By Jeffrey Sachs
    Project Syndicate

    Monday 26 February 2007

All countries, both rich and poor, must come together to confront climate change.

    The world is in the midst of a great political transformation, in which climate change has moved to the center of national and global politics. For politicians in persistent denial about the need act, including US President Bush, Australian prime minister John Howard, and Canadian prime minister Stephen Harper, there is no longer any place to hide. The science is clear, manmade changes in climate are being felt, and the electorate's demand for action is growing.

    Though unlikely just a few months ago, a strong global agreement by 2010, one that will set a path for action for decades to come, now stands a good chance of being implemented.

    Political leaders in countries that produce coal, oil, and gas - like the US, Australia, and Canada - have pretended that climate change is a mere hypothesis. For several years, the Bush administration tried to hide the facts from the public, deleting references to manmade climate from government documents and even trying to suppress statements by leading government scientists. Until recently, Exxon Mobil and other companies paid lobbyists to try to distort the public debate.

    Yet truth has triumphed over political manoeuvres. The climate itself is sending a powerful and often devastating message. Hurricane Katrina made the US public aware that global warming would likely raise the intensity of destructive storms. Australia's great drought this past year has similarly made a mockery of Howard's dismissive attitude toward climate change.

    Scientists themselves have operated with great seriousness of purpose in educating the public. We can thank the United Nations for that. The UN sponsors the Intergovernmental Panel on Climate Change (IPCC), a worldwide body of hundreds of climate scientists who report every few years to the public on the science of climate change.

    This year, the IPCC is releasing its fourth round of reports, starting with the one issued early in February. That report was unequivocal: there is a powerful scientific consensus that human activity, mainly the burning of fossil fuels (coal, oil, gas), as well as deforestation and other land uses (such as growing paddy rice), leads to massive emissions of carbon dioxide into the air. This is causing climate change, which is accelerating and poses serious risks to the planet.

    The single biggest threat comes from the production and consumption of energy for electricity, transport, and heating and cooling buildings. But the world's scientists and engineers, as well as global technology leaders such as General Electric, are also sending a clear message: we can solve the problem at modest cost if we put our best thinking and action into real solutions.

    By shifting to alternative energy sources, economising on energy use, and capturing and safely storing the carbon dioxide produced by fossil fuels, global society can limit its emissions of carbon dioxide to prudent levels at an estimated cost of under 1% of global income. The changeover to a sustainable energy system will not come quickly, and will require new kinds of electrical power plants, new kinds of automobiles, and "green buildings" which economise on energy use.

    The process will take decades, but we must start now and act on a global basis, using carbon taxes and emission permits to create market-based incentives for companies and individuals to make the necessary changes. Those incentives will come at modest cost and huge benefit, and they can be designed to protect the poor and shift the climate-change burden to those who can afford it.

    A reasonable timetable is possible. By the end of 2007, all of the world's governments should begin negotiations on a climate-change system for the years after 2012, when the current Kyoto Protocol expires. Basic principles should be established during 2008, and by 2009 the world community, including the two largest emitters of carbon dioxide, the US and China, should be ready to make a serious deal, which should be concluded by 2010 and ratified in time to replace the Kyoto Protocol.

    The Kyoto Protocol was the first attempt at such a system, but it applied only to rich countries and set only modest objectives. The richest country and biggest contributor to global climate change, the US, didn't even sign. Neither did Australia. Canada signed but has failed to act. Nor did huge energy users like China and India, which must be part of any meaningful solution, face serious responsibilities under the Kyoto agreement.

    All of that will have to change. All countries will have to shoulder their responsibilities to the rest of the world and to future generations.

    There is now a way for individuals and companies to make their own voices heard. The Earth Institute at Columbia University, which I direct, hosted a Global Roundtable of leading businesses, environmental groups, and other international organisations to reach a consensus to help inform the upcoming negotiations. The roundtable produced an important statement of principles and a longer overall statement that has been signed by many of the world's largest businesses, including those based in the US, Europe, Canada, China, and India. Many of the world's leading scientists signed, too.

    Global climate change requires global decisions, and initiatives like the roundtable statement show that we can find areas of agreement for powerful action. It's time for the world's political holdouts to join that effort.

(In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. h o t g l o b e has no affiliation whatsoever with the originator of this article nor is h o t g l o b e  endorsed or sponsored by the originator.)