“The key message to business is that the outlook remains deeply uncertain.“
Juan Costa Climent
Global leader, Climate Change and Sustainability Services, EY
Progress on a climate change deal has been achingly slow.
The agreement reached in Durban last year may have rescued the negotiations, but it is little more than an agreement to carry on talking about a deal.
Governments have said that they will reach a comprehensive deal by 2015 and then bring it into effect from 2020. That may be the aspiration, but the circumstances surrounding negotiations over the next few years are looking tougher than ever.
However, the conference produced some smaller agreements, such as Reducing Emissions from Deforestation and Forest Degradation (REDD+) and Nationally Appropriate Mitigation Actions (NAMAs).
What was agreed to at Durban?
- Countries will reach a worldwide legal agreement on climate change no later than 2015 and bring it into effect by 2020.
- There will be a second commitment period of the Kyoto Protocol running from 2013, up until possibly 2020.
- They will improve the framework for reporting and verifying emissions reductions.
- There will be full implementation of a package agreed in Cancun to support developing nations in their efforts to tackle climate change.
Learn further about next steps post-Durban across the following topics:
- More inaction on climate change?
- Preparing for life after Durban
- What does this mean for business?