City view of Dhaka, Bangladesh’s capital. British economist Nicholas Stern estimates about US$ 4 trillion will be invested in infrastructure in the developing world till 2030. UN Photo/Kibae Park
Talks move forward at the Lima summit, but a herculean negotiating effort on emissions cuts and financing will have to be carried out throughout this year
By José Alberto Gonçalves Pereira*
From the technical point of view, climate negotiations evolved significantly at the Lima Climate Conference, which took place last December in the Peruvian capital, laying the groundwork for a global climate deal at the COP21 in Paris next year.
The countries agreed on operationalising the Warsaw International Mechanism for Loss and Damage, establishing the Lima work programme on gender and adopting the Lima Declaration on Education and Awareness Raising. They also adopted a decision on Intended Nationally Determined Contributions (INDCs) with its scope not being mitigation-centric. It opens a window…
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