Representatives of 190 countries agreed the Lima Call for Climate Action early on Sunday morning, recommitting countries to preventing temperatures rising by more than two degrees above pre-industrial levels.
None hailed the deal as a triumph, and no single actor came away feeling totally satisfied with what went on over the last two weeks, or what looks set to come over the next year. But there were small victories smattered throughout the text.
We review the deal, and identify Lima's winners and losers.
Climate finance
Good COP for developed countries nervous about their short-term economic recovery.
Countries including the EU, US, and even Australia collectively pledged a little over $10 billion to the UN's newest climate fund in run-up to the Lima negotiations. During the talks, it became clear that this is the limit of what they're willing to give, for now, as their economies struggle to recover from the recession.
Economists suggest that spending money to help developing countries pursue lower carbon development paths and become more resilient to climate change is a wise investment. They say that sacrificing a fraction of one per cent of global GDP now could save the global economy trillions in the decades to come.
Bad COP for the Like-Minded Developing Countries (LMDC) bloc demanding financing assurances.
The LMDC group is made up of 26 developing nations. They made it clear going into the negotiations that they wanted countries to ramp up their contributions to the UN's multiple climate funds, and give greater assurances that such financing would be delivered.
Countries like Bangladesh argued that funds to help them adapt to climate change were their "right" rather than a demand. But despite the strong language, the world's largest emitters wouldn't promise anything new.
Developing countries made it clear they wouldn't agree to more transparent financing processes, showing how the funds were spent, until new money was on the table. In the end, the Lima agreement settled for the worst of both worlds: less transparency and less funding.
For the complete article, please see The Carbon Brief.
As hundreds of decision-makers are gathering in Marrakech to agree new standards for global migration, the United Nations climate change conference ‘COP24’ is looking at concrete ways to help countries tackle large-scale displacement caused by the impacts of climate change, including water scarcity, flooding, storms and rising sea levels.
Nigeria’s central Middle Belt region is home to a diverse cultural population of semi-nomadic cattle herders and farming communities. For decades, the region has experienced increasingly violent attacks that have been partially attributed to direct competition over access and use of natural resources.
COP24 starts today, the IPCC has published new scientific evidence on the devastating impacts of climate change, the probability that those changes will be manageable are decreasing, and, once again, there is a stalemate in international climate negotiations. Time is running out fast - or more appropriately, as UNFCCC Executive Secretary Espinosa stressed, time is a luxury we no longer have. So, actually the question is how soon is now?
COP24 might be in Katowice, but for the rest of the world it’s on Twitter. Navigating through this sea of news and expert profiles is not the easiest task, however. With this is mind, we’d like to share our favourite Twitter accounts with our followers so that you can be up-to-date throughout the event.