Copenhagen Accord Weekly Roundup: April 28
USCAN is tracking intel and developments surrounding the Copenhagen Accord. Here’s what has happened since our last update on April 14:
In the last two weeks, Barbados, Mozambique, Uganda and Ukraine have associated with the Copenhagen Accord. San Marino, which had already associated, submitted actions. See Who’s On Board With the Copenhagen Accord.
Current Copenhagen Accord emission reduction pledges could lead to warming far higher than the agreement’s 2 degree Celsius goal, according to research by Potsdam Institute. Published in Nature magazine last week, the authors contend that there is a 50 percent chance warming will soar to 3 degrees Celsius or more by 2100. The article also predicts that the Accord’s pledges will allow for a 10-20 percent overall increase in emission by 2020.
The People’s Climate Summit in Bolivia, originally prompted by the lackluster outcome in Copenhagen last year, attracted 142 nations and more than 15,000 people. Eighteen working groups met during the summit which ultimately produced a series of documents, including the Cochabamba Accord. A direct response to the limited pact agreed to by President Obama and BASIC leaders in Copenhagen, the Cochabamba Accord calls for leading industrial nations to cut emissions by 50 percent by 2020.
UNEP has released an interactive graph comparing how countries are progressing towards a low carbon economy. The 2010 Climate Competitive Index indicates that, despite the uncertainty surround international climate negotiations and gaps in performance and accountability, one third of countries have made significant strides towards low carbon economic growth since the Copenhagen Accord was forged – with the United States, United Kingdom, France, Germany and Australia at the top.
Ministers from the four major emerging economies – Brazil, South Africa, India and China – met April 25-26 to discuss international climate policy. In their statement the group said that political agreements outlined in the Copenhagen Accord “should be translated into the official negotiating texts” under the two UNFCCC negotiating tracks. They also noted that “small groups can make a contribution in resolving conflicts,” and called for a legally binding agreement no later than South African-hosted COP in 2011.
Australian prime minister Kevin Rudd announced he’s putting plans for a domestic cap-and-trade system on ice until 2013. Rudd had committed the country to a 5 percent emission reduction target (below 2000 levels) by 2020 under the Copenhagen Accord. The prime minister says that he still stands behind that pledge, but wants to wait until after governments identify their commitments post-2012.
On April 5 KPMG, an international financial services firm, released a 44-page white paper on how the Copenhagen Accord could affect business operations and trade.
Otarian, a new vegetarian restaurant chain in New York City, claims that if every American ate their “Otarian Carbon Saving Combo meal” instead of a meat equivalent, the United States would meet 26.5% of its “Copenhagen Accord commitment.”