The lead negotiator for an inter-governmental organisation of low-lying coastal and small island countries doesn't mince words. She says the new international climate change treaty being drafted here at the ongoing U.N. Climate Change Conference “is to ensure our survival".
The U.N. mechanism for supporting carbon emissions projects in developing countries – the Clean Development Mechanism (CDM) – is in crisis as a result of a dramatic slump in the prices being paid for carbon credits.