Climate Summit 2014: Warm-Up for 2015 (CRS Report for Congress)
| Release Date |
Revised Sept. 24, 2014 |
| Report Number |
IN10153 |
| Report Type |
Insight |
| Authors |
Leggett, Jane A. |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
âOn September 23, 125 Heads of State and Governments, as well as business, religious, community, and civil society leaders, gathered in New York City for Climate Summit 2014. The Summit was hosted by United Nations Secretary-General Ban Ki-Moon and branded as an event âto galvanize and catalyze climate action.â While it may have accomplished little in its quest for deeper government commitments than already pledged, it provided a platform for private and non-profit organizations to announce a wide variety of actions, including pledges of US$200 billion to finance climate-related actions, mostly from investors and other private entities, and that may move markets and secure future greenhouse gas (GHG) emission reductions. The European Union pledged US$18 billion of the total. The Summit came two months before the next meeting of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC)--the COP's last full session before it agrees, according to its schedule, by the end of 2015, on a new accord to address climate change in the post-2020 period. Nations that âare ready to do soâ will announce their âintended nationally determined contributionsâ in the first quarter of 2015. The U.S. Department of State outlined on September 18 its proposal for certain elements of the negotiations, including a due date of 2025 for GHG reductions and equal clarity from all Parties regardless of their different mitigation levels.â
