Bonn Agreement Climate Change

Unlike this direct bilateral trade, Article 6.4 — which is intended to replace the CDM — provides for a mechanism that is regulated by a new separate body. Finally, there is Article 6.8 which covers the non-market-based mechanisms that will have to be defined in the coming years. Recalling his “pioneering legislation and policy”, the UN chief on Thursday hailed the 27-member European Union (EU) as a “pioneer in the fight against climate change”, which showed that it was possible to […] Success in these complex areas at the next COP will depend in part on the Chilean Presidency`s ability to give a clear vision of COP25. Given that two more IPCC reports – on land use and the cryosphere – are expected in the coming months, pressure will also be exerted on support nations and the presidency to be better received than the 1.5C report and to be included in the formal UN climate processes. While the IPCC report itself proposed no policy change, it made it clear that emissions would have to be cut by 45% by 2030 to keep global warming below 1.5°C, a goal needed to avoid many of its worst effects. Such a comprehensive effort would require an unprecedented transition from fossil fuels…