Prof. Tran Thuc, The Vietnam Panel on Climate Change.
Prof. Jung Tae Yong, Yonsei University, Korea.
Dr. Akio Takemoto, Global Environment Facility, USA.
Dr. Nguyen Tai Tue, VNU University of Science.
Dr. Luong Quang Huy, Vietnam's Ministry of Natural Resources and Environment.
Climate change has wide-ranging impacts, of which the consequences burden poor developing countries most seriously. Dealing with those problems requires global cooperation. OECD analysis shows that large reductions in greenhouse gases emissions are achievable at relatively low costs if the right policies are put in place. This includes strong use of market-based instruments worldwide to develop a global price for GHG emissions, accompanied by better integration of climate change objectives in relevant policy areas such as energy, transport, building, agriculture or forestry, and other measures to speed technological innovation and diffusion.
This session will try to discuss these issues, focusing on big questions as follows:
How should the costs of the policy collaboration be distributed among developing and developed countries?
To what extent is the emission trading system working? What fosters and what hinders this finance mechanism?
Do we need to create a new international institution (analogous to the IMF) to deal with climate change, or can existing institutions handle the task?
How does a desirable institutional architecture for climate negotiations look like?
To what extent may the current political turbulence in major benefactors affect the global atmosphere in tackling climate change? What are the roles of international technology cooperation and adaptation measures to climate change?