Groser hails market-based solutions in Paris climate agreement

Climate Change Issues Minister Tim Groser

A New Zealand-inspired Ministerial Declaration on carbon markets was launched by countries at the climate change conference in Paris.

The declaration signals countries' support for carbon markets as a tool in the ambitious global response to climate change, Climate Change Issues Minister Tim Groser says. 

Earlier, the Paris summit, after 13 days of intensive negotiations, reached an agreement among 195 countries to limit global warming to “well below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5°C."

Mr Groser says the declaration signals the importance of markets in implementing the agreement.

"New Zealand wants to ensure development of a strong and robust global carbon market that has environmental integrity," he says.

Already 18 countries have aligned with the declaration.

"Pledges tabled by more than 80 countries indicate they are open to engaging in the carbon market in some way," Mr Groser says.. 

“Countries, and investors, will have more confidence in the market if it is underpinned by robust standards. New Zealand is leading the way to bring interested countries together to work on these standards."

Mr Groser says while the Paris undertakings collectively won’t solve global warming in one hit, the agreement sets up a process for regular, five-yearly, updates.

“This sets the world on a clear pathway to a lower-carbon future. New Zealand’s 2030 target, to reduce emissions to 30% below 2005 levels, is a strong contribution to this global effort.”

Lower temperature rise goal
A major outcome of the summit, known as COP-21, is the lower target figure for average world temperature rise by the end of this century.

All countries will be required to report on "national inventories of emissions by source" and also to report on their mitigation efforts.

Professor James Renwick, Climate Scientist, School of Geography, Environment and Earth Sciences, Victoria University, says good outcomes include the call for transparency, continual ratcheting up of emissions targets and the provisions for climate finance.

"The review of a 1.5°C warming limit may come too late as we are well on the way to 1.5°C with present greenhouse gas levels. Staying below 2°C warming is a big ask, but this document provides a framework for action. Now we just need the action."

The developed countries shall undertake “economy-wide absolute emission reduction targets” but the targets remain voluntary and the required actions remain daunting, he says.

Benny Peiser, head of the Global Warming Policy  Forum, says the agreement is as predicted and allows nations to set their own voluntary carbon dioxide targets and policies without any legally binding caps or international oversight.

“In contrast to the Kyoto Protocol, the Paris deal removes all legal obligations for governments to cap or reduce CO2 emissions,” he says.

“This voluntary agreement also removes the mad rush into unrealistic decarbonisation policies that are both economically and politically unsustainable.”

The deal calls for wealthy economies such as the US and the European Union to shoulder more of the burden, including a pledge to channel at least $US100 billion a year to poor countries to help them respond to climate change.

New Zealand has already pledged $200 million for assistance to Pacific Islands nations.

The Paris agreement also requires action for the first time from developing nations, including large emitters such as China and India, to find ways to lower the trajectory of their emissions growth, even as they attempt to lift hundreds of millions of people out of poverty.

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17 Comments & Questions

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although the global warming madness occurs in spite of cooling temperatures, this agreement serves as a brilliant face saving exit strategy from the entire Marxist whacko sham.

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http://www.skepticalscience.com/global-cooling-intermediate.htm

FYI, vaccines don't cause autism either.

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The only amazing aspect of this farce is that 170 delegates managed to agree on something, but then again it gives the politicians the green light to harvest tax on behalf of the climate change hoax

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A cacophony of politicians looking for any angle to control and fleece the masses. Politcians that are the ilk of ex teachers, career politicians, currency traders et al, the like all of whom it would appear are won over by this nonsense, which they seem to accept as fact. (they need to study history more). Spare me. Nature will do as it pleases and mankind is its guest. A volcano or, two will soon sort this lot out

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I agree with you Paul, but if they didn't haver "climate change" for a "job", they would think up something else.
They have to.
These people are never going to work for living.
the gob smacking part of all this is, these "planet savers" believe they can defy Mother Nature and expect to be paid for it!!!

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This should be applauded not pilloried. A world consensus on anything is remarkable in itself, and if we can use this as a stepping stone to achieve greater environmental responsibility (whether it be climate change, forest/sea/species degradation etc) then that is fantastic. Better a glass half full attitude than sitting back throwing stones.

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Classic case of the emperor having no clothes. Empty vessels making the most noise leading gullible fools to part with their money.

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Take that Daesh

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Carbon markets are all about fraud.

You are trading a notional commodity that is of no direct use to anyone and can't be seen or measured accurately. It is an open invitation to fraud and that is what is happening all over the world.

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It beggars belief that anyone thinks a legislated carbon market is a legitimate market. And Minister Groser of all people knows about legitimate trade and markets. I imagine he is pleased he's heading away from the coalface of this nonsense.

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Am I the only person who does not understand what the physical impact will be if we buy carbon credits from other countries?Can someone please explain this intangible benefit? Excuse my ignorance.

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All that happens is: 1) The pollution is shifted from here to there 2) Al Gore and other fraudsters get richer from the trading. 3) The "planet savers" keep getting a living without working.
But you knew all that didn't you?
Tell me, someone please, What happened to the "hole in the ozone layer"? And what happened to the "bird flu pan demic"? Am I missing something?

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There will be absolutely no effect whatsoever on the sun, the earth's distance from it, planetary temperatures, the ice caps, sea rises (or not) and or polar bear population. The madness of global warming / cooling / scamming will carry on.

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Get real. So what if climate change turns out to be an unlikely hoax. The downside is we end up with a cleaner world for our grandkids. Not a bad result.

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Michael, Western cities have been getting cleaner for decades, so have many waterways. Way cleaner. Fish weren't seen in the Thames for most of last century but are there now

This is because the focus has been on reducing real pollution. Which is a different, desirable and attainable programme compared to the declaration of a natural atmospheric element such as carbon as planet public enemy No 1. Along with the insistence that the climate, as an open-ended chaotic system, can be modelled well enough to responsibly inform public policy and international agreements.

So be at peace, your grandkids future will more likely than less likely be cleaner than what we enjoy now

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So what if climate change turns out to be a hoax. The end result is that we have millions of people staying in abject poverty due to increase energy costs (and proper poverty too - none of that "can't afford Sky Movies" relative poverty). We'll also make sure that large number of people die of hunger as we encourage the further use of food to be converted into fuel. The world will be poorer for our kids than it would otherwise be. And well off people will be better off as we'll be paying subsidies to them.

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Yo Michael
Actually a very bad result as your extremely richer grandkids are being looked after at the expense of the poor people now who have to continue to suffer under these policies

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