OPEC Fund Quarterly - 2024 Q3

SPECIAL FEATURE

COP, COP

Photo: UNFCCC

COPENHAGEN, DENMARK Leaders agreed on the Copenhagen Accord that provided for explicit emission pledges by all leading economies – including, for the first time, China and other major developing countries. Developed countries agreed to the goal of mobilizing US$100 billion annually by 2020 to support climate actions in developing countries. The goal was finally met for the first time in 2022.

MONTREAL, CANADA As the Kyoto Protocol entered into force, more than 10,000 delegates attended one of the largest climate change conferences ever. The Montreal Action Plan aimed to “extend the life of the Kyoto Protocol beyond its 2012 expiration date and negotiate deeper cuts in greenhouse gas emissions.” 2005

COP15

COP11

COP16

11 2010 CANCÚN, MEXICO The Cancún Agreements formally established the Green Climate Fund within the UN framework. The fund’s goal is to help developing countries with financing for actions that adapt and mitigate the effects of climate change. Throughout subsequent COPs, though, progress was slow in getting the facility off the ground.

Powered by