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The second day in Copenhagen – Different Solutions

12/15/09

By Pucong Han, Beijing China

Today is our last day in the Bella Center since the heads will arrive soon.  Bella center is very crowded today, and there are a large number of NGOs and youth from different countries and associations.  I went to a few sections about climate solutions.

The first section that I went twasis Carbon budget for equity and sustainability:  An Overall framework for a global climate solution.  This carbon budget proposal was developed by the China Research Center for Sustainable Development (RCSD) and established a global climate regime.  This proposal takes into account the quantitative analysis of both the emission rights and the future emissions budgets of countries under the design of an international climate framework.  Dr. Ying mentioned that all parties have the equal right to access scarce resources and the same right to allocate funds according to their budget.  Based up on this idea, the current financial system doesn’t work because we have small budgets and unequal rights to access resources.  We need a financial mechanism that provides a means of capturing the carbon price and, as a result, the developing countries can have the same rights to allocate funds as the developed countries.  To make this financial mechanism work, we need a carbon market, where the price is not determined by governments.  This global market approach will be able to calculate the responsibility and, at the same time, reduce carbon emission.  Based upon Dr. Ying’s speech, if we apply this global budget approach, China’s carbon emission will peak at 2020.  In my point of view, an equal mechanism is necessary for cutting the global carbon emission.  Comparing with the capitalism discussion yesterday, this approach is much more applicable and will be able to resolve the problems in the long run.

The second section that I went is technology by the International Chamber of Commerce (ICC).  ICC wishes to underscore the fundamental importance of the Copenhagen outcome for business, as it will play a key role as actor, employer, financier, investor and innovator.  They believe that a new agreement will have consequences for business operations and investments as well as for the role of business in society.  This event explored the role of businesses in the development, deployment and transfer of low-carbon technologies.  It examined the role of enabling frameworks and intellectual property rights in enhancing technology cooperation.  Based upon their presentations, the development and deployment of technologies to address climate change will be greatly facilitated if several key factors and fundamental conditions are met, in particular a stable economic system including intellectual property rights protection, strong contractual arrangements and open trade.  As Dr JY Caneill argues, a national energy policy is necessary to achieve this target and, at the same time, people need to utilize the existing technology and the future technology.  As he explained,  70% of existing GHG reductions could be done with mature technology and 80% of technology transfer are effectively done by private sector.  As we can see, the application of technology is helping our current society to reduce emissions.  A business framework to utilize and apply technology to different countries, especially developing countries is necessary.  Dr. Peter G Taylor also emphasized intellectual property rights, which will provide motivations to people to develop technology and to transfer technology.  The international intellectual property system brings benefits to society as a whole, striking a balance to ensure that the needs of both the creator and the user are satisfied.  In return for granting IP rights, society benefits in a number of ways, as IPR help maintain fair competition, encourage the production of a wide range of quality goods and services, stimulate economic growth and employment, sustain innovation and creation, promote technological dissemination, and enrich the pool of public knowledge and culture.  As long as intellectual property right is being protected, business solution will be able to make a large commitment and investment will be able to resolve the problems.  In my point of view, this is a great idea to enhance the property rights and make the market solution work.  Comparing with Dr. Ying’s global budget approach, the business approach has similarities to emphasize the significance of the market.  If we can take into account all these factors to improve businesses and market mechanism, I believe that there will be a better solution to the current market to reduce the carbon emission while enabling the current economic growth.

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