The European Union welcomed the outcome of the Doha Climate Conference that promotes international action against climate change, paves the way for a new global climate agreement to be finalized in 2015 and enables a second period of the Kyoto Protocol to start on 1 January 2013. The conference took place between 26 November and 8 December in Doha, Qatar.
As Connie Hedegaard, European Commissioner for Climate Action, stated: "In Doha, we have crossed the bridge from the old climate regime to the new system. We are now on our way to the 2015 global deal. It was not an easy and comfortable ride. It was not a very fast ride either. But we have managed to cross the bridge. Very intense negotiations lie ahead of us. What we need now is more ambition and more speed."
During the conference, the workplan for the implementation of the Durban Platform was agreed. The Durban Platform has two main targets: to draw up a new global climate agreement with all countries, to be adopted in 2015, and to identify ways to achieve more ambitious global emission reductions for 2020 in order to close the gap between current emission pledges and what is needed to hold global warming below 2°C.
EU is the world's leading provider of official development assistance and climate finance to developing countries. In particular, it will provide the full €7.2 billion it has pledged in 'fast start' finance for the period 2010-12, while several EU Member States and other developed countries have announced specific finance pledges for 2013 and in some cases up to 2015.
In addition, the establishment of institutional arrangements, such as an international mechanism, to address loss and damage associated with the impacts of climate change in particularly vulnerable developing countries was agreed.
Finally, the conference decided on the amendments of rules for the second period of the Kyoto Protocol starting on 1 January 2013 and running for eight years. As a result, EU has taken on an emissions reduction commitment in line with its domestic target of cutting emissions by 20% of 1990 levels by 2020 leaving room for a possible reduction up to 30% and agreed to put a limit on purchases of surplus emission budgets ('AAUs').