This week, climate policy headlines from around the world include results from the UN climate talks, Indonesia approving a conservation deal that will protect 200,000 acres of forest, and Norway contributing $180 million to help Brazil slow deforestation.
UN climate talks extend Kyoto Protocol, promise compensation
The summit established for the first time that rich nations should move towards compensating poor nations for losses due to climate change. Developing nations hailed it as a breakthrough, but condemned the gulf between the science of climate change and political attempts to tackle it.
The deal, agreed by nearly 200 nations, extends to 2020 the Kyoto Protocol. It is the only legally-binding plan for combating global warming. The deal covers Europe and Australia, whose share of world greenhouse gas emissions is less than 15%.
But the conference also cleared the way for the Kyoto protocol to be replaced by a new treaty binding all rich and poor nations together by 2015 to tackle climate change. The final text “encourages” rich nations to mobilize at least $10bn (£6bn) a year up to 2020, when the new global climate agreement is due to kick in. Full article.