The 2011 United Nations Climate Change Conference(COP 17) was held in Durban, South Africa,, from 28 Nobember to 11 December 2011 to establish a new treaty to limit carbon emissions.
1. Green Climate Fund
- Countries have already started to pledge to contribute to start-up costs of the fund, meaning it can be made ready in 2012, and at the same time can help developing countries get ready to access the fund, boosting their efforts to establish their own clean energy futures and adapt to existing climate change.
- A Standing Committee is to keep an overview of climate finance in the context of the UNFCCC and to assist the Conference of the Parties. It will comprise 20 members, represented equally between the developed and developing world.
- A focused work program on long-term finance was agreed will contribute to the scaling up of climate change finance going forward and will analyse options for the mobilisation of resources from a variety of sources.
- The Adaptation Committee, composed of 16 members, will report to the COP on its efforts to improve the coordination of adaptation actions at a global scale.
- The adaptive capacities above all of the poorest and most vulnerable countries are to be strengthened. National Adaptation Plans will allow developing countries to assess and reduce their vulnerability to climate change.
- The most vulnerable are to receive better protection against loss and damage caused by extreme weather events related to climate change.
- The Technology Mechanism will become fully operational in 2012.
- The full terms of reference for the operational arm of the Mechanismâthe Climate Technology Centre and Networkâare agreed upon, along with a clear procedure to select the host. The UNFCCC secretariat will issue a call for proposals for hosts on 16 January 2012.
4. Support of developing country action
- Governments agreed a registry to record developing country mitigation actions that seek financial support and to match these with support. The registry will be a flexible, dynamic, web-based platform.
5. Other key decisions
- A forum and work program on unintended consequences of climate change actions and policies were established.
- Under the Kyoto Protocolâs Clean Development Mechanism,
- Governments agreed to develop a new market-based mechanism to assist developed countries in meeting part of their targets or commitments under the Convention.