Others saw Copenhagen as a success for achieving agreement on the long - term goals of the UNFCCC, new voluntary commitments from many developing countries, new levels of cooperation from China on verifying
its voluntary emissions reductions commitments, and promises to mobilize significant amounts of money for adaptation in developing countries.
Simultaneously the consensus science tells us that even if
voluntary emission reduction commitments are perfectly implemented (an optimistic scenario), warming is likely to reach 3 ˚C to 4 ˚C in the course of the century, and quite possibly much higher.
The Cancun agreements made no changes to the magnitude of
the voluntary emissions reductions commitments made pursuant to the Copenhagen Accord either for developed or developing countries.
Not exact matches
Sofidel Group (known in Italy mainly for its Regina brand) is re-launching its
commitment to the environment by broadening its agreement with WWF's Climate Savers, based on the
voluntary definition of substantial
reduction plans for carbon dioxide
emissions through the implementation of innovative strategies and technologies.
The Cancun meeting in fact made it more likely for the developed countries to shift from the Kyoto Protocol and its binding regime of
emission reduction commitments, to a
voluntary system in which each country only makes pledges on how much it will reduce its
emissions.
It includes, in addition to internal
reductions, a
commitment to financing external
emission reductions either through buying
voluntary market carbon credits or by funding activities directly.
As we have seen the Cancun agreements fail to modify the inadequate
voluntary commitments on ghg
emissions reductions made pursuant to the Copenhagen Accord.
In fact, the Copenhagen Accord and the Cancun agreements allowed each nation to identify its
emissions reduction commitment based upon
voluntary national considerations without regard to equity.
Members made a
voluntary but legally binding
commitment to meet greenhouse gas
emission reduction targets either by cutting
emissions or by buying
emissions permits sold by members.
As we have seen above, the
commitments made according to the Copenhagen Accord and Cancun agreements that have been ratified by the Cancun agreements leave at the very minimum a 5Gt gap between
emissions levels that will be achieved if there is full compliance with the
voluntary emissions reductions and what is necessary to prevent 2 °C rise, a warming amount that most scientists believe could cause very dangerous climate change.