PIF announces pricing of $1.25 billion international sukuk offering    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    Donald Trump looms large over Australia's election    Trump ousts Waltz as national security adviser, nominates him for UN post    Saudi economy posts 2.7% growth in 1Q 2025    Saudi Arabia to rehabilitate six hospitals in Sudan    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    Over 650,000 visit Saudi Arabia's 'Jusoor' exhibition in Jakarta in just six days    Makkah Mayoralty approves 3,149 Hajj housing permits for over 1.8 million pilgrims    King Charles sends heartfelt message to fellow cancer patients    FlyAkeed unveils AkeedAI at ATM Dubai — redefining the future of corporate travel with agentic intelligence    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    HR Ministry approves regulations for job ads and interviews in private sector    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



UN Climate Secretariat pleased with Bali negotiations
Published in Saudi Press Agency on 08 - 12 - 2007


Negotiations on a new worldwide
climate agreement are well on their way, participants at the UN
Climate Conference in Nusa Dua on the island of Bali said Saturday, according to dpa.
"I observe a strong willingness to success," Yvo de Boer, the head
of the UN Climate Secretariat said, adding the message for the
politicians due to arrive next week was clear: "You have to act now.
The world is waiting. What is your political answer to what science
is telling you?"
Politicians from nearly 190 countries in Nusa Dua are to give the
starting shot for a new world climate protection treaty to follow the
Kyoto Protocol to reduce greenhouse gas emissions in 2012.
De Boer warned not to go into too much detail in Bali. The aim was
to start the negotiation process. Targets for a further reduction of
emissions should only be tackled later, he said.
"The developing countries have made it clear that they are not
willing to take on binding reduction targets," de Boer said.
However, some of them were prepared to make a contribution to
climate protection if they were given incentives. To do that a
transfer of technologies from industrial nations to developing
nations was necessary, he said.
Stephen Singer of the World Wide Fund for Nature (WWF) also said
he was generally pleased with the conference. In particular, there
had been movement in developing nations, including China, Brazil and
South Africa, he said. These countries had shown that they were
prepared to make their contribution to climate protection, he added.
However, Singer was disappointed that industrial nations had not
made available more means to transfer technology and help developing
nations to adapt to climate change.
A blueprint on the issue is due to be discussed over the next few
days.
The Climate Conference itself, meanwhile, produced nearly 34,000
tons of CO2, the German Wirtschaftswoche magazine reported in its
online edition on Saturday.
The figure, which takes into account the flights of some 10,000
conference participants, their accommodation, board and refuse
collection, had been calculated by Swiss foundation myclimate for the
magazine, it said.
Environment organization Greenpeace has said it is not shocked by
the result.
"If they reach a good result for climate protection here, it's
worth it," climate expert Gabriela von Goerne said in Nusa Dua.
On the conference's Forest Day on Saturday, the Indonesian forest
minister also called for an international recognition for the
protection of tropical forests.
Indonesia expected an international agreement which would create
incentives for sustainable forest management via market mechanisms,
Malam Sambat Kaban said in Nusa Dua.
Indonesia and other countries with tropical forests have been
pressing for financial rewards to protect the woodlands.
The Bali conference is debating whether countries which protect
their tropical forests could in exchange get emission certificates,
which could then be bought by producers of greenhouse gases who have
to reduce their emissions.
A reduction of emissions caused by deforestation and damage to
forests had to be part of the climate agreement that would come into
force after the Kyoto protocol, the minister said.
The world's largest environmental funding body, the Global
Environment Facility (GEF), meanwhile, said it planned to launch a
tropical forest account initiative to stop deforestation to help
safeguard forest ecosystem for protected areas and for sustainable
forest management.
"The window to save the last remaining functioning expanses of
tropical forests, which are responsible for the delivery of crucial
global environmental services, is closing fast," GEF chairwoman
Monique Barbut said.
The so-called Tropical Forest Account Initiative would fund
projects to stop deforestation in 17 countries of the Amazon, Congo
Basin, New Guinea and Borneo, arguing that action is need as threats
mount for the tropical forests in these areas.
The GEF is a 178 member-strong international financing body
devoted to global environmental issues that support sustainable
development.


Clic here to read the story from its source.