DECC says that Cancún conference breakthrough puts climate deal back on track

December 13th, 2010 by HM Government Department of Energy and Climate Change

“A global climate deal is in the UK’s national interest and Cancún shows other countries also want to get on with getting an international deal,” said Chris Huhne, UK Secretary of State for Energy & Climate Change.

Chris Huhne welcomed the agreement made at the international climate change summit in Cancún, describing the deal as a turning point in the negotiations.   “We’ve worked hard to bring countries together and the expectations have been exceeded.  A global deal on climate change is now back on track.  We’ve now got to use this momentum to make urgent progress and lock down that deal – a deal that will benefit our environment and our economies,” he said.

Climate Change Minister Greg Barker added “Cancún will send a strong signal of confidence to business investing billions in the new global green economy. British companies are poised to reap the huge advantage of being the first movers in this rapidly expanding market. We will be working in partnership with the private sector to drive home that opportunity.”

Key highlights of the agreement include:

Objective

Agreed to peak emissions and an overall two degree target to limit temperature rise.

Emissions

Bringing details of what developed and developing countries are doing to tackle climate change, promised in Copenhagen, into the UN system so they can be assessed.

Measurable Reportable Verifiable (MRV)

Agreed a system so we know how countries are living up to their promises to take action on emissions

Long-term finance

Established the Green Climate Fund and will start to get it ready to help developing countries go low carbon and adapt to climate impacts.

Deforestation

Agreed to slow, halt and reverse destruction of trees and agree the rules for delivering it and for monitoring progress.

Technology/Adaptation

Set up the mechanisms to help developing countries access low carbon technology, and adapt to climate change.

The UK’s Coalition Government is already taking strong action at home to tackle climate change and put in place the foundations of a low carbon economy.

The Government is creating a Green Investment Bank, has just published the Energy Bill to bring about a transformation in energy efficiency, and will soon be publishing a consultation on Electricity Market Reform, designed to set out the framework for investment in low carbon electricity.

“The Cancun agreement is a very significant step forward in renewing the determination of the international community to tackle climate change through multilateral action.

UK Prime Minister David Cameron said “I spoke to Chris Huhne to congratulate him and the entire UK team on the successful conclusion of these negotiations.  I also pay tribute to President Calderon of Mexico for the tremendous skill he has shown in bridging the gaps and producing a consensus outcome.  Now the world must deliver on its promises. There is more hard work to be done ahead of the climate change conference in South Africa next year.   I am clear that Britain will meet its international obligations. This will be the greenest ever British Government. And I will continue to make the case for a global, comprehensive and legally-binding climate agreement.”

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