Major Economies Forum on Energy and Climate Discusses Advancing Agreement at COP 16
1 July 2010: The seventh Meeting at the Leaders' representative level of the Major Economies Forum on Energy and Climate took place in Rome, Italy, from 30 June-1 July 2010.
The meeting was attended by representatives from the 17 major economies, UN officials, and representatives from Bangladesh, Denmark, Barbados, Ethiopia, Singapore and the United Arab Emirates. Participants discussed various issues related to the international climate change negotiations and, according to the Chair's Summary, they emphasized the importance of quickly implementing the Copenhagen Accord's fast-start financing provisions, highlighting that maximum clarity and transparency will build international confidence and be an essential part of a balanced outcome of the 16th session of the Conference of the Parties to the UNFCCC (COP 16) to be held Cancun, Mexico, in late 2010.
Participants exchanged ideas on Annex I Parties mitigation and support. They also addressed non-Annex I Parties mitigation, highlighting that it should be party-driven, non-politicized, have a "multilateral anchor" and be based on national communications. Participants discussed whether the targets and actions included in the Copenhagen Accord may be reflected in a future outcome and whether such outcome will be legally binding and contained in a single instrument or two. Extensive discussion focused on progress on measuring, reporting and verification (MRV) at COP 16 with regard to: Annex I Parties mitigation; financial and technological support of non-Annex I Parties mitigation; and non-Annex I Parties mitigation. Participants also emphasized the need to focus adaptation efforts on vulnerable countries.
Follow-up meetings were also announced, including: a Clean Energy Ministerial meeting to be held from 19-20 July 2010, in Washington, DC, US, to follow up on the Technology Action Plans of the Global Partnership launched by G-8 leaders in L'Aquila, Italy, in 2009; and a ministerial meeting on technology to be co-hosted by Mexico and India from 8-9 November 2010. [Co-Chair's Summary] [Major Economies Forum website]