But the negative consequences of actually exiting, rather than just coming up short on
voluntary emissions reduction targets, would be extensive and costly.
South Afrrica, despite being a non-Annex 1 country, has acknowledged its status as the highest ghg emitter on the African continent and announced
a voluntary emissions reduction target, the objective of which is to make a «fair contribution'to keep global concentrations within the range required to keep within the 2 degree C warming limit.
Not exact matches
And while Obama called the 18 December deal he brokered an «unprecedented breakthrough» in getting developing countries to agree for the first time to
voluntary reductions in greenhouse - gas
emissions, he knew that it was missing major components that supporters had sought, ranging from mandatory mitigation
targets to deforestation.
Once you have reduced as much as possible, if there's a gap between that and your science - based
target, there is a role for the
voluntary purchase of
emissions reductions elsewhere.»
«We look forward to stakeholder feedback and ultimately to providing this new tool to encourage high - quality
emission reductions from nested REDD + projects
targeting both
voluntary and emerging compliance markets.»
•
Emissions Reductions: The Copenhagen Accord provides for countries to voluntarily commit to GHG mitigation plans in two separate annexes, one for developed country
targets and the other for the
voluntary pledges of major developing countries.
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.
(O'Neill 1989, 224) In the case of national and sub-national
emissions targets, this would entail
voluntary emissions reductions beyond legal restrictions on occasions when legal frameworks prescribe goals inadequate for distributive and retributive justice criteria.
The shift from binding and long term
emissions targets to
voluntary Intended Nationally Determined Contributions (INDCs) made inevitable the second historic shift in international climate mitigation efforts, which is the formal and explicit recognition that we do not, in fact, have all the technology we need to achieve deep
reductions in
emissions.
According to data by CDP, 80 % of the largest global companies already have
voluntary emission reduction or energy
targets of some form.