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Monthly Archives: December 2015

Prof Nwajiuba: Rethinking political economy of Nigeria post-COP21

Chinedum Nwajiuba

The 21st Session of the Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC) should be an eye opener and trigger inner reflections and new actions by the Nigeria political class. Irrespective of what the agreements contain, and whether or not they are implemented, one simple thing stands out clear. The simple thing is ...

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COP21 betrayed the poor, vulnerable – Nnimmo Bassey

Nnimmo Bassey

COP21 has come and gone and, like most others before it, the response has been varied. Some have applauded the Paris Agreement as a giant step for humankind. Some are claiming a big win. Others take a holistic look at the future scenario the agreement presents and are aghast that after two decades of climate negotiations greenhouse gas emissions continue ...

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How Paris Agreement will impact the world, by delegates, groups

Amina Mohammed

History was made in Paris, France on Saturday (December12, 2015) when the Paris Climate Agreement was adopted around 19:27 hours local time. It is the first time in history that all countries will agree to participate in addressing climate change. “The Paris agreement is not perfect but it represents a major leap forward for developing countries,” says a South African delegate, amid ...

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History as Paris Agreement on climate change is actualised

Paris Agreement

195 nations set path to keep temperature rise well below 2 degrees Celsius An historic agreement to combat climate change and unleash actions and investment towards a low carbon, resilient and sustainable future was agreed by 195 nations in Paris on Saturday. The Paris Agreement for the first time brings all nations into a common cause based on their historic, ...

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What countries agreed on in Paris

Greenpeace campaigners

Under Paris climate pact, countries agreed on several critical components of climate action, such as: Mitigation Objectives and Plans (Articles 2 and 4): The text includes a new stretch goal of keeping warming below 1.5 degrees Celsius to accompany the current hard limit of 2 degrees. Countries will pursue the mitigation plans laid out in their domestic climate commitments, which will go ...

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‘Historic turning point’ looms as world nears climate pact

Laurent Fabius

An attempt by nearly 200 countries of the world to strike the first climate deal in history that will commit them to cut emissions received a massive boost on Saturday in Paris at the UN Climate Change Conference, where organisers of the global summit released details of the proposed landmark agreement. France’s Foreign Minister Laurent Fabius, while presenting the final ...

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Latest draft text: ‘Great’ progress made, say African delegates

Samuel-Ogallah-Samson

African delegates are of the opinion that the release on Thursday of yet another draft of the climate change negotiating text on Thursday at the ongoing global summit in Paris indicated an encouraging progress. “Great progress has been made to secure a dedicated process to deal with this,” says Samson Ogallah of the Pan Africa Climate Justice Alliance (PACJA), adding ...

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Invest in renewable energy, AfDB urges business

Assaad Razzouk

“Investments in renewable energy should be the concern of both the government and the private sector. This is one of the best ever innovations in COP conferences and it is time private investors in Africa wake up and seize the opportunity,” notes Assaad Razzouk, chairman of Association for Sustainable and Responsible Investment in Asia at a discussion on the theme, ...

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Infographic: Analytics of second draft Paris outcome

Analytics

On Thursday, the second draft text of the climate agreement at the ongoing global summit (COP21) was released, signalling some level of progress in the negotiation process. The latest text has 48 brackets left: 32 in the Agreement, 16 in the Decision. Also there are 13 options remaining: 11 in the Agreement, 2 in the Decision. Though brackets mean undecided, text outside of brackets or options is not necessarily ...

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Allianz, ABP join in aligning portfolios with low-carbon economy

Achim Steiner

Allianz and ABP, two of the world’s biggest institutional investors, on Monday in Paris, France at the UN Climate Change Conference (COP21) joined the Portfolio Decarbonisation Coalition (PDC), a group of investors committed to supporting the fight against climate change. With Allianz and ABP, the PDC now convenes 25 investors overseeing the gradual decarbonisation of a total of $600 billion ...

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