COP 21 is the 21st Conference of the Parties, the annual meeting of all countries wanting to take action on climate change, also referred to as the United Nations Climate Change Conference. This will be the 21st meeting since the 1992 United Nations Framework Convention on Climate Change (UNFCCC), and the 11th since the 1997 Kyoto agreement. COP 21 will be held in Paris in December this year.
It is expected to attract 50,000 participants, over half of which will be official delegates from government organisations, UN agencies and NGOs.
The stakes are high: COP21 aims to achieve a legally binding, sustainable and universal agreement on climate change, with the aim of keeping global warming below 2°C (we are already approaching 1°C). This will require concerted efforts to reduce greenhouse gas and carbon emissions, and our ability to adapt to the effects of pre-existing climate changes.
A short history of COP
The 1992 Rio Earth Summit saw the framework for climate change response being formed (UNFCCC). The first COP took place in Berlin in 1995 to review that framework.
- 1995 COP 1 Berlin, Germany
- 1996 COP 2 Geneva, Switzerland
- 1997 COP3 Kyoto, Japan. Kyoto Protocol adopted
- 1998 COP 4 Buenos Aires, Argentina
- 1999 COP 5 Berlin, Germany
- 2000 COP 6 The Hague, The Netherlands
- 2001 COP 7 Marrakech, Morocco
- 2002 COP 8 New Dehli, India. Russia and Canada ratify Kyoto Protocol
- 2003 COP 9 Milan, Italy
- 2004 COP 10 Buenos Aires, Argentina
- 2005 COP 11 Montreal, Canada
- 2006 COP 12 Nairobi, Kenya
- 2007 COP 13 Bali, Indonesia
- 2008 COP 14 Ponzan, Poland
- 2009 COP 15 Copenhagen, Denmark. Copenhagen Accord for emission reduction pledges
- 2010 COP 16 Cancun, Mexico
- 2011 COP 17 Durban, South Africa. Creation of the Green Climate Fund
- 2012 COP 18 Doha, Qatar
- 2013 COP 19 Warsaw, Poland
- 2014 COP 20 Lima, Peru
- 2015 COP 21 Paris, France
COP21 may well be the most important meeting on climate change ever.
Read on to find out how PAL’s carbon pricing solution could enable the UN to finally agree a deal on a global carbon price, being discussed at COP 21 in Paris in December.
Author: Edward Coe
Edward Coe is Managing Director and co-founder of PAL. He has extensive experience of systems development and implementation for advanced derivative trading systems utilising a broad range of technologies supporting in house, bespoke and third party software. Edward developed the software behind PAL Carbon.