COP15: outcomes and the way forward

The Copenhagen Accord: 

• recognises the objective to keep the maximum global average temperature rise below 2°C and the need for a review in 2015 to consider a possible goal of a maximum temperature rise of 1.5°C using new scientific insights;
• calls for listing economy-wide emission reduction targets for developed countries and mitigation action by developing countries by 31 January 2010;
• recognises the need for enhanced action on adaptation to reduce vulnerability and building resilience in developing countries, especially least developed countries, small island developing states and Africa;
• outlines the main elements of developed countries' commitments for new and additional funding for both adaptation and mitigation in developing countries, including a Fast Start programme (US$ 30 billion) for 2010–2012 and long-term finance (US$ 100 billion annually by 2020). This funding will come from a wide variety of sources, public and private, bilateral and multilateral;
• stresses the importance of establishing robust monitoring, reporting and verification;
• highlights the need for setting up immediately mechanisms for reducing emissions from deforestation and forest degradation and other land use changes;
• recognises the need to step up action on the development and transfer of technology.

(29 November-10 December 2010).

More information

• UNFCCC on the outcomes of COP15
• European Commission
• EU Environment Council conclusions on COP15