Developed World Shuns "Loss & Damage" Plan In Warsaw; Favors Empty "Clean Tech" Committments
EDIT
With loss and damage front and center this week after the unparalleled devastation from Typhoon Haiyan (read The Brisbane Times article Typhoon Haiyan and a year of weird weather), all 48 Least Developed Countries (LDCs) yesterday engineered a strategic intervention by jointly presenting the UNFCCC Secretariat with their National Adaptation Programmes of Action (NAPAs).
True to the course, lead negotiators from industrialized nations are expected to shy away from any "formalised mechanism" to address loss and damage, focusing instead on attracting investors to navigate their way towards profit via long-term clean tech development through contributions towards $100bn annual Green Fund commitments.
The application of this 'antiquated' and seemingly unsustainable model of development was evidenced yesterday at the US Center where USAID hosted the panel "Concept to Reality: Mobilizing Private Investment for Clean Energy in Africa."
In a case study detailing a six year project to bring a 5MW biomass grid online in South Africa, CTI PFAN advisor Michale Feldner (Inspire South Africa) painting a disturbing picture of huge financial costs (primarily legal fees), delays in permit applications, difficulties in luring and holding onto investors, and the dismal ratio between project identification and actual funding and development.
EDIT
http://www.resilience.org/stories/2013-11-15/loss-and-damage-warsaw
