CANCUN, MEXICO, 8 December 2010 - World Bank President Robert Zoellick is coming to the climate negotiations in Cancun today to announce the establishment of a multi-million dollar fund to promote the creation of carbon markets in developing countries. Friends of the Earth International strongly opposes carbon markets and the perverse role of the World Bank in climate change and carbon trading.
CANCUN, MEXICO, 9 December 2010 – Draft texts on REDD (Reducing Emissions for Deforestation and Degradation) currently on the table don’t ensure forest conservation and look at forests only as carbon storage. They do not safeguard the rights of Indigenous People nor do they ensure the protection of natural forests.
CANCUN, MEXICO, 11 December 2010 – The agreement adopted at the UN climate talks in Cancun has failed to make progress on the most essential part: steep, binding emissions cuts for developed countries. Friends of the Earth International warns that this agreement provides a platform for abandoning the Kyoto Protocol, replacing it with a weak pledge and review system as a legacy of the Copenhagen Accord, that would lead to a devastating five degree Celsius warming.