With 197 Parties, the United Nations Framework Convention on Climate Change (UNFCCC) has near universal membership and is the parent treaty of the 2015 Paris Climate Change Agreement. The main aim of the Paris Agreement is to keep a global average temperature rise this century well below 2 degrees Celsius and to drive efforts to limit the temperature increase even further to 1.5 degrees Celsius above pre-industrial levels. The UNFCCC is also the parent treaty of the 1997 Kyoto Protocol. The ultimate objective of all agreements under the UNFCCC is to stabilize greenhouse gas concentrations in the atmosphere at a level that will prevent dangerous human interference with the climate system, in a time frame which allows ecosystems to adapt naturally and enables sustainable development.
The President of COP24, Mr. Michal Kurtyka of Poland, said: “All nations have worked tirelessly. All nations showed their commitment. All nations can leave Katowice with a sense of pride, knowing that their efforts have paid off. The guidelines contained in the Katowice Climate Package provide the basis for implementing the agreement as of 2020”.
The Katowice package includes guidelines that will operationalize the transparency framework. It sets out how countries will provide information about their Nationally Determined Contributions (NDCs) that describe their domestic climate actions. This information includes mitigation and adaptation measures as well as details of financial support for climate action in developing countries.
The package also includes guidelines that relate to:
· The process for establishing new targets on finance from 2025 onwards to follow-on from the current target of mobilizing USD 100 billion per year from 2020 to support developing countries
· How to conduct the Global Stocktake of the effectiveness of climate action in 2023
· How to assess progress on the development and transfer of technology
The UN’s Climate Chief, Ms. Patricia Espinosa said: “This is an excellent achievement! The multilateral system has delivered a solid result. This is a roadmap for the international community to decisively address climate change”.
“The guidelines that delegations have been working on day and night are balanced and clearly reflect how responsibilities are distributed amongst the world’s nations”, she said.
“They incorporate the fact that countries have different capabilities and economic and social realities at home while providing the foundation for ever increasing ambition”, she added.
The agreed guidelines mean that countries can now establish the national systems that are needed for implementing the Paris Agreement as of 2020. The same will be done at the international level.
Functioning together, these systems will ensure that nations can act in an atmosphere of trust and assess the progress of their climate actions.
“While some details will need to be finalized and improved over time, the system is to the largest part place”, Ms. Espinosa said.
The main issues still to be resolved concern the use of cooperative approaches, as well as the sustainable development mechanism, as contained in the Paris Agreement’s article 6. These would allow countries to meet a part of their domestic mitigation goals through the use of so-called “market mechanisms”.
Market mechanisms provide flexible instruments for reducing the costs of cutting emissions, such as carbon markets.
Here, the Paris Agreement recognizes the need for global rules to safeguard the integrity of all countries’ efforts. These global rules are important to ensure that each tonne of emissions released into the atmosphere is accounted for.
In this way, progress towards the emission limitation goals of the Paris Agreement can be accurately measured. “From the beginning of the COP, it very quickly became clear that this was one area that still required much work and that the details to operationalize this part of the Paris Agreement had not yet been sufficiently explored”, explained Ms. Espinosa.
“After many rich exchanges and constructive discussions, the greatest majority of countries were willing to agree and include the guidelines to operationalize the market mechanisms in the overall package”, she said. “Unfortunately, in the end, the differences could not be overcome”.
Because of this, countries have agreed to finalize the details for market mechanisms in the coming year in view of adopting them at the next UN Climate Change Conference (COP25).
Originally posted on ThisDay.