulet Junio 2008

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