Climate deal struck after marathon talks; Indias concerns met By PTI | 14 Dec, 2014, The Lima deal lays out a wide range of options for a global deal to be reached in Paris, due in December 2015, and also lays out how each nation. The Lima deal lays out a wide range of options for a global deal to be reached in Paris, due in December 2015, and also lays out how each nation. ET SPECIAL: Save precious time tracking your investments LIMA: Negotiators today adopted a compromise draft for national pledges to cut global carbon emissions at marathon UN climate talks here that addressed all of Indias concerns and paved way for a new ambitious and binding deal to be signed in Paris next year to combat climate change. The document is approved, announced President of the United Nations climate talks meeting Manuel Pulgar-Vidal, who is also the Environment Minister of Peru, after hectic negotiations by officials from 194 countries for about two weeks in the Peruvian capital here. I think this is good, and I think this moves us forward, Pulgar-Vidal said. Commenting on the draft, Environment Minister Prakash Javadekar said, all of Indias concerns have been addressed. We have achieved targets and we got what we wanted, he said after the delegates approved a broad blueprint for talks leading up to a deal in 2015, to take effect in 2020. He also remained positive about meetings over the next year and in Paris, saying we can build on this [Lima text] and build consensus. The adoption of the draft at the meeting which went into two extra days was seen as a significant first step towards reaching a global climate change deal in Paris - although delegates feel much of the hard work remained ahead. The deal -- dubbed the Lima Call for Climate Action -- paves the way for what is envisioned as the historic agreement in environmental history. The agreement was adopted hours after a previous draft was rejected by developing countries, which accused rich nations of shirking their responsibilities to fight global warming and pay for its impacts. The final draft is said to have alleviated those concerns by saying countries have common but differentiated responsibilities. There was a great sense of relief among delegates when the announcement came in the early hours of Sunday morning, as the 12-day meeting had already overrun by two days. But environmental groups criticised the deal as a weak and ineffectual compromise, saying it weakens international climate rules. The talks proved difficult because of divisions between rich and poor countries over how to spread the burden of pledges to cut carbon emissions. The draft mentioned only that all pledges would be reviewed a month ahead of December 2015 Paris summit to assess their combined effect on climate change. UN Framework Convention on Climate Change Executive Secretary Christiana Figueres told reporters that the approved text is a sign of progression on closing the gaps between three key elements: science, policy response and action. Figueres also praised the new pledges to the Green Climate Fund, set up to assist developing countries deal with the effects of climate change, to approximately USD 10 billion. We must...we can...and we will address climate change, she said. Earlier, Pulgar-Vidal, who had spent entire day meeting separately with delegations, presented the new draft just before midnight, saying as a text its not perfect, but it includes the positions of the parties. The negotiators were given an hour to review the revised draft text. The revised draft has added a line in the preamble regarding loss and damages provisions which many small island developing states had requested. The main plenary was reconvened at 1:30 am local time and Pulgar-Vidal announced that the draft text has been approved. Pulgar-Vidal said at the plenary that the approved text heeds everyones concerns in a balanced way though no clear structure of countries intended nationally determined contributions came out of this round of talks. INDCs are the key to having a balance between the top- down and bottom-up process that takes place at UN climate talks, said Vidal. Climate deal struck after marathon talks; Indias concerns met By PTI | 14 Dec, 2014, 02.45PM IST Post a Comment READ MORE ON » united nations | U.N. Climate Change Secretariat | settlement option | Prakash Javedekar | net worth | Miguel | Lima Intraday Tip for Tomorrow live-market-tips/Tomorrow - Know which Intraday Tip we give Tomorrow, only Profitable tips Ads by Google The Lima deal lays out a wide range of options for a global deal to be reached in Paris, due in December 2015, and also lays out how each nation. The Lima deal lays out a wide range of options for a global deal to be reached in Paris, due in December 2015, and also lays out how each nation. ET SPECIAL: Save precious time tracking your investments It does outline that all INDCs should contain all of the following elements: mitigation, adaptation, finance, technology transfer and development...capacity-building, and transparency. The new date for submission of these INDCs has been moved from June 2015 to October 2015 as many countries had asked for more time. Noting that differentiation was key, Javadekar said India was satisfied that a paragraph containing that information was included in the approved text. He acknowledged that the text does not satisfy everyone but said it was a good building block for a comprehensive Paris 2015 agreement. The ADP session will continue from February 8, 2015 in Geneva to continue the negotiating process in a series of meetings throughout the year leading up to Paris. BBC quoted Sam Smith, chief of climate policy for the environmental group WWF, as saying that, The text went from weak to weaker to weakest and its very weak indeed. The talks followed an agreement between the US and China on emissions targets, but hopes soon faded after delegates began the talks in Lima on December 1 that it would encourage wider global agreement. On Saturday, US climate envoy Todd Stern had warned that the deadlock in the negotiations threatened the chances of a new global deal next year. Failing to produce the decision before us will be seen as a major breakdown, and will deal a serious blow to the confidence of the parties and others as we approach Paris. And indeed to the hope of a Paris agreement, he had said.
Posted on: Sun, 14 Dec 2014 12:30:58 +0000
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