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China will remain as a developing country in the UNFCCC framework and will remain in the Like-minded Developing Countries group (LMDC) as well as the more general grouping of developing countries, according to the head of the Chinese delegation, Su Wei, taking part in the Conference of the Parties that opened in Lima on Monday.

Su Wei made this confirmation in answer to a question during a side event on “Perspectives on the 2015 Paris deal: Options on the road from Lima to Paris” organised by the Third World Network and the South Centre at lunch time at the Conference Centre on the first day of the COP20.

The principle of common but differentiated responsibilities (CBDR) is considered one of the key achievements of the UN Conference on Environment and Development in Rio de Janeiro in 1992. Twenty years later, this principle has become a focal point of current negotiations on climate change and the post-2015 agenda. The developing countries that make up the Group of 77 want to preserve the principle unchanged. However, the US, EU and other industrialized countries want to do away with it in its present form. They argue that global power structures have changed. In their view, fair burden sharing must include contributions to climate protection from emerging economies like China, India and Brazil. "If consensus cannot be found, there will be neither a new global climate treaty nor a global development agenda worthy of the name in 2015" writes Global Policy Forum's director, Jens Martens.

The UN Guiding Principles, while not perfect, provide the clearest expression yet of the international community’s expectations of the human rights responsibilities of corporations, including private sector banks. The most notable response by the banking sector to date has been the formation of the Thun Group in 2011 to discuss the implementation of the Principles, and their first discussion paper, launched in 2013.

More than one year from the launch of this paper, and more than three years from the launch of the Guiding Principles themselves, a new study released by BankTrack, “Banking with principles? Benchmarking banks against the UN Guiding Principles on Business and Human Rights”, attempts to assess how banks are doing at implementing the Principles into their own operations, policies and reporting.

The Arab NGO Network for Development (ANND), in collaboration with Christian Aid and Social and Economics Policy Monitor Palestine, explore in their comparative study on “Tax Systems in Six Arab Countries” how the tax systems of Arab countries have contributed to the lack of opportunity, growing inequalities, marginalization and exclusion suffered by the majority of people living in the Arab region. The revolutions witnessed by some countries in the region and the instability and crises in others are in part a demonstration of the people’s rejection of these inherent structural disparities. Paradoxically, as the report shows, it is the tax policies of these countries that present one of the key means by which local resources could be redistributed and mobilized to restore socio-economic justice to the poor and to foster more self-reliant development.