Global Agreement To Reduce Greenhouse Gas Emissions

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    Emissions were reduced by 35% in 2030 from 1990 levels. Includes all economic sectors. Emissions are currently 40% below 1990 levels. The answer depends on who you ask and how you measure emissions. Since the first climate talks in the 1990s, officials have been debating which countries – developed and developing countries – are most responsible for climate change and should therefore reduce their emissions. An unconditional 15% reduction in macroeconomic emissions by 2030 from 1990 levels or a 25% reduction subject to international support. Emissions are currently about 25% below 1990 levels. Most countries are parties to the United Nations Framework Convention on Climate Change (UNFCCC). [19] Article 2 of the Convention sets out its ultimate objective of stabilizing the concentration of greenhouse gases in the atmosphere “at a level that would prevent dangerous anthropogenic (human) interventions in the climate system.” [20] In the “Washington Declaration” agreed on 16 February 2007, the heads of government of Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, the United States, Brazil, China, India, Mexico and South Africa agreed on the principle of a successor to the Kyoto Protocol. They envisaged a global cap-and-trade system that would apply to both developed and developing countries, and initially hoped that it would be in place by 2009. [141] [142] Unconditional reduction of greenhouse gases and short-lived climate pollutants by 25% from a “business as usual” scenario by 2030, which would increase to 40% subject to the outcome of a comprehensive climate agreement. For unconditional commitment, this means achieving net emissions by 2026 and reducing emissions intensity per unit of GDP by about 40% between 2013 and 2030.

    This is INDC. The Paris Agreement aims to strengthen the global response to the threat of climate change by keeping global temperature rise well below 2 degrees Celsius above pre-industrial levels this century and to continue efforts to further limit the temperature increase to 1.5 degrees Celsius. The establishment of the European Union Emissions Trading System (ETS) implicitly allows trade in Kyoto national commitments between participating countries (Carbon Trust, 2009, p.