Oxfam has long been a supporter of the Greenhouse Development Rights project, but this is something new! Hang Together or Separately is a major report from Oxfam International in which the Responsibility and Capacity Index is leveraged in a new and creative manner. (And see here for 30 minute press conference (at the Bonn talks in June) where the report was released.)
The focus of the proposal here is a Global Mitigation and Finance Mechanism designed to operationalize a “double duty” in which the rich countries, on the one hand, reduce their combined emissions by at least 40 per cent below 1990 levels by 2020, and, on the other, provide $150 billion per year — “at the very least” — to incentivize large-scale emissions reductions in developing countries and finance adaptation. Continue reading “Oxfam — Hang Together or Separately”