Saturday, December 12, 2015

Climate Change summit of COP21 reaches deal in Paris

A deal to attempt to limit the rise in global temperatures to less than 2C has been agreed at the Climate Change Summit in Paris after two weeks of negotiations.
The pact is the first to commit all countries to cut carbon emissions.
The agreement is partly legally binding and partly voluntary.
Key blocs, including the G77 group of developing countries, and nations such as China and India earlier said they supported the proposals.
President of the UN Climate Conference of Parties (COP) and French Foreign Minister Laurent Fabius said: "I now invite the COP to adopt the decision entitled Paris Agreement outlined in the document.
"Looking out to the room I see that the reaction is positive, I see no objections. The Paris agreement is adopted."
As he struck the gavel to signal the adoption of the deal, delegates rose to their feet cheering and applauding.
Nearly 200 countries have been attempting to strike the first climate deal to commit all countries to cut emissions, which would come into being in 2020.
Highpoint:
The measures in the agreement included:
• To peak greenhouse gas emissions as soon as possible and achieve a balance between sources and sinks of greenhouse gases in the second half of this century
• To keep global temperature increase "well below" 2C (3.6F) and to pursue efforts to limit it to 1.5C
• To review progress every five years
• $100 billion a year in climate finance for developing countries by 2020, with a commitment to further finance in the future.

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