The Jakarta Post
Amid the uncertainty toward a global agreement to reduce emissions, the Cancun consensus on addressing global climate challenges has triumphed, with countries having agreed on the operational bodies that will be the focal points of climate change projects.
The 194 countries involved in the 17th climate conference in Durban have agreed to start pledges to contribute initial funds, to be ready next year, to help developing countries launch mitigation and adaptation efforts. A Standing Committee consisting of 20 member states is to oversee climate finance.
Four countries — Denmark, Germany, Great Britain and South Korea — have expressed commitment to establish the climate fund.
Despite heated debates on market mechanisms, the conference has also established a draft on Reducing Emissions from Deforestation and Forest Degradation (REDD+) as a mitigation mechanism un...