http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.21Change: 0.00
R/$ = 11.59Change: -0.03
Au 1196.94 $/ozChange: 0.02
Pt 1199.50 $/ozChange: 2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 12, 2011

COP 17 breathes life into climate fund, sets agenda for future treaty

Back
Cancun|DURBAN|Africa|COP 17|Projects|Resources|UNFCCC|Africa|Canada|Japan|Mexico|Russia|South Africa|United States|COP|USD|Clean Energy Futures|Climate Change Finance Going|Climate Finance|Energy|Long-term Finance|Technology Mechanism|Environmental|Ban Ki-moon|Christiana Figueres|Jim Leape|Maite Nkoana-Mashabane|Samantha Smith|Hoc
|Africa|Projects|Resources||Africa|||Energy||Environmental||
cancun|durban|africa-company|cop-17-company|projects|resources|unfccc|africa|canada|japan|mexico|russia|south-africa|united-states|cop-currency|usd|clean-energy-futures|climate-change-finance-going|climate-finance|energy|longterm-finance|technology-mechanism|environmental|ban-kimoon|christiana-figueres|jim-leape|maite-nkoanamashabane|samantha-smith|hoc
© Reuse this



‎The two-week-long seventeenth Conference of the Parties (COP 17) came to an end in Durban this weekend with a fund launched to help poor nations fight climate change, countries agreeing to negotiate a legally binding deal on emissions reductions by 2015 to take effect by 2020, and the Kyoto Protocol extended.

The ‘Durban Platform’ would result in the full implementation of the package to support developing nations, agreed last year in Cancun, Mexico. Particularly key, is the $100-billion a year Green Climate Fund, which would become fully operational in 2012.

Countries have already started to pledge toward start-up costs of the fund, said COP 17 president Maite Nkoana-Mashabane, also South Africa’s Minister of International Relations and Cooperation.

This meant that the fund could be made ready in 2012, and at the same time could help developing countries get ready to access the fund.

This, the Minister said would boost developing countries efforts to establish their own clean energy futures and adapt to existing climate change.

A standing committee would monitor the climate finance in the context of the United Nations Framework Convention on Climate Change (UNFCCC) and to assist the COP. It would comprise 20 members, equally representing the developed and developing world.

A focused work programme on long-term finance was also agreed, which would contribute to the scaling up of climate change finance going forward, and analyse options for the mobilisation of resources from a variety of sources.

Other elements of the package included the implementation of an adaptation committee, tasked to improve the coordination of adaptation actions on a global scale, as well as a technology mechanism, also to be fully operational by 2012.

The full terms of reference for the operational arm of the mechanism, the Climate Technology Centre and Network, were agreed to, along with a clear procedure to select the host.

The UNFCCC secretariat would issue a call for proposals for hosts in January.

Governments also agreed a registry to record developing country mitigation actions that seek financial support and to match these with support. The registry aims to be a flexible, dynamic, web-based platform.

Interestingly, under the Kyoto Protocol’s Clean Development Mechanism, governments adopted procedures to allow carbon-capture and storage projects. These guidelines would be reviewed every five years to ensure environmental integrity.

But, while pledging to make progress in a number of areas, governments acknowledged the urgent concern that the current sum of pledges to cut emissions both from developed and developing countries is not high enough to keep the global average temperature rise below 2 oC on preindustrial levels.

LEGAL FRAMEWORK

The climate change talks also resulted in 195 parties agreeing to negotiate an universal legal agreement on climate change by no later than 2015, which will take effect in 2020.

This pledge by developed and developing nations would result in work beginning immediately under an ad hoc working group.

Only 38 industrialised countries agreed a second commitment period of the Kyoto Protocol from January 1, 2013, with the first commitment period coming to an end in December 2012.

Parties to this second period would turn their economy-wide targets into quantified emission limitation or reduction objectives and submit them for review by May 1, 2012.

“This is highly significant because the Kyoto Protocol’s accounting rules, mechanisms and markets all remain in action as effective tools to leverage global climate action and as models to inform future agreements,” said UNFCCC executive secretary Christiana Figueres.

A significantly advanced framework for the reporting of emission reductions for both developed and developing countries was also agreed, taking into consideration the common but differentiated responsibilities of different countries.

But, while a package to assist the developing world has been agreed to, as well as a roadmap to work towards a legally binding agreement, the World Wide Fund for Nature (WWF) described COP 17 as a “failure” by governments.

WWF director-general Jim Leape said that politicians in Durban have shown an “alarming inability to come to grips with the challenge of climate change”.

However, they did concur that a comfort of the Durban negotiations was the emergence of a large coalition of high-ambition countries, led by the most vulnerable nations and small island States, including many in Africa.

“Overall, the responsibility for this failure lies with a handful of entrenched governments, such as the US, Japan, Russia and Canada, who have consistently raised the level of ambition on climate change,” WWF global climate and energy initiative leader Samantha Smith said.

But UN secretary general Ban Ki-moon argued that the decision to launch a protocol or a legal instrument applicable to all parties under the UNFCCC was essential for greater action and for raising the level of ambition and the mobilisation of resources to respond to the challenges of climate change.

He believed that the agreements at COP 17 “represented an important advance in the work of climate change”.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Environment News
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
Construction resources and aggregates company Lafarge Ash Resources aims to have fly ash exempted from the National Waste Management Amendment Bill’s classification as hazardous waste. This exemption will improve the sustainability of construction materials and...
SARUSHEN PILLAY Sasol has proven the viability of composting to remediate its industrial sludges over the course of two years of testing
Petrochemicals giant Sasol’s industrial sludge bioremediation project aims to move into full commercial scale over the next two years to treat 200 000 t/y of industrial sludge. The project uses aerobic composting to convert the sludge from its Bioworks water...
More
 
 
Latest News
China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40-million tonnes below a key industry estimate - an amount equivalent to Germany's entire annual production. Beijing has vowed to...
Lumwana, Zambia
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
More
 
 
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks