Lecture by Yvo de Boer: “The need for global low-emissions economic development” at Korea Green Foundation

Lecture by Yvo de Boer, Executive Secretary<br /> United Nations Framework Convention on Climate Change “The need for global low-emissions economic development”

9 September 2008: In a lecture given at the Korea Green

Foundation, in Seoul, Republic of Korea, Yvo de Boer, UNFCCC Executive Secretary, provided an overview of climate change science and the state-of-play of negotiations under the Bali

Road Map. Noting that the first commitment period of the Kyoto Protocol will

end in 2012 and that science predicts warming will happen faster than

previously thought, he called for international action to combat climate change

to be “stepped up significantly.”

He then described the Bali Road Map, which is

to conclude with an agreed outcome in Copenhagen in 2009, and underscored that

governments have little time to develop a solution to this global threat. He

urged the Copenhagen deal to allow viable, climate-friendly economic growth on

a global scale and to have a financial architecture that enables actions that

are measurable, reportable and verifiable.

Underlining that the Bali Road Map

does not distinguish between parties with and without targets, as the Kyoto

Protocol does, de Boer said the Road Map provides an opportunity for “a new way

of thinking” and called upon the Republic of Korea to lead this new thinking to

respond to the new economic reality. He welcomed the indication by the Republic

of Korea that it will: announce a reduction target for 2020 in 2009; increase

its investments into the research and development of environmentally sound

technologies; and expand the environmental market share.

He concluded by

stressing the role of the private sector in tackling climate change and

emphasizing that Copenhagen is “about creating value for change, creating new

investment opportunities and opening up whole new markets for businesses” as

well as “taking responsibility and making low-emissions economic development a

reality across the world.” [The