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Summary of decisions from Durban climate conference

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Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC.

Climate 294
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.

Climate 236
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Perspective: The UN Approval Process for Carbon Offsets

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Moreover, developers must show that the project would make no economic sense without CDM funds and that documentation exists to demonstrate that these factors were considered by the company’s board of directors in their decision to pursue CDM financing.

Carbon 255
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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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This article discusses: (a) why the focus should have been on the transfer of proven renewable energy technology from developed to developing countries; and (b) how this technology transfer can be financed with currently available funds. But starting to raise immediate finance is more important than determining its exact future size.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Auction revenues may be used for the public good by allocating the allowance value to: households as dividends; financing investments and other public expenditures; and. nationals and legal residents. Financing Investments and Other Public Expenditures. Information from the auction to be revealed to the public.

Gas 244