Paris UN climate conference 2015: Draft agreement ready, accord hours away
Paris climate summit has finally reached a sort of accord and its draft agreement is ready. There are indications that the draft agreement actually aims to transform world’s fossil fuel-driven economy and rein in global warming.
There are strong reasons to believe that the draft agreement is all set to be adopted by the world despite many parties having varying degrees of apprehensions about the draft and the subsequent agreement.
Latest reports suggest that the draft agreement will be presented to ministers at 10:30 GMT. The accord aims to transform the world’s fossil fuel-driven economy within decades and rein in global warming.
The latest rounds of negotiations have been toughest in years as the world seeks to sort out the deteriorating climate issue. Officials from 195 nations have been participating in the parleys through the night, seeking to resolve the final sticking points: the phrasing of a goal for phasing out carbon emissions later this century, as well as the frequency of further negotiations meant to encourage even faster action.
French Foreign Minister Laurent Fabius while talking about it said Friday, â€œAll the conditions are in place to have a universal, ambitious final dealâ€¦There has never been such a strong momentumâ€.
This is the biggest plan that is said to be ever implemented. The result, including pledges to expend billions of dollars in funding to ease the shift to low-carbon fuels and to help developing nations cope with impacts of climate change ranging from floods to heat waves, is likely to be praised by many for its ambition, and criticised by others for its lack thereof. If successful, it will be a powerful symbol to world citizens and a signal to investors that for the first time in over 20 years the world will have a common vision for cutting back on the greenhouse gas emissions blamed for overheating the planet, and a plan for ending two centuries of fossil fuel dominance.