Malaysia will cut up to 40pc carbon emission by 2020

COPENHAGEN: Malaysia will voluntarily slash by up to 40 per cent her carbon emission by 2020 compared with 2005 levels.

Prime Minister Datuk Seri Najib Razak, who made this commitment today, said this was part of Malaysia’s contribution to global efforts to combat climate change.

He said, however, the reduction was conditional upon the transfer of technology and adequate financing from developed and industrialised countries and economies.

Addressing the United Nations Climate Change Conference 2009 (COP15) here, Najib said Malaysia was committed to doing its best to combat climate change.

“We realise this is nothing short of a herculean endeavour, but Malaysia is committed,” he said, adding COP15 offered the best hope for a global framework of cooperation.

He said COP15 presented fair principles of equity and historical responsibility due to the need of parties in the Annex 1 category (industrialised countries and economies in transition) to repay their climate debt.

“The key to our future cooperation is to recognise, adopt and work out the realisation of the principle of fair shares to the atmospheric space and resource.

“At the same time, we must have ambitious environmental aspirations,” he said, adding that these two factors would ensure COP15’s success.

Najib later described the proposed US$10 billion (RM3.4 billion) fast track funding for developing nations to control emissions as a “mere pittance and woefully inadequate”.

He said developing countries required long-term financing of some US$800 billion a year for adaptation and mitigation of climate change.

The funding, he added, was linked to the target of limiting global warming to a 2°C temperature rise.

However, the figure could hit US$1.5 trillion annually based on scientific endeavours to cap the rise at 1.5°C.

“If we think about it, this is not too high when compared with the trillions of dollars recently used in bailing out banks and companies.” Najib urged developed countries to commit US$200 billion annually by 2012 until US$800 billion annually thereafter.

He also spoke on the looming threat of trade protection under the guise of addressing climate change.

For COP15 to work, there must be a clear statement that developed countries would not take trade-related measures such as carbon tariffs and border adjustment measures against the products, services and investments of developing countries.

“Otherwise, we would have an unacceptable situation where developed countries give one dollar with one hand and remove 10 dollars with the other.”