Durban climate deal sealed, mixed outcome for India

Image
BS Reporter New Delhi
Last Updated : Jan 21 2013 | 1:22 AM IST

Road map agreed for future treaty to legally bind polluters to cut emissions.

After two weeks of parleys, an impassioned speech by environment minister Jayanthi Natarjan and 36 hours of marathon negotiations, Durban finally managed to deliver a breakthrough by giving Kyoto Protocol, the only legally binding climate treaty, a second lease of life. The UN climate talks on Sunday okayed the road map for a 2015 accord. The accord will, for the first time, legally bind all major carbon polluters to cut greenhouse gas emissions.

Just when commentators had given up on Durban, the conference of parties salvaged the talks and came up with major decisions in the last hour, including the extension of Kyoto Protocol, operationalisation of the much-needed green climate fund and a new legally binding treaty.  

Extension of the existing protocol and inclusion of “equity” in future talks could be considered a victory trophy for India, which stood its ground amid global criticism for being a “deal breaker”. India's proposal on equity has already been included in the work plan for the next conference.

In the last round of negotiations, Natarajan and the EU were the key actors. The minister refused to relent under pressure and made a bold statement that “India will never be intimidated by threats or intimidation.” She found support in China. Though the Kyoto decision was cheered, the accord on the legally binding future commitment evoked a mixed response from Natarajan, the Indian industry and NGOs.

The future treaty will legally force all major carbon polluters to cut greenhouse gas emissions. Kyoto Protocol sets binding targets for 37 industrialised nations and the EU to slash carbon emissions to five per cent below the 1990 levels by 2012.

Until now, China and India have been exempt from any constraints because they are developing countries, while the US has opted out of the Kyoto Protocol. India had earlier argued that mandatory cuts would slow the growth of developing nations.

After their talks, India and the EU agreed to the compromise formula, with Natarajan saying, "We have shown our flexibility and we have agreed to this..."

“We are not sure about the shape of the future legally binding treaty and what kind of responsibility would be vested in the developed and developing countries,” said Rita Roy Choudhury, director, environment and climate change at Ficci.
 

KEY DECISIONS 
EXTENSION OF KYOTO PROTOCOL
* Governments, including 35 industrialised countries, agreed on a second commitment period of the protocol from January 1, 2013
* Parties to this second period will turn their economy-wide targets into quantified emission reduction and submit those for review by May 2012
NEW LEGAL AGREEMENT ON CLIMATE CHANGE 
* It was decided to adopt a universal legal agreement on climate change as soon as possible, but no later than 2015
* Work will begin immediately under a new group called Ad Hoc Group on Durban Platform for Enhanced Action
GREEN CLIMATE FUND 
* To be operational by 2012
* A standing committee of 20 members from the developing and developed nations would be formed to overview climate financing
TECHNOLOGY MECHANISM 
* To be fully operational by 2012

Even as the industry and countries debate over the fine print, experts feel the pledges to cut emissions both from developed and developing countries are not high enough to keep the global average temperature rise below two degrees Celsius.

The next major UNFCCC climate change conference will take place in Qatar in December, 2012.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 12 2011 | 12:16 AM IST

Next Story