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23.6. COP 17 DURBAN SUMMIT

New global climate change regime


India had gone to Durban with two major demands — that the principle of equity remain intact in any new climate regime and that this new global deal be launched after 2020.

Outcome


New deal to be finalized by 2015 and launched by 2020


Second phase of Kyoto Protocol secured


Green Climate Fund launched, though empty as yet Green tech development mechanism put in place


Equity finds place back in future climate talks


Adaptation mechanism


Transparency mechanism


Secures 10 years of economic growth without carbon containment Intellectual Property Rights and technology not as well anchored in new deal

Loopholes for developed world not fully blocked


Agriculture brought in by developed nations under climate change