A five-page ‘aide-memoire’ published on Tuesday indicates a significant number of countries are in agreement over the structure and goals of the proposed deal, due to be signed off in December.
“The world is no longer one where only some parties are acting. Today, all parties are implementing meaningful measures and policies on both mitigation and adaptation,” reads the review.
“The concept of nationally-determined contributions is a game-changer that will enable universal participation to be fully reflected in the new agreement.”
It suggests there is now widespread support for five-yearly reviews of global greenhouse gas cuts, although countries may only be compelled to increase national targets every decade.
“Collective and long-term ambition is key to assess the success or failure of the Paris agreement, which should proactively and constructively enhance ambition over time for mitigation, adaptation, and means of implementation (finance, technology and capacity building).”But the document underlines the need for “clarity” on how $100 billion of climate finance will flow from rich to poor countries by 2020.
The sum was pledged in 2010 to help developing countries green their economies, but little has materialized so far, which the French and Peruvians admit is affecting progress at negotiations.
“The fulfillment of existing climate finance commitments is of utmost importance to create trust. Contributors must show a clear path towards delivering on the commitment.”
Read more at France Hails ‘Considerable Common Ground’ on UN Climate Plan
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