Water Week

EWN Publishing

Global Initiative on Forests and Climate: $200m deposit as Aus’s initial contribution

Posted by waterweek on 18 September 2007

The Australian Government had taken significant practical and international steps towards emissions-reduction, including at the recent APEC meeting, said Greg Hunt, Parliamentary Secretary to the Minister for Foreign Affairs, Liberal member for Flinders in Victoria, in the Federal House of Representatives (11/9/2007).

Aus takes the lead: “There are currently 40 billion tonnes of CO2 emitted every year. Australia emits about 560 million of those tonnes, or 1.4 to 1.5 per cent. Without a global agreement which brings in the developing world, which brings in the United States, which brings in the developed world, all actions we take at home are irrelevant. Australia has put reforestation and the ending of deforestation on the international scene in a way that no other developed country has. We put together the Global Initiative on Forests and Climate. We put together the $200 million deposit, which is Australia’s initial contribution. We announced on the weekend a $100 million overall partnership, of which we are initially putting in $30 million aimed at working towards 700 million tonnes of CO2 capture and abatement of CO2 emissions in Kalimantan on the island of Borneo, Indonesia.

Good for everyone: “From this one project alone, that is more than a year’s worth of Australia’s emissions. It is good for biodiversity in Indonesia, it is good for the communities in Kalimantan and it is fundamental to savings of CO2. How many other countries in the world have put together a project that does that. But that pales into insignificance compared with the declaration about reforestation contained within the Sydney declaration – 1.4 billion tonnes of carbon, over five billion tonnes of CO2,” Hunt added.

Reference: Greg Hunt, Parliamentary Secretary to the Minister for Foreign Affairs, Member for Flinders, Liberal Party of Australia, House of Representatives, Commonwealth, 11 September 2007.

Erisk Net, 11/9/2007


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