The Rio+15 Initiative: looking towards Bali
Achieving substantial reductions in global greenhouse gas (GHG) emissions requires a concerted international effort involving both Governments and Corporations alike. As well as acting under international treaties, businesses and individuals alike must be prepared to take responsibility for their own GHG emissions footprint. Jill Barker of carbon trading organisation EcoSecurities reports back from the Rio+15 conference, which aimed to address the issues related to climate change mitigation in the run up to the upcoming UNFCCC Bali conference.
A major strategic review of future climate change mitigation efforts is currently taking place. The international effort will require activities which expand beyond the current Kyoto construct.
If the more ambitious reduction targets of –30%to –60% proposed by the EU, G8 and the UK are to be met, mitigation will need to be supplemented by much larger activities. These will aim at impacting the environment in a landscape basis through capital allocation, directed at major infrastructural changes.
How this is going to happen, we don’t know. In December 2007,in Bali, Indonesia, the UN Framework Convention on Climate Change (UNFCCC) will host a meeting with all UN party countries to begin discussions on a post-2012 framework following the first Kyoto Commitment period.
Therefore now is the time that every sector of the economy and society must make their recommendations about the future of climate change mitigation.
What is the Rio+15 Initiative?
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