Cancun agreement puts climate change negotiations ‘back on track’

New York, 17 Dec – (ANA) - The outcome of last week’s United Nations climate change conference in Cancún, Mexico, has put the negotiation process back on track, a UN official said today, outlining some of the key agreements reached at the meeting.

Progress was made on “all fronts” that Secretary-General Ban Ki-moon had identified before the conference, Robert Orr, the Assistant Secretary-General for Strategic Planning and Policy Coordination, told reporters at UN Headquarters.

“The fact that there was a hunger for a deal and a recognition of the stakes showed that governments have come to grips with the fact that their negotiation suffered a blow in the previous year and it was their responsibility to get it back on track,” said Mr. Orr.

Agreement was reached on anchoring climate change mitigation commitments of all countries into the formal process of the UN Framework Convention on Climate Change (UNFCCC).

“We now will have a system for receiving those commitments for monitoring, reporting and verifying those commitments,” Mr. Orr said. “There will be a process that will be quite transparent,” he said.

A deal was also struck on deforestation and land use, a development that is expected to “unlock capital” for forest conservation efforts because close to a one-fifth of the accumulation of harmful greenhouse gases has been blamed on deforestation. “This agreement framework will have concrete impact on the ground,” Mr. Orr said.

On climate change financing, progress was made on the “fast-track financing” which will require   developed countries to raise $ 30 billion over a three-year period to help poor countries cope with the consequences of climate change. (ANA)

FA/ANA/17 December 2010------