Saturday, December 19, 2009

Copenhagen 2009: Draft Text and Summary of the Climate Change Accord

Click here to read the draft text and appendices of the "Copenhagen Accord" president Obama announced at the United Nations Climate Change Conference in Copenhagen.

Here's the summary:
  • Climate change is the greatest challenge of our lifetimes.

  • Countries will enhance their cooperation to combat climate change and keep global temperatures from rising more than 2° C.

  • Developed countries will provide "adequate, predictable and sustainable financial resources, technology and capacity-building to support the implementation of adaptation action in developing countries."

  • The so-called Annex I countries committed to individual emissions targets that they would meet by 2020.

  • Non-Annex I countries pledged to implement their own mitigation actions. They will communicate these actions every 2 years.

  • Programs such as REDD-plus will provide financial incentives from developed nations to prevent deforestation and forest degradation.

  • Developed countries will pay $30 billion between 2010 and 2012, with a goal of reaching $100 billion by 2020, to fund mitigation and adaptation efforts in developing nations. This amount includes REDD incentives.

  • A High Level Panel will study how the money is being sourced.

  • A Copenhagen Green Climate Fund will take care of transferring funds between parties, and a Technology Mechanism will "accelerate technology development and transfer."

  • Finally, the accord asks that its implementation be assessed by 2015. Nothing legally binds anyone to do anything.
Is this the start of something big? Or simply a lot of hot air? Time will tell.

Oh, by the way: the a in Copenhagen is not pronounced aa but ay.

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