NBR: NZ signs Copenhagen Accord on climate change

New Zealand has signed on to the Copenhagen Accord on climate change, despite the accord having been rejected already by China and India.

26 countries, however, have signed on to the Accord, and it is hoped that it will provide a path to a more binding agreement than was reached at the recent talks in Copenhagen.

An excerpt: (read in full here)

“Climate Change Negotiations Minister Tim Groser has described the summit as disappointing because it did not make any progress on a comprehensive and legally binding agreement.

“”What this accord does is provide a framework for more progress to be made,” Mr Groser said. “It aims to set a limit on the temperature rise to 2°C, improves the transparency for developing countries to list their mitigation targets and actions, and acknowledges the need for new mechanisms for funding and technology.”

“Under the Copenhagen Accord developed countries have to submit details of their proposed emissions target for 2020. New Zealand has submitted a conditional emissions reduction target range of 10% to 20% below 1990 levels by 2020.