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“CLIMATE-DEBT” FAQ - Sent by Elizabeth Peredo, BOLIVIA E-mail
Friday, 01 January 2010
Sent by Elizabeth Peredo, BOLIVIA “CLIMATE-DEBT” FAQ 1. Is climate-debt just an NGO/activist idea? No. The concept of climate-debt has been submitted to the Climate Negotiations by over fifty countries including Bolivia, Bhutan, Malaysia, Micronesia, Sri Lanka, Paraguay, Venezuela and the Group of Least Developed countries, representing 49 of the world's poorest and most vulnerable countries. You can read Bolivia’s submission on the concept here: http://climate-debt.org/wpcontent/ uploads/2009/11/Bolivia-Climate-Debt-Proposal.pdf You can read Bolivia’s proposed amendment to the Kyoto Protocol that incorporates the ‘emissions debt’ concept here: http://climate-debt.org/wp-content/uploads/2009/11/Bolivia-Kyoto-Protocol- Amendment1.pdf Civil society is supporting these countries in calling for a just solution to climate change. 2. Is climate-debt more than compensation for damages from climate change? Yes. The climate-debt concept incorporates two distinct elements: Adaptation debt – which represents the compensation owed to the poor for the damages of climate change they have not caused. Emissions debt – which is compensation owed for their fair share of the atmospheric space they cannot use if we are stop catastrophic climate change. 3. What is meant by fair share of the 'atmospheric space’? Most discussion of emission reductions focuses on percentage cuts (eg. 85% by 2050 etc.) However what matters is the total amount of tonnes of greenhouse gases in the atmosphere (measured as: GtCO2). To prevent catastrophic climate change, and stabilize the atmosphere at 350 ppm total emissions must be limited to around 1660 GtCO2 between the industrial revolution and 2050. We've already used most of this up. Only 750 GtCO2 remains between the years 2000 and 2050. These limits on emissions are referred to as the ‘global carbon budget' or the 'atmospheric space.' 4. How should this carbon budget be divided? The most equitable and logical way to divide it would be to allow each person on earth the same amount of atmospheric space, that is the same amount of GtCO2 emissions per year. In practice, this is not physically possible due to excessive historical emissions of the wealthy. As this is not possible the difference between what is fair and what is possible represents the rich world’s ‘emissions debt.’ 5. What about past emissions or ‘historical responsibility’? The world’s carbon budget – the total amount of CO2 we can emit ever - did not start in the year 2000 (as discussed above) so we also need to consider historical emissions. It is these emissions which have caused current climate change impacts and it is for these emissions/impacts that the rich owe an ‘adaptation debt.’ FOR MORE INFORMATION SEE: WWW.CLIMATE-DEBT.ORG People in the developed world, one fifth of the world’s population, have used three fifths of all the carbon budget/atmospheric space. Over-consuming the share of atmospheric space by a factor of three contributes to our ‘emissions debt.’ 6. How do we then quantify this ‘emissions debt’? Emission reductions from developed countries must reflect their historical responsibility for the causes of climate change and the needs of developing countries for adequate atmospheric space in future. Developed countries must repay developing countries in the atmospheric space required for their development by making emission reductions as deep as technically possible. These reductions would be called its ‘domestic commitment’. The more they repay now; the less they repay later. To the extent it is not technically possible to repay the full measure of debt in terms of atmospheric space, some part of may need to be repaid by developed countries in the form of financing and technology - this extra part would add up to the country’s ‘total commitment’. 7. What about adaptation debt? Those who are harmed by climate change, but who did little if anything to cause it, should be compensated for the damage they suffer. The total cost of this damage is difficult to estimate but in principle, financing and compensation should cover: 1) avoidance costs; 2) actual costs; and 3) opportunity costs. Recent estimates put future climate-related costs and damages into the trillions. We pay trillions to save our banks and build weapons. Surely we can find it to stabilize the Earth's life support system? 8. How does this help solve climate change? This helps solves climate change by using science to determine the perimeters – i.e. the carbon budget/atmospheric space of a global agreement. Once the perimeters are set it uses equity to determine the best path forward making sure everyone can agree. Those countries that have over-consumed their atmospheric space (and got rich doing so) use that wealth to convert to a low-carbon economy. They will not be able to make all the cuts that science requires at home – we are still too dependent on fossil fuels – so they enable developing countries to avoid following the same polluting development pathway they did, through a green ‘Marshall Plan’ to ensure that no new countries adopt the wealthy’s over-consuming and unsustainable lifestyle. 9. What needs to happen at Copenhagen? To honour its climate debts to the poor the developed world needs to: a) Commit to meet its adaptation debt by meeting the real costs of climate change impacts; b) Commit to an amendment to the Kyoto Protocol that recognizes a domestic target and a total target for each developed country that will put the world on a path to live within our carbonbudget. 10. What can you do? Visit www.climate-debt.org for more information. Get in touch with your Government to support climate-debt proposals at Copenhagen. Support an NGO that has signed on to the campaign for the re-payment of climate-debts.
 
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