Carbon markets were created in developed countries, as well as so-called clean development mechanisms (CDM), under which the cuts could be borrowed from carbon credits from developing countries, allowing them to act jointly. Following the global attempt to develop and implement long-term actions at the conference of parties in Indonesia’s Bali in 2007, Thailand’s commitment to address climate change started to gain momentum. Developing countries are waiting to see the support promised under the agreement by developed countries, a sticking point that emerged at the recent Bangkok climate conference, he said. According to the Fifth Assessment Report by the Intergovernmental Panel on Climate Change (IPCC), Southeast Asia is one of the two most vulnerable regions in the world to coastal flooding. It is also considered one of the 16 countries in the “extreme risk” category most vulnerable to future climate change impacts over the next 30 years.

Source: Philippine Daily Inquirer September 16, 2018 11:16 UTC