The Copenhagen Accord was done between a smaller group of leaders, not in the full Conference of Parties to the UNFCCC

Herewith a brief summary of the main elements of the Copenhagen Accord – more analysis will follow tomorrow:
•    No clear statement on continuing Kyoto with commitments by developed countries for a 2nd period – but still references to Kyoto, who’s fate remains in the balance
•    No numbers on mitigation in the text. In earlier versions, there were tables with quantified emission reduction targets for developed countries (including the US at 17% below 2005 levels by 2020) and goals to reduce growth in emissions by several developing countries , but these numbers did not make it into the final document
•    Agreed to continue the existing working bodies.
•    Recognises scientific view of staying below 2 °C (does not mention ‘above pre-industrial levels’)
•    Reference to IPCC AR4
•    Review turned into “an assessment of implementation” of Art 2, “include consideration of strengthening long-term goal”, i.e. not mid-term goals. AT the time of reviewing, a lower temperature goal, 1.5 °C will be considered
•    Adaptation – mixed with response measures !  implementation in developing countries, esp LDCS and SIDS, and Africa
•    Annex I:  no numbers, not even long-term goal of 80% from 1990 by 2050; KP Annex I “will further strengthen the emissions reductions initiated by the Kyoto Protocol” – NO reference to a 2nd commitment period
•    LONG paragraph on nationally appropriate mitigation actions; deal done by US with China then sold to others. Art 4.1, 4.7 and 12.b; LDCS and SIDS voluntarily; MRV for supported NAMAs AND unsupported (latter with domestic MRV, reported through national communications). No more SBI review any more
•    REDD paragraph
•    Various approaches, including use of markets
•    Long-term finance – “developed countries set a goal of mobilising jointly 100 bn  – wide variety of sources, public / private, bi- multi-lateral, “alternative”; equal representation
•    High Level Panel – will look contribution of potential sources
•    Copenhagen Green Climate Fund as an operating entity of the financial mechanism
•    Technology Mechanism
•    LISTS pledges
o    Emission reductions (NO commitments) made by AIPs; rnages with US at -14% to -17% below 2005 ‘under consideration’
o    Voluntary mitigation pledges of developing country Parties – SA at 32% from BAU by 2020, 42% by 2025 (conditional on support!)
o    Pledges for short-term fiannce – for 2010 – 2012: EU 10.6 bn, Japan 11 bn, USA 3.6  (does NOT add up to $ 30 bn)

See the full document in tag or below.  However, it will be attached as a shorter decision, not be a decision in itself, – to indicate its status as a declaration of some Heads of State, but not all.

http://unfccc.int/resource/docs/2009/cop15/eng/l07.pdf

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