COP 20 (the 20th session of the Conference Of the Parties) in Lima is fast approaching. COP 20 is a pivotal meeting. Since Durban in 2011 preparations have been moving forward to complete a global climate change agreement in Paris in December 2015. COP 20 is a step in that direction but will have to increase the momentum and important decisions need to be taken if we are to reach our aim which is to enable a global level playing-field for EU industry.
What should you look for in Lima?
A number of important outcomes are expected from Lima. If one is very optimistic we may see a first draft negotiating text for the 2015 Agreement based upon the now-available co-Chairs’ paper of “elements”. Governments will also be discussing what should be in their Intended National Determined Contributions (INDCs), questions such as, should they cover only mitigation and adaptation or all the Means of Implementation (MoI – finance, technology, capacity building).
Nobody doubts where the process must end - an ambitious and balanced agreement that starts global reductions in greenhouse gas emissions led by developed countries and emerging economies. The question is the route to get there.