Today, on 8th July 2009 the G8 leaders met in l'Aquila. Great. They decided not to waste time and start discussing measures on climate change - to arrive to Copenhagen later this year with a plan. Fantastic. Chinese leader leaves because of ethnic unrest at home. Bad news.
Negotiations start: Obama presents plan on radically cutting emissions in the developed and developing world. Sounds very exciting. But not to the developing world. The money promised in Bali has not come to them yet. They need proof of our commitment. They want $ 150 billion per year until 2020. Nothing sounds too much after the bailout money to me...
Achim Steiner, CEO of UNEP has a plan: the global consumption of oil is cca 100 million barrels a day. (If driving a car for 1km emits 160grams of CO2, you don't want to know what damage 100 million barrels a day can do. And that's just 1 single day.) Oil prices are now at $65. Not so long ago they have reached $135. And we still used it. Thus out demand flexibility is not all that price dependent in the short run if it comes to oil. Anyways, Achim Steiner suggests we add an additional $10 tax per barrel. And in 150 days you generate $150 billion. The money needed to get these guys (BRIC) going. Of course, it's not this plain simple, but it's DOABLE.
Straightforward, solution oriented. You put the moeny on the table and then can start talking again about fixing the climate.
It's already quite late. If we miss out on the opportunity in Copenhagen to reach an agreement, we've officially agreed to ... put an end to human race on Earth. Our choice.
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