• Low likelihood that Durban will deliver a binding and comprehensive agreement on GHG reductions • No agreement on long-term climate financing while Green Climate Fund talks proceed with difficulty • Limited progress on a Safeguards Information System in REDD+ • UNFCCC considers non-carbon values of REDD+ • Indigenous Peoples adopt “Oaxaca Action Plan” on climate
Governments gathering in Durban in late November for COP17 of the United Nations Framework Convention on Climate Change (UNFCCC) face a daunting task. They will have to make progress on crafting an agreement on greenhouse gas emissions reductions within an effective, monitorable and binding legal framework, while securing the necessary financial resources needed to support developing countries on their path towards low carbon development. The survival of the Kyoto protocol is at stake. Some countries will not support the second commitment period: the United States is advocating for a “pledge and review” system, while other countries propose a broader instrument that would engage both developed and developing countries.