According to Paris Agreement, countries need to revisit their climate pledges by 2020. However, China and Brazil opposed placing any obligation on countries to submit enhanced pledges next year, arguing it should be each country’s own decision. Small island countries supported by EU countries insisted on inclusion of a clear call for enhanced ambition in 2020.
Despite of disagreements, 80 countries have already confirmed their plans to enhance their climate pledges next year. The EU agreed to a “climate neutral” target for 2050, joining 73 countries who have signed up to a similar goal.
Conference was supposed to approve a set of new rules governing the global carbon market (which previously were planned to be agreed on last year during COP24). Because of many disagreements, including those related to double counting of emissions reductions and trading of Kyoto-era credits, the negotiations deadlocked and were again postponed. At the same time, group of 31 countries led by Costa Rica, suggested the ‘San Jose principles’, a set of minimum standards for ensuring the integrity of the global carbon market
