This was the first Climate Agreement which
endorsed the 2ºC warming limit as the benchmark for global progress on climate
change. The Accord additionally included:
-
An agreement that all countries
need to take action on climate change and the provision of immediate and longer
term financial help to those countries most at risk of climate change.
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List of what each country is
doing to tackle climate change including economy-wide commitments to cut
emissions by developed countries most at risk of climate change.
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The introduction of real
scrutiny and transparency to ensure emission targets are put into effect, with
mandatory reporting every two years for developing countries.
-
Under Copenhagen Green Climate Fund , a provision of $30
billion of immediate short term funding
form developed countries over the following three years to kick start emission
reduction measures and help the poorest countries adapt to impacts of climate
change , and
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Commitment by developed
countries to work to provide long term financing of $100 billion a year by
2020.
The Copenhagen Agreement could not
formulate a legally binding ‘instrument, which was the intention of many
developed countries. Developed countries still want a legally binding and so verifiable
agreement so as to include emerging economies in global GHG reduction measures.
The Copenhagen Summit set a commitment to limit global warming to two degrees.
But many people
fighting climate change were disappointed because it failed to
spell out specific targets that will enable the world to hold down
temperatures. Developed countries wanted commitments on carbon emission
reductions made by countries like India and China to be subject to
international scrutiny.
But developing countries, led by BASIC
group insisted that these pledges remain voluntary. Developing countries held
that cutting carbon emissions will hamper their economic growth. So at present
rich countries should take lead for reducing emissions.
Thus final accord safeguarded the rights of
development of developing countries. Mitigation actions of the developing
countries will be subject to domestic measurement, domestic reporting and
domestic verification as per their internal procedures.
But in the Summit, India pledged to cut its
emission intensity by 20-25% on the same 2005 baseline. But these commitments
are voluntary and not legally binding. Emission intensity or carbon intensity
is the measure of emissions relative to economic output produced. In simple
words it means amount of carbon dioxide emitted per unit of economic growth.
Because of emission intensity reduction
commitment by India; even as India’s GDP grows in the coming years, its
emissions shall increase in absolute quantity but the growth rate of emissions
will be moderated as reflected in declining carbon intensity of GDP.
In fact India’s emission intensity has
declined by 17.6% between 1990 and 2005 while its energy intensity has been
decreasing since 1980s and is already in the same range as that of the least
energy intensive countries in the world. According to Government of India, it
is estimated that India’s per capita emissions in the year 2031 will be lower
than the per capita emission of GHG in the year 2005.
In percentage terms India at 5.3% is the
world’s third largest contributor to G?HG emissions after China (19.5%), USA
(19.2%) , Russia , Japan and Germany contribute 5.1%, 3.6% and 2.6%
respectively to the total GHG emissions in the world.
Cancun Summit- COP-16
Cancun Summit is significant as it put
pledges on emissions reduction by rich countries into formal documentation.
Many rich countries made pledges or commitments in Copenhagen Summit to cut
their GHG emissions so as to achieve global peaking of temperatures by 2020;
but these commitments were not incorporated the official UN process. Cancun did
that the Green Climate Fund and Long Term Financing were again given
endorsement as also Technology Transfer and Adaptation Mechanisms.
Formal Backing was given for
UN’s Deforestation Scheme, REDD+ (Reducing Emissions from Deforestation and Degradation plus), under which rich countries pay poorer nations not to chop down forests and so lock away carbon emissions. But Again the details were not prescribed on schemes like when and exactly what form scheme will take , whether developing countries will be able to use it to ‘ offset’ their emissions rather than make cuts at home.
UN’s Deforestation Scheme, REDD+ (Reducing Emissions from Deforestation and Degradation plus), under which rich countries pay poorer nations not to chop down forests and so lock away carbon emissions. But Again the details were not prescribed on schemes like when and exactly what form scheme will take , whether developing countries will be able to use it to ‘ offset’ their emissions rather than make cuts at home.
Another important feature was that
developing countries including India agreed, in principle to the idea of International Consultation and Analysis
(ICA), a global system of monitoring domestic actions on emission
reduction. But developing countries and India oppose the ICA saying it would
allow developed nations to send inspectors or ask for records, to check
compliance. The developed countries led by USA took stand that they would not
negotiate other issues such as on technology and adaptation unless ICA
mechanism is formally agreed.
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