💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Nations pledge climate action, obstacles remain to summit - France

Published 28/11/2015, 18:42
© Reuters. An information board about climate change is seen on a bridge near the Eiffel Tower ahead of the World Climate Conference 2015 (COP21), in Paris

By Alister Doyle

PARIS (Reuters) - Almost all governments have outlined plans for fighting global warming beyond 2020 in a positive sign for resolving a string of obstacles at a U.N. climate summit starting on Monday, French Foreign Minister Laurent Fabius said on Saturday.

So far this year, 183 of 195 nations have issued long-term plans for tackling climate change, meant as building blocks for a Paris accord, with a flurry of more than a dozen in the past week including from South Sudan, Kuwait, Yemen and Cuba.

"This is radically new," Fabius told a news conference of the almost universal involvement, including by countries such as Cuba which was among a handful that blocked a global deal at the last, failed, summit in Copenhagen in 2009.

Governments hope the summit will end in a deal that marks a turning point away from rising dependence on fossil fuels since the Industrial Revolution, shifting towards cleaner energies such as wind or solar power.

The national plans, including a Chinese commitment made in June to peak its rising carbon dioxide emissions by 2030, cover about 95 percent of world emissions, the United Nations said.

Before this year, plans for action have been dominated by developed nations in the 1997 Kyoto Protocol.

Fabius said the high number of submissions was encouraging before the summit, to be attended by about 140 world leaders including U.S. President Barack Obama and Chinese President Xi Jinping.

German Chancellor Angela Merkel, leader of Europe's largest economy, welcomed the Chinese commitment.

But she said the overall proposed targets for reduction were not enough to limit rising temperatures to a U.N. goal of 2 degrees Celsius (3.6 Fahrenheit) to avert more floods, extinctions of animals and plants and rising sea levels.

"That means we need a follow up process and that, in my view, must be binding," she said.

A train carrying Germany's environment minister to the Paris talks was held up for two hours by protesters who chained themselves to the railway tracks at Frankfurt station on Saturday, a police spokesman said.

In France, Interior Minister Bernard Cazeneuve said authorities had put 24 green activists under house arrest ahead of the climate talks, using emergency laws put in place following the Paris shootings.

HURDLES REMAIN

Fabius said there were still many hurdles to a deal at the Nov. 30-Dec. 11 conference, ranging from climate finance to developing nations beyond an agreed goal of $100 billion a year by 2020 or how to set a long-term goal to shift away from fossil fuels this century.

"You have positive elements and others that need to be resolved," Fabius said after handing the keys of the sprawling Le Bourget conference centre to Christiana Figueres, head of the U.N. Climate Change Secretariat.

The summit will be held in tight security after the attacks in Paris by Islamic State two weeks ago that killed 130 people. Even on Saturday, searches and identity checks were more thorough than usual at U.N. climate conferences.

© Reuters. An information board about climate change is seen on a bridge near the Eiffel Tower ahead of the World Climate Conference 2015 (COP21), in Paris

Current plans would put the world on track for a warming of anywhere from about 2.7C to 3.5C (4.9F to 6.3F) by 2100.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.