It is nothing short of shameful that the country that has seen more sustained economic growth and emissions than any other is by far the most selfish and irresponsible. Several channels should be used to operationalise new and additional funds provided by Annex II Parties. The GEF should not be the only mechanism for the fulfilment of Convention commitments and should be reformed to meet Southern needs. MDBs and export credit agencies should provide new funds for transfer of clean technologies rather locking developing countries to the carbon model. These projects must reflect the needs of developing countries and EITs, as set out in country-driven needs assessments.
Money is needed now to fund demonstration projects all over the world.
MDBs and export credit agencies should also report on their GHG emissions. Because they cause a lot of them. Northern governments focused on their own agenda while ignoring the priorities for developing countries. This contributed to the breakdown of the conference.