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Spelling out four major challenges to be faced at the climate change negotiations at Cancun in 29 November-10 December, Mexico on Monday called for India’s sustained political guidance and support for an ambitious outcome.
Addressing Indian industry at a meeting organised by the Federation of Indian Chambers of Commerce and Industry (Ficci), visiting minister of foreign affairs of Mexico and chairperson-designate of COP 16 to the United Nations Framework Convention on Climate Change Convention (UNFCCC) Patricia Espinosa said that it would be crucial for the negotiating parties to define a long-term goal for reducing carbon emissions, consolidation of recent advances on mitigation, seeking at the same time to increase the level of ambition of every nation to meet the set goal, need for measurement, reporting and verification (MRV) of the transfer of resources and technology and additional and predictable sources of finance, both for public and private sectors and understandings on the role of markets and new mechanisms.
‘‘In Cancun we can agree upon the institutional architecture and a number of concrete measures that are necessary to achieve the enhanced implementation of the Convention and the Kyoto Protocol without sacrificing our level of ambition or the agreed core principles for which we need to be pragmatic. We also need to focus on substantive issues, beyond the issue of legal form of the outcome,’’ the minister said.
Espinosa has said global responses to climate change will support national efforts and clear rules and greater predictability were essential for the central participants of the global economy, adding that a successful negotiation will underscore the importance of the multilateral system.
Mexico, she said, recognised the importance of the talks for the private sector and the need for a clear and predictable framework for investment. She emphasised on ‘‘the need to facilitate access to technology, capacity building and financing for mitigation and adaption.’’
Ficci president Rajan Bharti Mittal said that long-term signals on market based mechanisms and regulatory certainty from the global climate change negotiations would have a significant bearing on the extent to which businesses engaged in climate change mitigation.
Earlier Espinosa accompanied by her deputy Lourdes Aranda, special representative for climate change Luis Alfonso de Alba and other officials met environment minister Jairam Ramesh and discussed ongoing efforts to evolve consensus at the Cancun summit.
Briefing the media persons on her visit, external affairs ministry spokesperson Vishnu Prakash said that Espinosa will meet external affairs minister SM Krishna on Tuesday and discuss a host of bilateral issues, including climate change, intensification of trade ties and UN reforms. She will also call on Prime Minister Manmohan Singh.
