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Statement by H.E. Ambassador He Yafei At the Geneva Dialogue on Climate Finance
2010/09/10

Mr. Chairman,

It is a pleasure for me to attend and address the Geneva Dialogue on Climate Finance. First, let me thank Switzerland and Mexico for organizing this meeting, which provides a useful platform for exchanging views, bridging differences and moving negotiations forward on climate finance.

Climate change is among the most serious challenges facing humanity in the 21st century and also a matter of survival for mankind. It is therefore imperative for the international community to cooperate and work together for the same goal. We should adhere to the basic framework of UNFCCC and its Kyoto Protocol, strictly follow the mandate of the Bali Roadmap, the principle of Common but Differentiated Responsibilities, and the principle of sustainable development. Mitigation, adaptation, technology transfer and funding should be given equal priorities and go hand in hand. Particular attention should be paid to the difficulties of the developing countries, especially the small island states, the least developed countries, the landlocked nations and African countries. We need to combine the effort of tackling climate change with that of advancing their economic and social development, enabling self-driven growth and building their capacity for sustainable development.

Financing is the indispensable guarantee for combating climate change, as well as a core issue in climate change negotiations. The lack of funding is a major obstacle facing international cooperation on climate change. The international community should work together to provide adequate, predictable and stable financial support to the global fight against climate change. In this regard, I would like to highlight three points:

I. Climate finance should maintain the primary channel status of UNFCCC finance mechanism, follow the principle of common but differentiated responsibilities and be arranged through consultations by all contracting parties in line with the principles of broad participation, transparency, and consensus building. Developed countries are obliged under the UNFCCC to provide financial support to developing countries to combat climate change. Developed countries should not impose financial obligations on developing countries, or set preconditions for their provision of financing. All developing countries are entitled to funding support. However China supports the position that priority should be given to the small island states, the LDCs and African countries.

II. The pressing issue for the international community is making developed countries honour their fast-start fund commitment made in Copenhagen. Developed countries should draw a clear burden-sharing plan for the $30 billion fast-start fund as soon as possible. It should be additional fund, not part of their ODA, so that they could respond to the legitimate demand on finance from developing countries, support the developing countries’ action on mitigation and adaption, and strengthen the developing countries’ confidence on international cooperation of climate change.

III. The international community should promote the establishment of a long-term and effective climate financing mechanism within the framework of UNFCCC. Public fund from the governments of developed countries should play a predominant role in long-term funding. The carbon market and private sector funding as well as other financing tools should only be complementary. China welcomes the UN High-Level Advisory Group on Mobilizing Climate Change Resources which addresses long-term climate financing. We hope that the Group will abide by the principles and rules of UNFCCC and its Kyoto Protocol, and provide constructive suggestions to the UNFCCC negotiations.

China faces the arduous task of developing the economy and improving people’s livelihood. However, we attach great importance to tackling climate change. Bearing in mind the fundamental interests of the Chinese People and mankind’s long-term development, we have made unremitting efforts and positive contribution to the fight against climate change. China was the first developing country to adopt and implement a National Climate Change Programme. China has made intensive efforts in energy conservation and pollution reduction in recent years. China has made the fastest progress in new energy and renewable energy use and has the largest area of man-made forests in the world. Between 1990 and 2005, China’s carbon dioxide emissions per unit of GDP were reduced by 46%. Building on that, we have set a new target of cutting carbon dioxide emissions per unit of GDP by 40-45% by 2020 from the 2005 level. China will work with all parties to make the developed countries fulfill their obligations on climate financing, and will provide support to the small island states, the least developed countries and the African countries in the framework of south-south cooperation and within our capacity.

In the coming October, the 14th session of the AWG-KP and the 12th session of the AWG-LCA will be held in Tianjin, China. It will be the last formal meeting within the UN framework before the Cancun Conference. We hope that all parties will try their best to make progress at the Tianjin meeting and build a solid foundation for reaching a comprehensive, balanced and legally-binding outcome at the Cancun Conference.

Thank you.

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