This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

World Leaders Urged To Tackle Runaway Climate Change

DOHA, Qatar, Dec. 4, 2012 /PRNewswire-USNewswire/ -- The Washington, DC-based Environmental Investigation Agency (EIA) today issued an open letter to global leaders meeting at the international climate negotiations in Doha, Qatar, urging them to act now to eliminate hydrofluorocarbons (HFCs) – one of six classes of greenhouse gases (GHG) controlled under the climate regime.

Delegates at this year's United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (CoP18) will discuss proposals to institute a global phase-down of the production and consumption of HFCs under the Montreal Protocol. This is also expected to feature prominently on the agenda at tomorrow's (Wednesday's) Ministerial Round Table on increasing countries' mitigation ambition.

While a majority of nations support an HFC phase-down, progress has been blocked by a handful of countries for tactical reasons.

HFC emissions are the fastest growing source of GHG emissions worldwide, and are predicted to spiral to 5.5-8.8 gigatonnes of CO2-equivalent by 2050, equivalent to 9-19 per cent of global CO2 emissions under a business-as-usual scenario. The elimination of HFCs would represent a significant step forward by the international community at a time when the effects of climate change are becoming increasingly hard to ignore and concrete action on mitigation has stalled.

EIA Global Environment Campaigner Natasha Hurley said: "No-one underestimates the scale of the challenge facing the international community today. As recent events have shown, climate change is already wreaking havoc worldwide. But here in Doha, Ministers have a unique opportunity to kick-start a process that will prevent emissions of 2.2 gigatonnes CO2-equivalent (Gt CO2e) by 2020 and almost 100 Gt CO2e by 2050. We are looking to them to make a clear statement at this conference urging the Montreal Protocol to lead a phase-out of the use and production of HFCs, recognising that emissions of HFCs will still be included in the greenhouse gases covered by the UNFCCC."

A year ago, countries agreed to negotiate a new globally binding climate agreement by 2015. However, the new treaty will only enter into effect in 2020. A recent report by the UN Environment Programme (UNEP) highlighted an 8-13 Gt CO2e gap between the pledges undertaken by countries so far and the emissions reductions needed to limit global temperature rise to two degrees Celsius above pre-industrial levels in the period leading up to 2020.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs