Reaching an International Agreement on Climate Change
The Stationery Office, 2008 - Business & Economics - 179 pages
The agreement of the Bali roadmap charted a course for negotiations on a successor agreement to the Kyoto Protocol when it expires in 2012. But there remain uncertainties about the pace and eventual outcome of the negotiations. A post-2012 agreement will only be a success if it is guided by the science, which warns that developed countries must reduce emissions by 25-40 per cent by 2020 and 80-95 per cent by 2050. These figures only translate to a 50-50 chance of avoiding dangerous climate change, and the international community should aspire to even greater reductions. Most developing countries are not required to reduce emissions, but will need to commit to certain actions that will limit the growth of and eventually stabilise their emissions. The Committee believes that the targets for developed countries and commitment to actions by developing countries are the minimum that the UK and EU should accept in the negotiations. Diplomacy will be key in helping to reach agreement on the effort required. The Government will have to work closely with developing countries to explore the actions that they might be willing to commit to. The post-2012 agreement can be more flexible and creative than its predecessor in responding to the different needs of different countries. It is clear that substantial developed country financing will be required in order to shift developing countries onto a low-carbon path and also to encourage them to agree to mitigation actions.
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achieve agreed agreement Annex approach aviation avoided deforestation Bali Action Plan Bettelheim billion binding targets biodiversity carbon capture carbon credits carbon leakage carbon market carbon price Chairman challenge Chaytor China Clean Development Mechanism Colin Challen Commission Commissioner Dimas commitment period Committee contraction and convergence costs dangerous climate change developing countries developing world domestic Dr Huq economies emission reductions emissions from deforestation emissions trading Emissions Trading Scheme energy efficiency ensure environmental European Union financing flexible mechanisms forest degradation forestry framework global emissions goal going Government greenhouse gas greenhouse gas emissions Greenpeace impact implementation important India industry investment IPCC issue Jo Swinson Joan Walley Kronick Kyoto Protocol look low-carbon LULUCF measures mitigation monitoring negotiations Phil Woolas political potential Professor Burke programme proposals recognise reduce emissions Report Stern Review sustainable development technology transfer tonne UNFCCC