‘Climate Talks must focus on Immediate Action: Mexico’

By Chang-Ran Kim

YOKOHAMA, Japan, Nov 10 (Reuters): Mexico’s foreign minister said on Wednesday the U.N. climate talks she will co-host this month should zero in on immediate goals such as the creation of a Green Fund, as hopes fade for a sweeping result.

Failure to achieve even a “bare minimum” set of decisions would undermine the credibility of the already troubled negotiations on a broader climate pact, Patricia Espinosa said in an interview on the sidelines of an Asia-Pacific Economic Cooperation (APEC) ministerial meeting.

Prospects for the Nov 29-Dec 10 climate change talks in the Mexican resort of Cancun have dimmed in recent months because of near-deadlock in the 194-nation negotiations over how to share the burden in cutting greenhouse gas emissions.

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Just Released: ‘World Energy Outlook 2010′

The 2010 edition of the World Energy Outlook (WEO) was released on 9 November and it provides updated projections of energy demand, production, trade and investment, fuel by fuel and region by region to 2035. It includes, for the first time, a new scenario that anticipates future actions by governments to meet the commitments they have made to tackle climate change and growing energy insecurity.

WEO-2010 also puts the spotlight on several topical issues, including what more must be done and spent post-Copenhagen to limit the global temperature increase to 2°C and how these actions would impact oil markets; how emerging economies – led by China and India – will increasingly shape the global energy landscape; the costs and benefits of increasing renewable energy, the outlook for Caspian energy markets and their implications for global energy supply, the future role for unconventional oil and the crucial importance of energy in achieving the UN Millennium Development Goals.

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