News And Updates
Conference of the Parties approves the Cancun Accords |
The 16th gathering of United Nations Climate Change Conference (COP16) within the scope of United Nations Framework Convention on Climate Change (UNFCCC) was held in Cancun, Mexico from November, 29 to December, 10. Delegates from 194 countries attended the conference. An accord, mainly developed by Mexican efforts, was adopted at the end of the conference. The non-binding accord was accepted by every country in spite of Bolivia's objections.
The most positive outcome of the conference is that UN has taken back its credibility in the field of Climate Change Talks. After the disaster in Copenhagen last year, there were severe concerns that the UN process in Climate Change might come to an unpleasant end.
The most tangible outcome is that the accords include a $30 billion-package for 2012 to aid nations taking immediate actions to halt effects of global warming, as well as financing for long-term projects to protect the environment through a Green Fund, which will provide $100 million annually for adaptation and mitigation measures.
Delegates also approved the creation of the forestry program Reducing Emissions from Deforestation and Forest Degradation (REDD+) to facilitate the flow of resources to communities dedicated to forest conservation.
Despite all the process obtained in the conference, the accord is not a binding agreement and a binding treaty for post-Kyoto process (Kyoto expires in 2012) is desperately needed and yet to be achieved in COP17.
For further information, please visit: http://www.cc2010.mx/en/