International Property News

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It looks as my wishes came true as in the last minutes Countries agreed a deal today to push for a new climate treaty, salvaging the latest round of United Nations climate talks from the brink of collapse. After more than two weeks of intense talks, some 190 countries agreed to four main elements — a second commitment period under the Kyoto Protocol, the design of a Green Climate Fund and a mandate to get all countries in 2015 to sign a deal that would force them to cut emissions no later than 2020, as well as a workplan for next year.

UN climate change talks in Durban, South Africa, agreed a package of measures early on Sunday that would eventually force all the world’s polluters to take legally binding action to slow the pace of global changing. The European Union will place its current emission-cutting pledges inside the legally-binding Kyoto Protocol, a key demand of developing countries.

The UK's Climate Change Secretary Chris Huhne hailed the deal, finally struck in the early hours after talks had overrun by a day and a half, as a "significant step forward" which would deliver a global, overarching legal agreement to cut emissions.

And he said it sent a strong signal to businesses and investors about moving to a low carbon economy. But environmental groups said negotiators had failed to show the ambition necessary to cut emissions by levels that would limit global temperature rises to no more than 2C and avoid "dangerous" climate change.



Talks on a new legal deal covering all countries will begin next year and end by 2015, coming into effect by 2020. Also the management of a fund for climate aid to poor countries has also been agreed, though how to raise the money has not.

Talks ran nearly 36 hours beyond their scheduled close, with many delegates saying the host government lacked urgency and strategy. during the last two days, I have seen very tiered eyes on TV. Good news was that, there was applause in the main conference hall when South Africa's International Relations Minister, Maite Nkoana-Mashabane, brought down the long-awaited final gavel.

The roadmap proposal originated with the EU, the Alliance of Small Island States (Aosis) and the Least Developed Countries bloc (LDCs). They argued that only a new legal agreement eventually covering emissions from all countries - particularly fast-growing major emitters such as China - could keep the rise in global average temperatures since pre-industrial times below 2C (35.6F), the internationally-agreed threshold.

"If there is no legal instrument by which we can make countries responsible for their actions, then we are relegating countries to the fancies of beautiful words," said Karl Hood, Grenada's Foreign Minister, speaking for Aosis.

"But by forcing countries for the first time to admit that their current policies are inadequate and must be strengthened by 2015, it has snatched 2C from the jaws of impossibility.

"At the same time it has re-established the principle that climate change should be tackled through international law, not national, voluntarism."

 



 

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t looks as my wishes came true as in the last minutes Countries agreed a deal today to push for a new climate treaty, salvaging the latest round of United Nations climate talks from the brink of collapse. After more than two weeks of intense talks, some 190 countries agreed to four main elements.

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