The 21st United Nations Climate Change Conference (COP21) is being held in Paris from 30 November to 11 December 2015. Organised under the United Nations Framework Convention on Climate Change (UNFCCC), its goal is to keep global warming under 2ºC with respect to pre-industrial levels.
This video details the main achievements of previous climate summits and what ACCIONA expects from the Paris summit.
To combat climate change effectively, we need a global agreement that fulfils a number of minimum requirements, which can be summarised in three points:
Targets consistent with the latest IPCC report to keep global warming below 2ºC. This entails adopting quantitative commitments of reducing greenhouse gases (GHGs) by 40-70% by 2050, in comparison with 2010 levels, and achieving close to zero emissions in 2100.
A mandate to all countries to communicate their quantified commitments to reduce emissions, having regard to the agreed common goal and to their degree of development and capabilities. And a mechanism for review every five years that makes it possible to step up the level of ambition in order to achieve the 2ºC target.
Promotion of market mechanisms, such as carbon pricing, to facilitate attainment of the goal of limiting global warming.