Thursday, May 20, 2010

China And India On Board With Copenhagen Accord

Top environmental and climate negotiators for China and India instructed the United Nations Framework Convention on Climate Change (UNFCCC) on Tuesday to include them amongst the nearly 200 countries listed at the top of the Copenhagen Accord.

The accord, a three-page nonbinding statement, was the only thing to come out of the failed attempt at world government that was the Copenhagen Summit this past December.

The deal underlines climate change as one of the great challenges of our time and calls for limiting the rise in global temperature to below two degrees Celsius. It also asks developed countries to raise funds of US$30 billion for new and additional resources by 2012 and for the world to raise US$100 billion a year by 2020 to help developing countries mitigate carbon emissions.

China and India are the last two large economies to attach their name to the deal, but are among the most important due to the role that they are forecast to play as they continue to fuel their growth in the coming years.

"After careful consideration, India has agreed to such a listing," India's Environmental Minister Jairam Ramesh told Parliament on Tuesday, according to Reuters. "We believe that our decision to be listed reflects the role India played in giving shape to the Copenhagen Accord. This will strengthen our negotiating position on climate change."

In a similar move yesterday, Beijing's Su Wei sent a one-sentence statement to the UNFCCC confirming China's desire to be named among the countries that "take note of" the Copenhagen Accord.

"I am writing to confirm that the Secretariat can proceed to include China in the list of Parties included in the chapeau of the Copenhagen Accord," it read.

While the actual ramifications of China and India signing on to the deal are minimal due to the difficulty of establish a legally binding agreement, it does give the Copenhagen Accord a bit more credibility and could help to put everyone on the same page for real progress being made in Mexico in 2010 or, more likely, South Africa in 2011.

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