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Contents GreenPrices Weekly nr 81,
20 December 2007

Bali Action Plan agreed

An overview of the Bali Action plan

Diversified comments on Bali deal

European Commission limits emissions from cars`

RECS: stepwise introduction of full certificate trade

New calls for proposals within EU 7th Framework Programme

PV market growth in 2007: 2.3 GW

Industrialised countries collectively meet 2010 Kyoto target

Editorial: A year of change

GreenPrices Market Monitor December 2007

In Brief

- BP Solar to build 300 MW PV factory

- Transport and greenhouse gases central to EU decisions

- EU adopts Energy Star programme

- Deals on forestry and technology, continuing fights on targets

- 500 MW wind turbine contract for GE

- Chinese solar firm profits from climate fight

- US: doubling renewables by 2030

- US solar power industry alive and kicking

- German ship cuts fuel and CO2 with high-tech kite

Agenda

Breaking news: Bali Action Plan agreed
15 December 2007 - Last night, 187 countries agreed on a ‘Bali roadmap’, intended to lead to a new global agreement on climate change policies in 2009. At last, opposing positions from the US and the EU have converged. The UN refers to the roadmap as a ‘breakthrough’. No emissions target range has been included in the text, but a clear commitment is made by all developed countries. 

The 187 countries meeting in Bali today agreed to launch negotiations towards a new climate change deal, with a ‘clear agenda’, according to the UN Framework Convention on Climate Change. Earlier agreements had already been prepared on adaptation to climate change and technology transfer.

At the heart of the new agreement will be the way to reduce greenhouse gas emissions. In the Bali Action Plan published today, a target range (of 25 to 40% emissions reduction) met a US veto, but the text now says 'measurable, reportable and verifiable nationally appropriate mitigation commitments or actions, including quantified emission limitation and reduction objectives, by all industrialised country Parties'. Moreover, developing countries will consider committing to 'Measurable, reportable and verifiable nationally appropriate mitigation actions'. For the EU, this compromise will do for the moment.

Indonesian Environment Minister and President of the conference, Rachmat Witoelar said: “We now have a Bali roadmap, we have an agenda and we have a deadline. But we also have a huge task ahead of us and time to reach agreement is extremely short, so we need to move quickly.”

Yvo de Boer, UNFCCC Executive Secretary, added: “This is a real breakthrough, a real opportunity for the international community to successfully fight climate change. Parties have recognised the urgency of action on climate change and have now provided the political response to what scientists have been telling us is needed.

While a new global deal is envisaged for 2013, countries also agreed on a number of steps that need to be taken immediately to further implement the existing commitments of Parties to the UNFCCC. These issues are particularly important for developing countries (see factsheet).

See the UNFCCC press release and the official Bali Action Plan.

Later more details on the GreenPrices website.

 
Source: GP Newsdesk

             
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