Thursday, August 5, 2021
Home Middle Column UN Summit Ends With Agreement to Agree in 2015: Main decisions at...

UN Summit Ends With Agreement to Agree in 2015: Main decisions at U.N. climate talks in Warsaw: Agreed to ‘the outlines of a deal meant to be agreed in 2015 to combat global warming’

-

Via Reuters:

FINANCE

Developed nations promised in 2009 to increase their aid to poorer countries to help them cope with climate change to $100 billion a year after 2020, from $10 billion a year in 2010-12. But in Warsaw they rejected calls to set targets for 2013-19.

A draft text merely urged developed nations to set “increasing levels” of aid, to be reviewed every two years.

LOSS AND DAMAGE

The talks agreed a new “Warsaw International Mechanism” to provide expertise, and possibly aid, to help developing nations cope with losses from extreme events related to climate change. The exact form of the mechanism will be reviewed in 2016.

PATH TO A 2015 DEAL

Countries agreed to announce plans for curbs on greenhouse gases beyond 2020 “well in advance” of a summit in Paris in December 2015 and “by the first quarter of 2015 for those in a position to do so”.

It called the submissions “intended nationally determined contributions” – the word “intended” hinting they are open to change. Many developed nations had wanted the word “commitments”.

PRE-2020 AMBITION

The conference did not outline new targets for more near-term action to reduce emissions.Japan announced during the conference it had scaled back its 2020 target, aiming now for a 3.1-percent increase from 1990, compared to its previous promise of a 25-percent cut.

MARKETS

Talks on how to set up new market-based mechanisms to curb emissions failed because developing nations refused to advance the process unless rich countries take on tougher emissions targets. Talks will resume in the first half of next year.

MONITORING

Details were finalised on how countries’ emissions reductions will be monitored, reported and verified.

CLEAN DEVELOPMENT MECHANISM (CDM)

The conference agreed on a measure that could boost demand for the ailing mechanism, encouraging countries without legally binding emissions targets to use carbon credits called Certified Emission Reductions (CERs).

A proposal to implement a floor price for CERs was removed from a technical paper while a wider review of the CDM by a technical board was pushed to talks in Bonn in March 2014.

DEFORESTATION

The conference agreed a multi-billion dollar framework to tackle deforestation. The fledgling Green Climate Fund will play a key role in channelling finance for projects to halt deforestation to host governments, who in turn must set up national agencies to oversee the money.

 

- Advertisment -

Related Articles

Save the Penguins!

“Our results show that if sea ice declines at the rate projected by climate models under current energy system trends and policies, the 3Rs...

The 50th Anniversary of the Genesis Rock

Guest “How about that, geology fans?” by David Middleton 50 Years Ago: Apollo 15 on the Moon at Hadley-Apennine CrewDavid R. Scott, CommanderJames B....

John Kerry Blames President Trump for his Lack of Progress Negotiating Climate Agreements

John Kerry believes President Trump shattered global trust in the USA's climate action commitment. But Kerry claims "more and more" Republicans are starting to...