Genesis Morocco: Copenhagen, De Mello, and the World Bank

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Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Monday, December 7, 2009    <<Home

Copenhagen, De Mello, and the World Bank

As the nations of the world convene in Copenhagen in order to adress climate change we are witnessing a profound rift between developed nations deemed historically responsible for climate change and developing nations such as India, Brazil and China that are becoming greenhouse gas powerhouses and others, mainly African countries composing the group of 77.

This is undestandable. The truth of the matter is no one wants to pay. The europeans have come up with a figure of 100 billions euros yearly untill 2020 to adress climate change but so far commited only 1 to 3 billions, pocket change.

Where does this leave the Arab world and Africa. Saudi Arabia is on the verge of denial, especially so after this email leakage story, the climategate. As for Africa, well they want the money but no supervision. I can foresee climate change ferraris from here to cotonou.

Lets be serious, this is a real issue were dealing with here, we need real tools to deal with it.

Here's tree such tools :

First : The Mexican initiative has got some punch in it, setting up a green fund where countries would participate proportionally to their emissions. I believe Morocco also called for the creation of such a fund at the last IRENA conference. This is doable, but then again most countries do not pay their dues to the UN on time for example, and some just don't pay... so, but still it can be further prospected.

Second : We need technology transfer, and thus we need to set up a supervising authority to oversee that it is done in a timely and ordered fashion. The US, Japan and Germany should be major stake holders.

Last but not least, And I haven't heard many voices calling for that option to be explored, but I am confident that its going to gain ground as a long term perspective :

The IMF and the World Bank have to be brought in in order to foster debt reconversion into renewable energy and drinking water projects in poor and developing countries.

This last initiative I call the De Mello initiative, in memory of Sergio Vieira de Mello, o homem que queria salva o mundo, the man who wanted to save the world.

Regards, and best of luck.