Saturday, 12 December 2015

Final draft of #COP21 reached – with a 1 year “opt out” clause per Watts Up With That?

The opt out clause is interesting but more so is this:
'Don't let anyone tell you this isn't about wealth redistribution, and these two paragraphs clearly show, it's nothing more than a handout from rich to poor which will probably end up getting diverted and used for anything but the intended emissions reductions, especially in corrupt regimes of Africa

"53. Decides that, in the implementation of the Agreement, financial resources provided to developing countries should enhance the implementation of their policies, strategies, regulations and action plans and their climate change actions with respect to both mitigation and adaptation to contribute to the achievement of the purpose of the Agreement as defined in Article 2;

"54. Further decides that, in accordance with Article 9, paragraph 3, of the Agreement, developed countries intend to continue their existing collective mobilization goal through 2025 in the context of meaningful mitigation actions and transparency on implementation; prior to 2025 the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement shall set a new collective quantified goal from a floor of USD 100 billion per year, taking into account the needs and priorities of developing countries;'

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