Bonn, Nov 18: Amidst the shadow of the US decision to pull out of the Paris Climate Change Agreement, nearly 200 tions on Saturday pledged to launch a process next year to start reviewing existing plans to limit greenhouse gas emissions.
Nearly 200 tions pledge to review plans to limit emissions
Stepping up climate risk insurance, Germany pledged additiol $125 million to support provision of insurance to 400 more million poor and vulnerable people by 2020 in addition to the climate adaptation fund Germany’s further contribution of 50 million euros. The common message from all sides at this conference has been that action to get on track towards the objectives of the Paris Agreement and to ultimately achieve the 2030 Sustaible Development Goals is urgent, the United tions Framework Convention on Climate Change (UNFCCC) Secretariat said on Saturday.
Pledging to continue with its commitments to minimise emissions, it said: “Time is really running out and everyone simply must do much better together to drive climate action further and faster ahead now.” “Above all, this means rapidly raising the current global ambition to act on climate change that is captured in the full set of tiol climate action plans (NDCs) which sit at the heart of the Agreement.”
The two-week negotiations were aimed to take a number of decisions necessary to bring the 2015 Paris Agreement to life, including meaningful progress on the agreement to implement guidelines to keep global warming within 1.5 degrees celsius with an aim to cut greenhouse gases from burning fossil fuels. Environmental groups told IANS the talks missed many prominent issues like fincial support for developing tions for cutting emissions and climate adaptation.
Germany and Britain will provide a combined $153 million to expand programmess to fight climate change and deforestation in the Amazon rainforest. The European Investment Bank also announced $75 million for a new $405 million investment programme by the Water Authority of Fiji. At Bonn, India reiterated provisions for fince — both for adaptation and mitigation, technology transfer for climate actions from the developed tions. A day after a major victory for India and developing countries on climate action before 2020 that the developed world agreed to discuss in subsequent two years, India’s Minister of Environment, Forest and Climate Change Harsh Vardhan has said provisions for fince, technology transfer and capacity building support to developing tions are critical. Stressing that this Conference of Parties (COP23) is crucial as it would set the stage for the 2018 Facilitative Dialogue, accelerate pre-2020 action and firm up the modalities for implementing the 2015 Paris Agreement, he said India has undertaken ambitious mitigation and adaptation action. (IANS)