The Copenhagen Accord was reached at the end of two weeks of
rigorous debates regarding multilateral CO2 reduction levels, funding
for developing countries and strategies to reduce deforestation. Ban
Ki-Moon, the Secretary-General of the UN, stated that it was a very
important first step echoing the views of President Obama, who man-
aged to broker an agreement that included China at the end of the
conference. Many environmentalists argue that the Accord does
not go far enough, is not legally binding and does not address the scientific communi-
ties concern that current CO2 reduction goals will not be enough.The Accord provides
several key measures. First, it recognizes the need to limit rising global temperatures
no more than 2C above pre-industrial levels. Secondly, it establishes a global funding
mechanism for developed countries by 2020, to jointly mobilize $100 billion annually to
address the needs of developing countries. Finally, the Accord establishes a verification
reporting system for monitoring carbon reduction efforts of industrialized nations. The
UN plans to create an international treaty in 2010 that moves the Copenhagen Accord
from an agreement to a legally binding commitment. The next climate summit is
scheduled for Mexico City in 2010.
Copenhagen Climate Change Conference – Reprinted from Sustainnovation Consulting December 2009 Newsletter
The Copenhagen Accord was reached at the end of two weeks of
rigorous debates regarding multilateral CO2 reduction levels, funding
for developing countries and strategies to reduce deforestation.
