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♤ Governments resolved to strengthen measures to close the “ambition gap” - the gap between what has been pledged to date and what is required to keep the world below a maximum average 2 degrees Celsius temperature rise - before the new agreement enters into force in 2020.
♤ Additionally, governments urge the voluntary cancellation of Certified Emission Reductions (CERs) under the Kyoto Protocol’s Clean Development Mechanism.
Strengthening efforts to mobilize USD 100 billion by 2020
♤ To mobilize USD 100 billion annually by 2020 to support developing countries in their climate change actions, developed countries agreed to make their efforts on a biennial basis from 2014 to 2020.
♤ The Green Climate Fund is open for business and will begin its initial resource mobilization process in the middle of 2014.
Cutting emissions from deforestation - “the Warsaw Framework for REDD+”
♤ Governments agreed on a set of decisions on ways to reduce emissions from deforestation and forest degradation.
♤ Global deforestation accounts for some 20 percent of the world’s CO2 emissions. The set of decisions bolsters forest preservation and sustainable use of forests with direct benefits for people who live in and around forests.
♤ It establishes the means for results-based payments if developing countries can demonstrate the protection of forests.
Progress on driving adaptation
♤ Developed countries met the target capitalization of USD 100 million for the Adaptation Fund, which can now continue funding priority projects.
Progress towards accountability
♤ The framework for measuring, reporting and verifying mitigation efforts, including by developing countries, is now fully operational. It is an important agreement because it means that the mitigation, sustainability and support efforts of countries can now be better measured.
Technology to boost action on climate change
♤ CTCN, established in Cancun in 2010, has now moved to the operational stage to support action by developing countries in response to their requests for support through their national designated entities.
♤ The CTCN is ready to respond to requests from developing countries on issues related to the development and transfer of technology.