Interesting analysis of the Copenhagen Accord from Carlo Carraro and a coauthor. He argues that if the funding for developing countries is primarily used for mitigation actions then the Accord could achieve the goal of getting the world on the path towards the 2C limit on warming. I'm skeptical though that the money will:
1. Be spent at all - often aid pledges turn out not to be realised...
2. Not get wasted on bureaucracy and corruption...
3. Actually get spent on useful mitigation rather than adaptation...
4. Get spent on efficient things rather than white elephant prestige projects...
But maybe I'm too cynical...
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