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Adaptation Fund

LDCs not happy with progress

Staff Correspondent
Least Developed Countries (LDCs) yesterday said they are not happy with the way climate-change adaptation fund is being raised and demanded mandatory contribution from developed countries, which are the major polluters.
UNFCCC Executive Secretary Yvo de Boer in a daily press briefing yesterday said. "Adaptation fund move went well. Everybody is happy about this."
In a press conference following Yvo de Boer's conference, LDC delegates differed with Yvo de Boer's opinion.
The LDCs press conference was chaired by Bruno Sekoli, chief of Lesotho delegates. Chair of LDCs Ainun Nishat from Bangladesh and Uday Sharma, secretary for the environment and forest
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ministry of Nepal, were also present.
When asked about the position of Bangladesh as well as LDCs, Nishat said, "We have not got a dime while we need billions of dollars. So far Bangladesh got only $43,000 as NAPA fund."
"What are we going to do with that money? How can we be happy?" Nishat said. "We need billions of dollars... which can only be provided with mandatory contribution of the developed countries to the fund," he said, adding, "And for that we need a legal agreement not a political one."
The LDCs also demanded direct access to the fund and transfer of technologies. They demanded 70 percent of the potential fund for the most vulnerable countries and LDCs.
G-77ANDCHINAGROUP
The G-77 and China could not reach a common stance in negotiations as of yesterday.
The LDCs criticised the positions of four giant developing countries in the group, popularly known as BASIC— Brazil, South Africa, India and China, as they tried to bypass the spirit of the Bali Action Plan and go for a political
agreement.
The delegates present at the negotiation meeting of G-77 and China, which has LDCs and most vulnerable group, including Bangladesh, as members, said, the BASIC made a draft by themselves which does not reflect the position of LDCs and most vulnerable countries.
Four giant countries bypassed basic demands of LDCs including 40 percent emission cut by 2020 and 80 percent by 2050 while world temperature peak would not rise more than 1.5 degree Celsius.
Delegates present at the meeting said Saudi Arabia demanded adaptation fund under the article 4.8 of the Kyoto Protocol since their oil business would suffer and their economy would be affected if the world goes for cleaner energy.
Delegates from different countries including Indonesia, South Korea, Barbados, Nigeria, Egypt, and Venezuela were against the demand of Saudi Arabia.
"They do not want to include Saudi Arabia's point in the draft of the G-77 and China," said a delegate who was present in the negotiations meeting.