Yes. I've almost finished.
The IPCC fourth assessment gives a lot of information on what countries can do to reduce emissions. Perhaps most interestingly, it seems that after conservation--which everybody understands because it's the lowest-hanging fruit--looking at making buildings more energy-efficient can produce tremendous reductions in emissions at fairly low cost.
I should say a few words about adaptation. Because the impacts are now inevitable, adaptation is becoming more and more an imperative. We have a lot of experience in adapting to today's climate variability; however, the IPCC's conclusion is that many more additional adaptation measures will be required in order to avoid some of the worst impacts. That's regardless of the scale of mitigation over the next two to three decades.
Finally, the point I made at the beginning from the working group two report is that if there are benefits in looking at climate change in terms of development, there's growing evidence that decisions regarding macro-economic policy, agricultural policy, multilateral development, bank lending, insurance practices, electricity market reforms, energy security, and forest conservation--which are often treated as being apart from climate policy--can significantly reduce emissions.
Vulnerability to climate change can be exacerbated by other stresses, and if we look at them and tackle some of these non-climate stresses, such as poverty, unequal access to resources, food insecurity, trends in economic globalization, conflict, and disease, they can also reduce vulnerability and increase our capacity to address the threat of climate change.
In my view, adaptive capacity is intimately connected to social and economic development. Of course development is not even, but the problem is that climate change is likely to increase the disparity between the rich and the poor.
Thank you, Mr. Chairman.