This is the second in a series of video blogs from the global warming negotiations in Mexico (see the first one on the mood at the beginning of the global warming negotiations). It covers what happened in the second day of the two week negotiation session. The real sub-story from yesterday was around transparency – both on finance and emissions reductions.
The European Union detailed its progress towards its contribution of “fast start funding” that developed countries pledged in Copenhagen to aid developing countries in reducing deforestation emissions, deploying clean energy and adapting to the impacts of global warming. This follows a similar report from the US on its fast start funding detailing how its contribution is being utilized to date. My colleague will have a more detailed post on the EU and US reports later today.
Yesterday NRDC also released a report detailing how we recommend both developed and developing countries increase transparency and accountability around their emissions levels and the actions that they are taking to reduce their emissions.
Transparency of emissions reductions and finance are key elements so watch the video which provides more detail.