The Ministry of Environment (MOE) announced on December 2 that it has gained traction in preparing follow-up measures for the 19th UNFCCC’s Conference of the Parties (COP 19) that achieved fruitful accomplishments beyond expectation.
COP19 held in Warsaw, Poland was wrapped up on November 24 at 5:00 a.m. (Korean time), one day after the supposed deadline addressing much of uncertainties in climate change negotiations.
The Conference gave shape to reduction target submission period for the years after 2020 and came to an agreement on major issues to be discussed, presenting a road map for negotiation by 2015 to establish a new climate change regime after 2020.
In addition, delegates approved to launch the Warsaw international mechanism for loss and damage* associated with climate change impacts, which greatly helped to resolve uncertainties in climate change negotiations.
Loss and damage refer to slow-onset event affected by climate change impact such as extreme climate or rising sea level.
Establishment of the Warsaw mechanism for loss and damage had long been requested by developing countries, but unfulfilled issue. COP19 laid a foundation to focus on negotiation to set up the new climate change regime by 2015 that developed countries would like to advance as it embraced much of requests made by developing countries.
After discussing on long-term financial support of USD 100 billion annually to developing countries by 2020, delegates decided to hold a regular ministerial meeting biannually and have in-depth negotiation on detailed financing plan.
As COP19 made many achievements than expected, relevant ministries in Korea started to come up with follow up measures. As COP19 urged all countries to initiate and strengthen domestic procedure for contribution after 2020, MOE, the Ministry of Foreign Affairs and the Ministry of Trade, Industry and Energy will develop action plans to achieve emission target by holding ministers meeting. Also, Korea will set clear stance regarding the climate change negotiation and gear up to respond to the negotiation on the new climate change regime from next year.
The government will consult with relevant ministries to launch a task force team to prepare for Climate Change Summit, which will be held on September 23, next year.