Global Treaty on Climate Change – Beneficial For Businesses
Negotiators from almost 200 countries agreed on a new comprehensive global treaty on climate change that will be introduced by 2015 and come into effect from 2020. The decision taken in the early hours of Sunday morning will require both developed and developing countries to cut their carbon emissions.
This is the first legally binding treaty which is expected to make a difference by adding an additional level of security for investors looking to pour money into greening the economy.
Gas and carbon emissions have risen by 50% in the last 20 years with the biggest polluters being India, China and the United States. Countries of the European Union, including Britain, welcomed the deal with incentive for all countries to ensure the proper implementation of the project.
UK’s energy and climate secretary, Chris Huhne said: “We know that we are working very hard on this, but we need to be sure that other countries are working just as hard – that’s very important for our industry and our competitiveness.”
Another key figure at the summit, the United Nations climate chief, Christiana Figueres expressed optimism for the new binding solution of tackling climate change.
Ms Christiana Figueres said: “I salute the countries that made this agreement. They have all laid aside some cherished objectives of their own to meet a common purpose – a long-term solution to climate change.”
Although some environmental groups expressed some scepticism, a chief policy advisor Ruth Davis from Greenpeace UK, said that the deal is a lot better than no deal.
Mr Davis said: “The political signal delivered by Durban is more powerful than the actual substance of the agreement. A new progressive alliance of over one hundred vulnerable countries, backed by the European Union, demonstrated that there’s massive appetite for an ambitious legally binding climate deal covering all the major polluters.”
What is your reaction about the Global Treaty on Climate Change? Do you think this key decision by International Leaders will positively benefit your business? Share your thoughts with us by commenting below:
Posted on December 12, 2011, in construction jobs, construction news, Plumbing News, Renewable Energy, t4ts, train4tradeskills and tagged carbon emissions, Chris Huhne, Christiana Figueres, Climate change, Durban, efficiency, European Union, gas, global treaty, Green economy, Greenhouse gas, United Nations, United States. Bookmark the permalink. Leave a comment.