Cma2 Paris Agreement

The last part of the Paris regime to be resolved is Article 6, which outlines the rules of a carbon market and other forms of international cooperation. The COP24 conference did not reach an agreement on this subject. For this article, several difficult political decisions must be made. Negative emissions could be traded under the Kyoto Protocol to offset emissions from industrialized countries, but many of these negative emission projects would have been achieved anyway without the additional incentive of the Kyoto Protocol, so this mechanism has been referred to as „hot air.“ International carbon trading can make overall emission reductions less costly. If the negotiations fail, it will be discussed again at COP26 [19] in 2020 (postponed to 2021). On the other hand, the European Union has joined the European Green Deal, which aims to reduce its emissions to zero by 2050. [32] In addition, many commitments have been made by countries, cities, companies and international coalitions. Thus, the Climate Ambitious Coalition now includes „73 countries that have committed to emit net zero by 2050, as well as 1214 other actors (regions, cities, companies, investors) that have committed to achieving the same goal“. All information on commitments (governmental and non-governmental) will be disseminated on the Global Climate Action Portal. [33] [34] According to scientists, discussions have focused on some of the rules for implementing the 2015 Paris Agreement, but the general question of how quickly the world should reduce greenhouse gas emissions has received little attention. Urgent UN discussions to address the climate emergency still do not address the true scale of the crisis, one of the world`s climate leaders has warned.

[21] Negotiations on guidelines for the implementation of market mechanisms, the agreement of which was not reached at COP24, became one of the highlights of COP25. The Japanese government has called for avoiding double counting of emission reductions and ensuring environmental integrity. Minister Koizumi conducted intensive bilateral consultations with other ministers and took the lead in ministerial negotiations with constructive proposals, complemented by technical negotiations involving heads of delegation and officials at the expert level. On the other hand, under this agenda item, it was not possible to reach agreement on all the discussion points due to political aspects of complex interest to each country. Based on the progress made through the COP25 discussions, the Japanese government will continue to contribute to the adoption of the guidelines for the implementation of market mechanisms at COP26. . . .