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Summary of decisions from Durban climate conference

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Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. markets all remain in action as effective tools to leverage global climate action and as models to inform. Nations Framework Convention on Climate Change (UNFCCC). Green Climate Fund.

Climate 294
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Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

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Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

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Cutting Non-CO2 Pollutants Can Delay Abrupt Climate Change; The Fast Action Climate Agenda

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Current emissions of anthropogenic greenhouse gases (GHGs) have already committed the planet to an increase in average surface temperature by the end of the century that may be above the critical threshold for tipping elements of the climate system into abrupt change with potentially irreversible and unmanageable consequences, the authors write.

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Bank of America joins Stanford’s Global Climate & Energy Project

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Bank of America has joined Stanford University’s Global Climate & Energy Project (GCEP), a collaboration of academic and business experts that identifies and supports new avenues of research to make environmentally sustainable, low-cost energy available to everyone. All of humankind needs energy that is reliable, cleaner and more affordable.

Climate 218
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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Although most countries have already revealed their opening emissions reduction proposals, UNFCCC Executive Secretary Yvo de Boer pointed out Thursday that “ we still await clarity from industrialized nations on the provision of large-scale finance to developing countries for immediate and long-term climate action. by Jack Rosebro.

Climate 236
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Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

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Diplomats were recalled from their hotels to block the move, and Rasmussen instead called a brief adjournment following intervention by UK Energy and Climate Secretary Ed Miliband, as well as Australian and US officials. All agreements would be legally binding, and would be subject to independent verification. by Jack Rosebro.

Climate 236
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India, China, Brazil, Japan, other non-Arctic countries want a voice on Arctic Council; interest in climate change impact and access to resources

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Many non-Arctic countries are interested in the Arctic as the “canary in the coal mine” that can teach them about how climate change will impact their own states. They are also interested in the potential access to the vast hydrocarbons and resources in the region and the cost-savings of using shorter Arctic shipping routes.