Paris Agreement Current Affairs - 2020

World Sustainable Development Summit organized by TERI first time in New Delhi

The World Sustainable Summit is an annual event organized by The Energy and Resources Institute (TERI). It is being organized since 2001. The event has become a premier international event focusing on developing actions.

Highlights

The event is to be held between January 29, 2020 and January 31, 2020. This year, the event is being held at New Delhi. The theme of the event is

Theme: ‘Towards 2030: Making the Decade Count’

The Summit brings together Nobel Laureates, decision-makers and political leaders from multilateral institutions. After signing the Paris Agreement in 2015, the summit aims to provide long term solutions to issues related to future of humanity.

About the 2020 Summit

The Summit includes Sustainable Action Dialogues, Regional dialogues, corporate conclaves, IFAT Delhi 2020 (Exhibition of Clean Technologies), Youth Volunteer Programmes

Sustainable Development

The concept of Sustainable Development has its roots in sustainable forest management during 17th and 18th century. The Global Movement for Sustainable Development began in 2005. It launched the UN decade of Education for Sustainable Development. This was the turning point for the world to begins its journey towards sustainable development.

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UN Climate Summit concludes

The longest climate talks in the history of United Nations that was held in Madrid, Spain, ended on December 15, 2019. The climate summit ended without crucial agreement on carbon market rules of the Paris Agreement.

Highlights

The key issues that was aimed to get resolved at the summit was the regulation of carbon market. Carbon market puts prices on carbon dioxide emission. However, no conclusion was reached and the issue is to be taken at the next summit to be held at Glasgow in 2020. The summit failed to reach an agreement on the implementation of Article 6 of Paris Agreement.

The United Nations Environment Programme released its Emission Gap Report at the summit. Also, the report of Global Carbon Project was tabled at the summit.

The Presidency of the summit, Chile (though summit was held at Madrid, Spain), launched the Climate Ambition Alliance.

Article 6 of Paris Agreement

The article 6 aims at promoting approaches to implement the NDC (Nationally Determined Contributions) through voluntary international cooperation. It also establishes a trading system where in the countries with low emission are allowed to sell their exceeding allowance to countries with larger emissions.

Issue

Last year at the COP24, countries US, Saudi Arabia, Kuwait and Russia refused to welcome the IPCC 1.5C report. This year majority of the members are not willing to reduce their emissions at the pace suggested by the conference. According to World Resources Institute NDC tracker, only 80 countries have so far submitted proposals to enhance their NDCs. These countries are primarily small and developing. They represent only 10.5% of the world population.

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