COP17 final outcome

The early hours of Sunday 11 December finally saw 194 countries, including the US and China, agree to an “outcome with legal force” to reduce carbon emissions by 2015, to take effect in 2020.

Here, a summary of the results by BusinessLive:

  • A plan to capitalise the Green Climate Fund, which will provide US$100 billion a year for green projects in developing countries, starting in 2020. Some details must be worked out at COP18 in Qatar next year, but US$30 billion in “fast track” funding should arrive by 2013.
  • An agreement for the transfer of green technology knowledge to developing countries.
  • A second commitment period for the Kyoto Protocol. Russia, Japan and Canada are notably absent, but the EU, New Zealand and Australia are still in. The EU threatened not to recommit unless its “road map” for all nations, including top-polluter China, to adopt a legally binding agreement by 2020 was passed.
  • While the road map didn’t go through, something close to it did. In the end, the words “legally binding” have been swapped out for “agreed outcome with legal force for all.”
The below video also provides a useful overview of the outcomes and includes clips of the COP17/CMP7 President and Minister of International Relations and Cooperation of South Africa, Maite Nkoana-Mashabane, Marcin Korolec, undersecretary of state in Poland’s economy ministry, Tosi Mpanu-Mpanu, chairman of the Africa Group and Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).

An article in the DailyNews made a valid point: “A climate accord demands sacrifice from countries. It asks them to put common interest above national interest, a concept alien to governments which promise economic stability and prosperity to their electorates, not people across the world.

COP17 showed again that carbon emissions remain the backbone of wealth to many countries. Hence the painfully slow progress.”

What changes are you prepared to make to your lifestyle in Cape Town, what actions do you expect your local government to take? Tell us your ideas on our participate page.

Image courtesy AFP photo.

2 Responses to “COP17 final outcome”

  1. Marina says:

    I intend using public transport more in 2012. The City of Cape Town should dramatically increase spending on public transport to make it more user-friendly and to access more areas. Being able to take your bike on a bus or a train would help a lot!

  2. nomakhaya says:

    I trully agree with people who say that other countries are afraid to commit because there is money involved and that still remains the problem but I believe that Obama will be able to conquer that fear

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