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UN Climate Summit concludes
December 18 , 2019
1807 days
1124
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- The longest climate talks in the history of United Nations that was held in Madrid, Spain, ended.
- The key issues that was aimed to get resolved the regulation of carbon market.
- Carbon market puts prices on carbon dioxide emission.
- The summit failed to reach an agreement on the implementation of Paris Agreement.
- The United Nations Environment Programme released
- Emission Gap Report at the summit
- It warns that the Earth’s average temperature may rise by 3.2 degrees Celsius by 2100.
- The report of Global Carbon Project (GCP)
- GCP established in 2001 seeks to quantify global carbon emissions and their causes.
- Emission Gap Report at the summit
- The Presidency of the summit, Chile (though summit was held at Madrid, Spain), launched the Climate Ambition Alliance (CAA).
- The CAA will focus on Nationally Determined Contributions in order to achieve Net Zero by 2050.
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