And also dealing with the perceptions that are put about Bin Laden, Saddam Hussein, the links that were put about pre Iraq war.

Perhaps the saving grace in this situation is that animal spirits can and sometimes do change direction.

Italy is the only debt distressed eurozone country in which the negative competitiveness trends (productivity relative to income) have not reversed direction in the post crisis period.

The price of fossil fuels, however, is likely to continue to trend upward.

Moreover, a growing number of Latin American countries are veering left, and Hugo Chávez, the belligerent and anti American Venezuelan president, is becoming increasingly popular in every Latin American country.

High and rising inflation creates great costs and is difficult to reverse.

We are encouraged that global ODA has reversed its downward trend and has shown a net increase in the three years since the Monterrey Consensus.

From 2003 2006, annual construction spending rose to a level well above its long run trend.

The official name of the country has changed as the form of government has changed.

With regard to essential use nominations, TEAP had recommended 539 tonnes for the European Community for 2006, which was consistent with its downward trend.

Indeed, the menace that now confronts us is not public debt or inflation, but a downward economic spiral that will be increasingly difficult to reverse.

Climate change

Freedom changes the frame and substance of choice, and of individual and collective responsibility.

But terrorist attacks have not changed one essential thing they have not changed our values.

What we are witnessing and what is now affecting the whole world is a man made disaster that can be stopped and reversed by a coordinated policy response.

But how long can the storm last? Although highly unpredictable, it is easy to imagine how the process could be reversed.

Climate Change Posers

So much has changed.

The Climate Change Revolution

Climate Change by the Numbers

It reviews privileges and immunities in the context of the United Nations and the climate change process, and outlines a number of options for consideration by the COP MOP in its determination of whether and how members, alternates and experts of constituted bodies should be provided with the necessary privileges and immunities to carry out their functions under the Kyoto Protocol, and what process should be put in place to settle disputes brought by third parties.

FCCC KP CMP 2005 3 Add.4 Decisions concerning the modalities and procedures for a clean development mechanism, as defined in Article 12 of the Kyoto Protocol

FCCC KP CMP 2005 3 Add.2

This present document reflects on the financial implications of suspending the practice outlined above.

FCCC SBSTA 2005 L.18 Add.1

The Subsidiary Body for Implementation (SBI) is invited to consider this issue and recommend a draft decision for adoption by the COP MOP.

This note describes an initiative to make sessions of the Conference of the Parties (COP) and of the subsidiary bodies climate neutral.

The COP MOP may wish to refer the consideration of the information contained in this report to the Subsidiary Body for Scientific and Technological Advice and provide guidance, as necessary, to the secretariat concerning the fulfilment of its functions as the ITL administrator.

FCCC KP CMP 2005 XX Add.2

FCCC SBSTA 2005 L.19 Add.1

FCCC SBI 2005 L.15 Add.1 Rev.1

FCCC KP CMP 2005 3 Add.4

The world has changed.

Parties have reported that they are already experiencing stresses from climate related events and phenomena that could be exacerbated by future climate change, and that this makes them highly vulnerable.

The seventh meeting of the Least Developed Countries Expert Group was held in Bonn, Germany, from 4 to 7 April 2005.

FCCC SBSTA 2005 L.24 Add.1

National statements

schedule to be determined

Participants at the workshop exchanged views and experiences on a range of activities relating to these technologies including concepts needs for, and identification and evaluation of, technologies for adaptation and lessons learned.

The SBSTA may wish to endorse the proposed technical guidance and forward a draft decision for adoption by the Conference of the Parties at its eleventh session, recommending a decision for adoption by the COP MOP at its first session.

The Subsidiary Body for Implementation is invited to recommend, for adoption by the COP at its eleventh session, a draft decision proposing the continuation of the current arrangements and inviting the Secretary General of the United Nations to seek the endorsement of this continuation by the General Assembly until a review is deemed necessary by either the Parties or the General Assembly.

The numbering of decisions will be added in the final report of the COP MOP.

This document is provided for information.

FCCC SBSTA 2005 L.xx

The document also responds to the mandate given by the Conference of the Parties in decision 4 CP.10, and provides an overview of how the LEG has implemented its programme of work as mandated by decision 9 CP.7.