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INFORMAL CEREMONY

UNGA President Razali Ismail introduced the two speakers for the informal opening ceremony: Brazilian President Fernando Henrique Cardoso and US Vice-President Al Gore. Cardoso noted the opportunity to renew the partnership formed in Rio and urged participants to use it wisely. Gore noted that private capital flows are sky rocketing, bringing with them the promise of development. He said the FCCC Kyoto meeting presents an opportunity to set binding emission limits, which should permit flexibility for implementation and the participation of all. He supported a follow-up mechanism on forests, but no new negotiations.