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Monday, 17 December 2018 11:00

Rulebook adopted to make the Paris Agreement work in practice

Rulebook adopted to make the Paris Agreement work in practice

The UN climate conference (COP24) in Katowice, Poland has resulted in adoption of a clear rulebook to make the Paris Agreement on climate change work in practice across the world, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Commission.

The Paris rulebook will enable the Parties to the Paris Agreement to implement, track and progressively enhance their contributions to tackling climate change, in order to meet the Agreement's long-term goals.

The EU's nationally determined contribution (NDC) under the Paris Agreement is to reduce greenhouse gas (GHG) emissions by at least 40% by 2030 compared to 1990, under its wider 2030 climate and energy framework. All key legislation for implementing the 2030 emissions target has already been adopted, including the increased EU's 2030 targets on renewable energy and energy efficiency – which if fully implemented could lead to an EU GHG emissions cut of some 45% by 2030, the Commission has estimated – as well as the modernisation of the EU Emissions Trading System and 2030 targets for all Member States to cut emissions in sectors such as transport, buildings, agriculture and waste.

EU ambition also goes beyond 2030. Following the invitation by the EU leaders, the Commission on 28 November presented a strategic long-term vision for a prosperous, modern, competitive and climate-neutral European economy by 2050.

The Paris Agreement rulebook contains detailed rules and guidelines for implementing the landmark global accord adopted in 2015, covering all key areas including transparency, finance, mitigation and adaptation.

More details: http://europa.eu/rapid/press-release_IP-18-6824_en.htm

Person in charge of the newsline: Olga Nagiyeva 

 

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