Name: COP25 climate change meeting: one step forward, two steps back
Brand: Wood Mackenzie
SKU: 122183
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Inform 16 December 2019

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The COP25 climate change meeting in Madrid ended on 15 December, two days later than scheduled, making it the longest United Nations climate talks on record. Nearly 200 countries and delegates gathered to finalise the 2015 Paris Agreement, which is to keep the rise in average global temperature under 2 °C pre-industrial levels or lower. However, the UNFCCC has called the outcome of the COP25 meeting “disappointing”. It is hoping that COP26 in Glasgow in November 2020 will be able to make up the lost ground to fully implement the Paris Agreement.</div>
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        Climate ambition: 73 nations including the EU aim for net zero by 2050, no word from the US, China and India
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<li class="list__item-toggle font-semibold">
        Carbon markets: technical issues of Article 6 discussed, but no agreement reached
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<li class="list__item-toggle font-semibold">
        Climate finance: ‘equity’ argument raised again, but developed nations fail to commit
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<li class="list__item-toggle font-semibold">
        Challenges for COP26
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        Implications for the Paris Agreement: lack of consensus delays action but could spur solo efforts
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<p class="font-regular" >COP25 climate change meeting: one step forward, two steps back</p>
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