\nManaging Editor<\/p>\n
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Years of lengthy discussions that led to two weeks of intense negotiations in the Paris suburb of Le Bourget has finally produced a final draft that when ratified would become an international climate pact to come into effect in 2020.<\/span><\/strong><\/p>\n The Paris Agreement is seen as the much-needed push that finally gets the wheels of climate action turning in the world\u2019s fight against unmanaged climate change. Presenting the final draft, French Foreign Minister Laurent Fabius called it a \u201chistoric moment and a turning point\u201d in the global challenge to address climate change.<\/p>\n Saying that it is a \u201cfair, ambitious and balanced agreement\u201d, the foreign-minister added it would limit global warming to well below 2\u00baC. Noting that the deal would also mean mobilizing a minimum of US$100 billion a year from 2020 to help the developing world cope with global warming, Mr. Fabius added, \u201cMore importantly, a new figure for the financing would be set by 2025. The minister also clarified that the overall agreement would be \u201clegally binding\u201d, and that it would be reviewed every five years.<\/p>\n The draft deal which has now been submitted to the ministerial committee for approval calls on countries to hold the increase in the global average temperature to well below 2\u00b0C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 \u00b0C with the aim of reducing the risks and impacts of climate change.<\/p>\n It urges nations to increase the ability to adapt to the adverse impacts of climate change and foster climate resilience low greenhouse gas emissions development, in a manner that does not threaten food production and making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. It calls on countries to prepare, communicate and maintain successive nationally determined contributions that it intends to achieve every five years, reflecting its highest possible ambition, which will be recorded in a public registry maintained by the UNFCCC secretariat.<\/p>\n The agreement notes that in communicating their nationally determined contributions, all Parties shall provide the information necessary for clarity, transparency and understanding and be informed by the outcomes of the global stock-take. In his remarks on the final-day of the talks, UN Secretary-General Ban Ki-moon urged world envoy\u2019s to approve the pact. \u201cThe time has come to acknowledge that national interests are best served by acting in the global interest,\u201d he said. He added, \u201cThe end is in sight. Let\u2019s now finish the job. The world is watching. Billions of people depend on your wisdom.\u201d \u201cI have talked to world leaders, and engaged with the private sector, civil society and vulnerable groups,\u201d said the Secretary-General, adding, \u201cThe issues are many and complex. But we must not let the quest for perfection become the enemy of the public good.\u201d He called on developed countries to provide financial resources for mitigation and adaptation, and to embark decisively on a low-emissions pathway.<\/p>\n He also asked all developing nations to play an increasingly active role, according to their capacities. Another major stumbling block was \u2018transparency\u2019 \u2014 with richer countries wanting a single system of measuring, reporting and verifying the commitments countries make as part of this agreement. It is said to be crucial to the US, which wants to ensure that China is subject to the same sort of oversight as it is. China and India are not keen on this type of oversight. US President Barack Obama spoke to his Chinese counterpart Xi Jinping by phone on Friday, with both leaders saying they were committed to an \u201cambitious\u201d deal. \u201cBoth leaders agreed that the Paris conference presents a crucial opportunity to galvanize global efforts to meet the climate change challenge,\u201d a White House statement said.<\/p>\n In the lead up to the conclusion of COP21, the UN climate chief Christiana Figueres had called for a final push to meet the funding goals for the Adaptation Fund, which assists vulnerable communities in developing countries adapt to climate change. Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change, said: \u201cI would like to thank all those who have prior to and at COP21 pledged financial support to the Adaptation Fund. I would call on others to come forward with the final support needed in order to register yet another success here in Paris towards the overall goal of a low emission, resilient world.\u201d<\/p>\n By Reaven D’Souza Managing Editor Years of lengthy discussions that led to two weeks of intense negotiations in the Paris suburb of Le Bourget has finally produced a final draft that when ratified would become an international climate pact to come into effect in 2020. The Paris Agreement is seen as the much-needed push that […]<\/p>\n","protected":false},"author":1,"featured_media":64731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-64729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n
\nThe draft agreement also notes that it will be implemented to reflect equity and the principle of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances, a key demand by many developing countries.<\/p>\n
\nEnvironmental groups praised that provision, which is seen by many as the core of the document, since it would create a permanent system for reducing emissions over coming decades. It represents a crucial compromise, since many developing nations had pushed for a longer, 10-year cycle.<\/p>\n
\nHe went on to note that over the past nine years he had travelled to the climate front-lines and raised awareness of the dangers of a warming world and the immense opportunities of a clean-energy, climate resilient future.<\/p>\n
\nAmong the disagreements that dragged the talks to Saturday were the question of \u2018differentiation\u2019 \u2014 different demands on different countries, depending on their wealth and level of development.<\/p>\n![\"\"](\"http:\/\/192.163.207.100\/~timesku1\/news\/wp-content\/uploads\/2021\/01\/paris2.jpg\")
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\nOne positive note came with the announcement that Brazil was willing to join the so-called \u201chigh-ambition coalition\u201d of countries, including the EU, the US and 79 countries. The alliance said it would push for an ambitious and legally binding deal with a strong review mechanism.<\/p>\n
\nThe Adaptation Fund has received new pledges for 2015 amounting to almost $75 million, including from Germany, Sweden, Italy, and the Walloon Region of Belgium, very close to the $80 million a year target for 2014-15 which was set about two years ago.<\/p>\n
\nAcademics, non-governmental organizations and<\/span>
\nenvironmental groups welcome Paris Agreement<\/span><\/h3>\n\n
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