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G8 Summit

Yes, that is right, and of course the whole purpose of building up something such as the clean development mechanism—for all the problems associated with it, it none the less does generate real income—is to be able to create a resource through which we can help those countries to use technology. For example, as we develop carbon sequestration or hydrogen fuel cell technology, we can share that technology with them. That is a crucial part of the issue. The problem with the whole debate, as I reflected when I heard what the leaders were saying, is that it is a matter of fairness what obligations each country has. It is a matter of fairness that the developed world, having developed, should not penalise the developing world, which wants the benefits of development. Unfortunately, the climate does not change according to where the emissions come from; that is simply a matter of science and fact. Therefore it is important that we make sure that the technology transfer and the sharing of the science is an integral part of any deal. Otherwise we will find it very hard, for understandable reasons, to persuade China and India to be part of it.