The Copenhagen Climate Agreement: EU Positions and State of Play

In a press release, the European Commission informed about its latest positions and the state of play regarding a possible climate agreement to be concluded at the Copenhagen climate conference on 7-18 December 2009.

The Commission considers the following elements essential:

  1. Binding emission reductions by all industrialised countries based on comparable efforts;
  2. Appropriate action by developing countries to limit emissions;
  3. A framework for action on adaptation to climate change;
  4. Action to reduce deforestation and forest degradation and promote sustainable forest management in tropical regions;
  5. Updated accounting rules for emissions from land-use, land-use change and forestry;
  6. An expanded international carbon market to generate financial support for developing countries and promote cost-effective emission cuts;
  7. Provision of international public finance to developing countries to supplement financial flows from the carbon market and domestic investment;
  8. A comprehensive package on technology cooperation and funding to accelerate development of a low-carbon global economy.

Furthermore, the press release indicates that the EU wants the Copenhagen agreement to be a single legally binding instrument that builds on and takes forward the Kyoto Protocol. The agreement will need to be ratified by governments in time for it to enter force on 1 January 2013.

The EU will reportedly honor all its commitments and obligations under Kyoto, independently of the outcome of Copenhagen.

Source: European Commission