Wednesday, February 9, 2011

Ban Ki-moon signals lowered expectations for climate deal

This announcement confirms what many have felt since Copenhagen - the world will not reach an overarching pact like the KP in the near term. With "Plan A" out-the-window, "Plan B" is emerging as a series of loosely coordinated gestures and smaller incremental gains. For REDD+, this will mean bundling and coordinating a UNFCCC REDD+ Mechanism (hopefully some day), the GCF, California's sectoral cap-and-trade rules, commodity roundtables, and leveraging public funds for long-term reductions. Hopefully down the road we can stitch it all back together...

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