Major Economies Meeting on Energy Security and Climate Change

The United States is committed to collaborating with other major economies to agree on a detailed contribution for a new global framework by the end of 2008, which would contribute to a global agreement under the U.N. Framework Convention on Climate Change by 2009.

To this end, President Bush asked Secretary Rice to host a meeting of major economies in Washington, D.C., on September 27 – 28, 2007. Bush intends to address the conference. At this meeting, we would seek agreement on the process by which the major economies would, by the end of 2008, agree upon a post-2012 framework that could include a long-term global goal, nationally defined mid-term goals and strategies, and sector-based approaches for improving energy security and reducing greenhouse gas emissions. In addition, we expect to place special emphasis on how major economies can, in close cooperation with the private sector, accelerate the development and deployment of clean technologies, a critical component of an effective global approach to reducing greenhouse gas emissions. James L. Connaughton, Chairman of the Council on Environmental Quality, will serve as Bush’s personal representative.

White House
District of Columbia
27/09/2007 at 12:00AM

Tags:

Club of Madrid Proposal for a Post-Kyoto Framework

Posted by Brad Johnson on 11/09/2007 at 03:05PM

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.