Hopes of a successful conclusion to the world climate summit,
which starts next Monday in Durban, South Africa, are extremely
slim. Progress may be achieved in the second negotiating track,
i.e. adaptation aid for the countries worst hit by climate change.
However, mankind's global warming issue would appear, under the
United Nations' process, to be doomed to further failure in Durban.
This would mean that the Kyoto Protocol, still the only binding
climate protection agreement, although not signed by all the major
economies, would expire with no follow-up agreement. Munich Re is
therefore calling for new climate protection initiatives.
To boost the campaign being waged on global warming despite the
stalled UN climate negotiations, a core group of countries that
have already set their climate goals needs to take the lead and
concentrate all their efforts on promoting renewable energy. During
the Durban climate summit, Munich Re will publish an electronic
press folder on the internet containing useful information on
aspects of the summit at www.munichre.com.