COP15 Deal Deemed Satisfactory By UN
Following the Copenhagen conference, delegates have finally agreed to ‘recognise’ the US-brokered deal, despite the fact that it does not secure unanimous support.
The accord, which was arranged between the 5 key nations (US, EU, India, China and Brazil), is not legally-binding, but should be made so in 2010 according to UN Secretary General, Mr Ban Ki-Moon.
"Finally, we sealed the deal", Mr. Ban told journalists. "It may not be everything we hoped for, but this decision of the Conference of Parties is an essential beginning. We must transform this into a legally binding treaty next year. The importance will only be recognised when it's codified into international law."
UK Environment Secretary, Ed Miliband, insisted the Copenhagen conference's outcome was not a failure, claiming that the adherence to the accord will allow financial grants schemes to begin.
"We recognise there could have been more ambition in parts of this agreement. Therefore we have got to drive forward as hard as we can towards both a legally binding treaty and that ambition", he said.
The UK believes the deal made is positive, as it provides money, provisions for emissions targets and transparency. The only draw-back being that developing countries seemed very reluctant about signing up for any legally binding emission reduction targets.
The Energy Saving Association (ESA) Council Member, Ian Wrigley, also believes in the great energy saving potential that such an accord will make accessible, through the release of financial aids entailed.
Opening up financial flow for the implementation of energy saving solutions is the key to reducing emissions and acting upon the reached agreement, in a cost-effective way.
The COP15 deal was reached after much battling through the night from the delegates, who combined efforts to prevent the summit from ending with no definitive issue.
Due to the deal lacking specific carbon reduction targets, it was agreed that delegates would "take note" instead of formally approving it, thereby not making it legally-binding.
Several experts claim that the way is now cleared for the accord to be made operational, even though it has not been formally approved by the conference.
UN Climate change convention spokesman, John Hay, comments: "The linkage is strong enough for it to become operational."
As an example of ways to reduce emissions through this reached accord, businesses could be granted monetary support to install energy efficiency technology in their premises in order to cut emissions and energy costs.
Wednesday 23rd December 2009