COP24: almost 200 Countries Approve 'Rulebook' to Govern Paris Accord

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COP24: almost 200 Countries Approve 'Rulebook' to Govern Paris Accord

India on Sunday termed "positive" the outcome of climate talks in Poland as it sets nations on the path for successful implementation of the historic Paris Agreement, and asserted it engaged in the negotiations "constructively" while protecting the country's key interests.

The COP24 has been deemed the most important climate meeting since 2015 when the Paris Agreement was produced with the goal of capping global warming at two degrees Celsius above pre-industrial levels while pursuing the even tougher goal of limiting it to 1.5 degrees Celsius.

Nearly 200 nations, including the world's top greenhouse gas producers, China and the United States, have adopted a set of rules meant to breathe life into the 2015 Paris climate accord by setting out how countries should report their emissions and efforts to reduce them.

Representatives of almost 200 countries approved a compromise in the Polish city of Katowice after the talks extended into Saturday.

The deal agreed upon at United Nations climate talks in Poland enables countries to put into action the principles in the 2015 Paris climate accord.

"The overall guidance reflects the principles of the Paris Agreement and recognises the leadership that developed countries have to display for achieving the objectives of the Paris Agreement", the statement said. Even one step forward is an achievement, he explained, and "you have made a thousand little steps forward".

"One of those key rules - which is the bedrock of carbon markets - is no double counting of emissions reductions".

"There is a view among many of us that this is failing", he said in an interview with The Associated Press.

"The outcome on dialogue also recalls the commitment of developed country Parties to a goal of mobilizing jointly United States dollars 100 billion per year by 2020".

The developed countries had pledged to collectively mobilize 100 billion US dollars a year by 2020 to help developing countries combat and better adapt to climate challenges but observers say the actual funding provided by the developed countries falls far behind the goal.

"Overall, the US role here has been somewhat schizophrenic - pushing coal and dissing science on the one hand, but also working hard in the room for strong transparency rules", said Elliot Diringer of the Center for Climate and Energy Solutions, a Washington think-tank. The decisions were "1,000 small steps forward".

On the political front, President Trump says he intends to withdraw the USA from the Paris agreement and has engaged China in a trade war; Brazil's new president-elect has signaled he may no longer support the agreement; and leaders in Europe are struggling with domestic challenges, including the recent "Yellow Vest" protests in France over fuel taxes.

"Those rules, known as the 'transparency framework, ' are vital to the success of the Paris Agreement".

Brazil blocked the completion of that chapter and negotiators will work to finish it at next year's Conference of the Parties (COP), to be held in Chile.

The affluent nations which are the main polluters agreed to pay for greening in the underdeveloped world.

"The majority of the rulebook for the Paris agreement has been created, which is something to be thankful for", said Mohamed Adow, a climate policy expert at Christian Aid. It also requires them to reveal what they are doing to reduce emissions.

Chandra Bhushan, the deputy director general of Centre for Science and Environment, said in Katowice the rulebook "is completely insufficient to drive ambitious climate action".

Scientists say emissions of gases such as carbon dioxide need to drop sharply by 2030 to prevent potentially catastrophic global warming.

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