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Uncertain that a binding legal treaty will be reached at the upcoming follow up climate change summit in Mexico,Zapatillas Nike Mujer Espa?a, later this year President Bharrat Jagdeo said it should not deter efforts to work towards this goal.The President was at the time, according to the Government Information Agency, answering questions on where next for climate change following the launch of the United Kingdom (UK) Government’s new action plan on climate change.The President is in London attending the meeting of the high-level team appointed by the United Nations (UN) Secretary General Ban-ki-moon to address climate change financing.Outlining some of the decisive factors for an acceptable agreement,Jerseys Football Wholesale, the President alluded to the establishment of the green fund and an outline of the principles and mechanisms under which it would be build.The green fund which helps nations meet climate-change pledges would see the selling of bonds in global markets and the profits going to poor countries to help in the efforts to cope with the effects of the climate change phenomenon.Additionally,China Football Jerseys, the approval of a Reduced Emission from Deforestation and Forest Degradation plus (REDD +) mechanism and adaptation fund were the other important plans which the President highlighted as critical to a workable deal.The former caters for cutting deforestation rates, conservation and expansion of forest stocks and sustainable forestry management, while the latter (Adaptation Fund) was established to finance concrete adaptation projects and programmes in developing countries that are particularly vulnerable to the adverse effects of climate change.“These are the things that will,Wholesale Football Jerseys, I think, move us closer to the solution. Of course we should try to find some level or reach some compromise in,Best Cheap Shoes Website, what seems to be a rigid position on the part of two sets of countries; the developing world insisting that the Kyoto Protocol’s principles be maintained and many countries in the developed world wanting an alternative treaty,Bob Uecker Jersey,” President Jagdeo said. On Wednesday, March 31, the British Government launched an action plan titled, ‘Beyond Copenhagen: the UK Government’s International Climate Change Action Plan,Cheap Wholesale Shoes Free Shipping,’ which sets out the criteria needed for climate finance to begin flowing and outlines ways of delivering on the commitments countries made to tackle their emissions.The Head of State said the UK Government’s position will likely be the basis on which a compromise is struck.“I was very pleased that the document said that they have no intention of abandoning the Kyoto protocol,” President Jagdeo said.In the action plan the UK Government sets out its views on building on the strengths of the Kyoto Protocol, pushing for the EU to increase its plans to cut emissions in line with comparable moves elsewhere and supporting the EC’s work to identify the practical steps that would be required to implement a 30% target.President Jagdeo said reaching a strong binding agreement on the targets are important but challenging because of failure on the part of some countries to deliver on the level of commitment that would lead to the accomplishment of a two degree Celsius rise above pre-industrial levels by 2050.Even if a strong binding agreement was reached on the targets, President Jagdeo said such would be pointless without financial support.“This is why finance is so important, not just raising the money but doing it in a practical way, recognizing the difficulties that all countries have,” President Jagdeo said.