COP23 and business

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Introduction

The United Nations Framework Convention on Climate Change (UNFCC) is an international environmental treaty which is comprised of 197 parties around the globe. Entering force in 1994, the objective of the UNFCC is to stabilise atmospheric greenhouse gas concentrations at a level that would avert anthropogenic interference with the climate system. Since its formation, the UNFCC has launched multiple negotiations through the Conference of Parties (COP) to strengthen the global response to climate change.

The COP is an annual conference held in the framework of the UNFCCC. The purpose of the formal meetings is to assess the progress made by each party in dealing with emission reduction and climate change mitigation. One of the most notable developments from COP was the adoption of the Kyoto Protocol in 1997. Entering force in 2005, the Kyoto Protocol legally binds developed country parties to reduce greenhouse gas (GHG) emissions. With the second commitment period of the Kyoto protocol ending in 2020, the Conference has held negotiations to introduce new measures to reduce GHG emissions. As a result, the Paris Agreement was adopted through COP 21 in 2015 as a separate instrument for GHG mitigation and adaptation under the UNFCCC. As of August 2017, 195 UNFCC members have signed the Paris agreement, 158 of which have ratified it.

COP 23 will be held in Bonn, Germany from 6 to 17 November this year, convened under the Presidency of Fiji. The Conference will host sessions to serve as the meeting of the parties to advance the aims and ambitions of the Paris agreement. It is important to ensure that the momentum on the implementation of the Paris agreement is prevalent among all Parties. COP 23 will focus on developing guidelines to clarify how the agreements provisions will be implemented across an extensive area of issues including transparency, adaptation, emission reductions, provision of finance, capacity-building and technology. The aim is to advance progress across these areas to ensure that the guidelines are completed by COP 24 in 2018.


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Podcasts

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15 October 2017 – Andrew Petersen

19 October 2017 – Howard Bamsey

23 October 2017 – John O’Brien

26 October 2017 – Rasmus Valanko

30 October 2017 – Caroline Lambert

Schedule

  • Thursday, 2 November 2017: TBC

Business and COP23

SBA

World Business Council for Sustainable Development


Background


News


Why is the Fiji meeting in Bonn?

Fiji will be presiding over the COP as the Presidency, the UNFCCC Secretariat will be hosting COP23 at its headquarters in Bonn, which the generous support of the German Government and the City of Bonn. The UN Climate Change Conference will take place on 6-17 November 2017.” (Source: United Nations)


Updated: 26 October 2017