A major global report launched on Tuesday emphasized the importance of rich nations taking the lead in reducing carbon emissions to prevent negative impacts on health, education, and poverty reduction for the world's poor. The UN Human Development Report (HDR) 2007-08, titled "Fighting climate change: Human solidarity in a divided world," called on developed countries to offer incentives to developing nations to address the challenges of climate change. The report, prepared by the United Nations Development Programme (UNDP) based on the Intergovernmental Panel on Climate Change Synthesis Report, outlined a plan for climate change negotiations in Bali, Indonesia, stressing the urgency of taking action within the next ten years. The report warned that if the opportunity to prevent temperature rises of over two degrees Celsius is missed, the Himalayan glaciers that supply water and food to over two billion people could disappear. The lead author of the report, Kevin Watkins, stated that the carbon budget of the 21st century is being overspent and could be depleted by 2032, leading to devastating consequences for the poor who are the most vulnerable. The report emphasizes the need for the world's wealthiest countries to take responsibility and lead the way in reducing emissions by at least 80 percent by 2050. Additionally, the report calls for a new $86 billion global annual investment in international adaptation efforts to protect the world's impoverished populations. The report suggests that developed countries should implement a new system for transferring clean energy technology to developing countries. The report highlights the positive impact of investing in adaptation efforts, such as protecting assets during flooding. It also calls for developing Asian countries, such as China and India, to reduce emissions by at least 20 percent by 2050. UNDP administrator Kemal Dervi&#351; emphasizes the importance of expanding access to affordable energy while reducing carbon emissions. The report proposes establishing a Climate Change Mitigation Facility funded by developed countries to incentivize developing countries towards a more sustainable development approach. Watkins argues that rich countries must provide funding for technology transfer to poorer countries as a way for developed countries to address their carbon footprint. The pathway outlined in "Fighting climate change" is a detailed checklist for political leaders attending the Bali conference in December. It emphasizes the need for a binding and enforceable post-2012 multilateral agreement to combat climate change and protect the planet and its most vulnerable populations. Key points include reducing emissions from developing countries by 20% by 2050 and from developed countries by 30% by 2020 and at least 80% by 2050, as well as creating a Climate Change Mitigation Facility to finance low-carbon energy investments in developing countries. This would require an annual investment of $25-50 billion. Implement a fair price for carbon by utilizing both carbon taxation and expanding cap-and-trade schemes globally. Enhance regulatory standards by implementing and enforcing stricter efficiency standards for vehicle, building, and electrical appliance emissions. Encourage the growth of low carbon energy sources, acknowledging the opportunity for expanding the use of renewable energy and the importance of investing in innovative technologies like carbon capture and storage (CCS). Allocate $86 billion or 0.2 percent of the combined GDP of northern countries to improving climate-resilient infrastructure and enhancing the ability of the less fortunate to withstand the impacts of climate change. Include adaptation in all strategies aimed at reducing poverty and extreme inequality, such as poverty reduction strategy papers. Acknowledge the importance of carbon sequestration in forests and land in future global agreements, and support international financial transfer plans for deforestation, as proposed by Brazil and other countries.