Last week the Major Economies Forum, a group created by the United States last year to help foster an agreement on climate change action, met in Rome for a two-day meeting to discuss the progress made in the road to Cancun and how the major developing countries will meet their reduction commitment. The discussion focussed on the monitoring, reporting and verification (MRV) of these commitments, suggesting that these procedures be dealt with by domestic agencies in developing countries, while all mitigation measures funded with international funds should be developed in line with an international regime. Representatives of developing countries present at the meeting complained that the discussion on MVR should focus also on targets, time frames and technology transfers from developed to developing countries. Besides the 17 countries that normally attend the MEF meeting, five more developing countries, including Bangladesh and Ethiopia, were invited to the Rome meeting.

Climate Policy News

• This news is extracted from the Climate Policy News : a CMCC weekly column that summarises the latest news on international climate change agreements, the updates on the carbon market and the energy and technology updates in the realm of climate change. Go to the web page and see all previous issues since March 2007.
• This week: EU member states miss renewable action plan
  deadline; Auctioning rules for EU ETS phase 3; Major Economies Forum meets in Rome; New climate bill presented in Congress; The carbon market this week – Download the June 28 – July 4, 2010 Newsletter