Calling the negotiations sour, Sam Ferrer, speaking for the Climate Action Networks Southeast Asia contingent, said he saw no commitment in the proposals for specific new and additional funds for technology transfer, capacity building, and adaptation. There is tremendous unclarity, she said, in what the clean development mechanism will look like. We also think this is a disaster for forests. Theres nothing here to prevent clearance of native land, in developed and developing countries for large scale industrial plantations. Seller liability for the trading system refers to a countrys ability to sell up to 30 percent pf their assigned amount of emissions.
Hot air refers to virtual, or paper emissions trading.
Sinks are forests capable of withdrawing carbon dioxide from the atmosphere. Greenpeaces Bill Hare was convinced, he said, that the Pronk plan would result in an increase of greenhouse gas emissions into the atmosphere by five to eight percent. In contrast, the Kyoto Protocol called for emissions reduction of five percent. The European Union also lost, said Roda Verheyen, of Friends of the Earth. The bottom line, she said is that governments do not have to take action at home to reduce emissions from fossil fuels -the only way to tackle climate change.