Ministers and diplomats gathered in Warsaw reached a series of agreements on the next phase of international climate action late last Saturday (23rd). The talks over-ran, a last-minute compromise was brokered, and both developed and developing countries were left angry and frustrated at the ongoing divisions between some rich and poor nations. However, the Warsaw Summit did deliver some significant new developments.
- A timetable was agreed for the next two years of talks running through to the Paris Summit in 2015. It was initially proposed that all countries should come to next year’s summit in Peru with “contributions” to climate action and emissions reductions they plan to deliver from 2020.
- Ministers agreed to the formation of a new mechanism, the “Warsaw International Mechanism” for loss and damage caused by climate change, which will act as a standalone initiative. However, although perhaps this could be considered a major victory for developing nations, there is scant detail as to how the new mechanism will work or how it will be funded.
- 48 of the world’s Least Developed Countries have submitted detailed climate adaptation plans. These provide crucial information on where climate resilience measures are urgently needed and should help the UN and other institutions better identify where to direct climate adaptation funding. The plans also indicate that progress is being made on so-called “capacity-building” – ensuring developing countries have the institutions and policies needed to support effective climate adaptation projects.
For further details see Business Green article: http://www.businessgreen.com/bg/analysis/2309060/warsaw-climate-deal-at-a-glance