Ecopolity » Will the G20 help Cancun to succeed?

Ecopolity » Will the G20 help Cancun to succeed?

“Fossil Fuel Subsidies: We reaffirm our commitment to rationalize and phase-out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption, with timing based on national circumstances, while providing targeted support for the poorest. We direct our Finance and Energy Ministers to report back on the progress made in implementing country-specific strategies and in achieving the goals to which we agreed in Pittsburgh and Toronto at the 2011 Summit in France.” From The Seoul Summit Document: Framework for Strong, Sustainable and Balanced Growth

“Medium term” and “timing based on national circumstances” give any country a legitimate exit option based on the subjective interpretation of “medium” and “circumstances”. Chance of achievement near zero.

Here’s what they said about climate change and the low carbon economy:

“Climate Change and Green Growth: Addressing the threat of global