|Photo: International Land Coalition|
2. The $30 million "fast start" money should not be spent on economic experts' TEEB-style calculations to commodify the commons for carbon markets, but to save ecosystems now. The funding should be new aid, not loans, not re-labeled from previous commitments. Most of the Accord's "fast start" pledges are not new money.
3. UN negotiations and national actions should aim at preserving ecosystems. Present emission trends and targets take us to a disastrous 4C climate change by 2100. Climate change already kills 300,000 a year (Kofi Annan's thinktank, the Global Humanitarian Forum) -- and additional suffering is due to recurrent food crises (Lester Brown of EPI). We should be looking closely at the spiritual, ethical and legal implications of Rights of Mother Earth aka Rights of Nature.
4. The FTT (Financial Transaction Tax, aka Tobin tax, Robin Hood tax, UN Global tax) could fully finance climate action and MDGs while slowing speculative surges. It is bitterly opposed by the US Treasury, Wall St and its allies. Before Cancun, Britain and France, Stiglitz and Sachs supported the FTT -- with little heard since from the politicos*. This reminds me of Paul Hawken's history of the UN corporate social responsibility initiative, "closed down altogether" just after the 1992 Rio Summit, under pressure from the misnamed Business Council for Sustainable Development (forerunner of the WBCSD) and its G8 allies (Hawken, The Ecology of Commerce, p.168).
*However, this year FTT has won support in studies by the Catholic CIDSE, International Tax Review, Europeans For Financial Reform (EFFR), Neil McCulloch of IDS, and was to be discussed by EU Finance Ministers on 14 June. A report from the European Commission is to be published soon.