Yesterday the Club of
Madrid, the organization of 66 democratic
former heads of stated, unveiled a proposal for the international
climate change framework to be developed at the Conferences of the
Parties to the UN
Framework Convention on Climate Change in Bali this
December. Glenn Hurwitz covers the
proposal at
Grist.
The brief summary: An international framework with a global target of 60% below 1990 levels by 2050; developed countries should be at 30% below by 2020 and rapidly developing countries should lower their energy intensity by 30% by 2020 and follow emissions targets thenceforth. A carbon price should be set by a globally linked cap-and-trade system with auctioned credits or preferably by universal carbon taxes. $20 billion should be spent annually on energy R&D and an annual fund of $50 billion should go to developing countries for adaptation, avoided deforestation, and clean energy development and deployment—the latter including renewable energy and energy efficiency. IP barriers to clean energy technologies should be dropped.
The full recommendations are past the break.