Remove Climate Remove Financing Remove Industry Remove South Africa
article thumbnail

Summary of decisions from Durban climate conference

Green Car Congress

Countries meeting in Durban, South Africa, managed to deliver an agreement after an extension to negotiations. Governments at the COP17 meeting decided to adopt some form of a universal legal agreement on climate change as soon. Nations Framework Convention on Climate Change (UNFCCC). Green Climate Fund.

Climate 294
article thumbnail

Shipping industry, Oxfam and WWF call on COP 17 delegates to provide IMO with clear guidance on reducing shipping GHG emissions; potential for contributing to Green Climate Fund

Green Car Congress

This includes the possibility of the adoption by IMO of a compensation mechanism through which a significant share of any revenues collected from international shipping could be directed to developing countries and provide a new source of finance to support their efforts to tackle climate change.

Climate 218
article thumbnail

Group of 285 global investors with more than $20T in assets under management calls for urgent action on investment-grade climate change and energy policies; guidelines for governments

Green Car Congress

Saying that “ investment-grade climate change and clean energy policy is required to shift private sector investment from high-carbon to low-carbon assets ”, a group of 285 investors has urged governments and international policy makers to take new and meaningful steps in the fight against climate change.

article thumbnail

Indo-US task force to study HFC phase-down

Green Car Congress

Reifsnyder, in New Delhi, along with members of industry and civil society groups to discuss the HFC issue. HFCs are chemicals are potential substitutes for ozone-depleting and climate-warming CFCs and HCFCs currently being phased out under the Montreal Protocol treaty to protect the ozone layer.

article thumbnail

Climate Talks End In Copenhagen Accord; Countries Settle On Non- Binding 2 ºC Warming Limit

Green Car Congress

The accord calls for action to hold mean warming of the Earth’s surface to no more than 2 ºC above pre-industrial levels, but does not define reductions in greenhouse gases that might be employed to achieve that goal. by Jack Rosebro. The relative valuation of potential emissions offsets (e.g.

Climate 236
article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2% by Jack Rosebro. ” [ 1 ].

Climate 236
article thumbnail

G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

Inefficient fossil fuel subsidies encourage wasteful consumption, distort markets, impede investment in clean energy sources and undermine efforts to deal with climate change. The inaugural meeting of the G-20 took place in Berlin, on December 15-16, 1999, hosted by German and Canadian finance ministers.