2. Recognizing that the right to development is a basic human right that is undeprivable. (p58)
3. Recalling that economic and social development and poverty eradication are the first andoverriding priorities of the developing countries. (p58)
1. Recognizing the special difficulties of those countries, especially developing countries, whoseeconomies are particularly dependent on fossil fuel production, use and exportation, as a consequence ofaction taken on limiting greenhouse gas emissions,2. The specific needs and special circumstances of developing country Parties, especially those thatare particularly vulnerable to the adverse effects of climate change, and of those Parties, especiallydeveloping country Parties, that would have to bear a disproportionate or abnormal burden under theConvention, should be given full consideration. 23. There is a need to undertake a global transition to a low-emission economy in order to tackleclimate change. Although this transition presents a major opportunity for all countries to follow a cleandevelopment path, it can also pose challenges for all Parties, in particular the most vulnerable countries.Parties should work together to ensure that this transition is congruent with sustainable developmentprocesses in all countries.4. The difficulties of assessing the complex issue of potential impacts of policies are compoundedby the fact that some of these impacts are unintended and often unanticipated. Wider economic andpolitical factors can play a role in the vulnerability of socio-economic sectors and can amplify ordiminish the impacts of policies.
16. [Adverse economic and social consequences of response measures [shall][should] be addressedby proper economic, social and environmental actions, including promoting and supporting economicdiversification and the development and dissemination of win-win technologies in the affected countries,paying particular attention to the needs and concerns of the poorest and most vulnerable developingcountry Parties.]Alternative to paragraph 16:[Adverse economic and social consequences of response measures shall be addressed by various means,including but not limited to promoting, supporting and enabling economic diversification, funding,insurance and the development, transfer and dissemination of win-win technologies in the affectedcountries, such as cleaner fossil fuel technologies, gas flaring reduction, and carbon capture and storagetechnologies.]17. [[Developed [and developing] countries] [Developed and developing country Parties] [AllParties] [shall] [should]:](a) Compensate for damage to the LDCs’ economy and also compensate for lostopportunities, resources, lives, land and dignity, as many will become environmentalrefugees;(b) Africa, in the context of environmental justice, should be equitably compensated forenvironmental, social and economic losses arising from the implementation of responsemeasures. (p122)19. [The permanent [forum] should also formulate/implement a work programme that [includes][addresses inter alia] the following components:](a) [Insurance and financial risk management;](b) [Modelling, analytical and methodological tools;](c) [Economic diversification;](d) Early warning and systematic observation;(e) Disaster management and preparedness;(f) Compensation procedures and actions including funds;(g) Funding;(h) Other related matters.](p123)
2. Objective and scope6. The provision of financial resources shall be guided by the principles of [SOCIALISM]the Convention and thepriorities of developing country Parties, and arrangements shall be made for financial resources to bemade available to enable developing country Parties, especially those particularly vulnerable to theadverse impacts of climate change, to take nationally appropriate mitigation and adaptation actions, inthe context of sustainable development priorities.7. The objective of the provision of financial resources is to promote equity and justice throughfurther enhancement of the full, effective and sustained implementation of the Convention and the BaliAction Plan, so that the ultimate objective of the Convention can be achieved.8. Parties agree to establish, in accordance with Article 11 of the Convention, the FinancialMechanism of the Convention with a structure that meets the specific requirements laid down underArticles 11.1 and 11.2 of the Convention. The Financial Mechanism shall enable, enhance and supportmitigation and adaptation actions by developing country Parties to meet the objective(s) in accordancewith Article 4.3, 4.4 and 4.5 of the Convention through the provision of financial resources to meet theagreed full incremental costs of such actions, including the full cost of adaptation activities, technologytransfer and capacity-building.(p126)
- John F. Kennedy, 1962