The Green Climate Fund to be delivered at Durban would be an empty shell. None of the rich nations, who have committed to provide US $ 100 billion for the fund by 2020, have not bee able to pledge any money making the fund operationalisation.
The rich nations want the Durban to announe the board to run green fund having equal representation from the developing and the developed world. The lurking financial crises in Euro Zone has forced European Union to abandon its plan to provide a start up fund.
India wants the board to be accountable to United Nations conference of parties whereas United States wants its to be independent. The decision on this is expected soon.
Technology Mechanism without money.
The Technology Mechanism, expected to set up technology development centers in developing countries such as India, is likely to be made operational in Durban. Its framework was decided in Cancun climate conference in 2010.
The Technology Mechanism includes two bodies: the Technology Executive Committee—a group of tech-savvy experts charged with strategic planning and the Climate Technology Centre—charged with implementing technology on-the-ground. The roles of the two bodies had remained undefined in Cancun.
"Most of the work is done. We expect an outcome here," said an Indian government official, who participated in the deliberatons on technology mechanism.
The technology development centers will help public and private sector collaboration for research on cleaner technologies. "Only if cleaner technologies are available easily, the countries can shift towards low carbon economy," said Kirit Parikh, who heads India's expert group on low carbon growth model.