Fine wine is an agricultural product with characteristics that make it especially sensitive to a changing climate. The quality and quantity of wine, and thus prices and revenues, are extremely sensitive to the weather where the grapes were grown. Depending on weather conditions, the prices for wines produced by the same winemaker from fruit grown on the same plot of land can vary by a factor of 20 or more from year to year.
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The Paris Agreement, held from 30 November to 12 December 2015, has been hailed as a "historic turning point" in the battle against global climate change. Consequently, dialogue surrounding greenhouse gas emissions, particularly around political and economic compliance.
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by Robert N. Stavins
In late November and early December of last year, some 195 national delegations met in Durban, South Africa, for the 17th Conference of the Parties (COP-17) of the United Nations Framework Convention on Climate Change (UNFCCC), the latest in a series of international negotiations intended to address the threat of global climate change due to increased concentrations of carbon dioxide and other greenhouse gases (GHSs) in the atmosphere, largely a consequence of the worldwide combustion of fossil fuels, as well as ongoing deforestation.
Any assessment of the Durban climate negotiations needs to take note of the three major outcomes from the negotiations: (1) elaboration on several components of the Cancun Agreements; (2) a second five-year commitment period for the Kyoto Protocol; and (3) a non-binding agreement to reach an agreement by 2015 that will bring all countries under the same legal regime by 2020. This package–in total–represents something of a “half-full glass of water,” that is, an outcome that can be judged successful or not, depending upon one’s perspective.
But an unambiguous outcome of the Durban talks is the fact that third element–the “Durban Platform for Enhanced Action”–has opened an important window. To explain why I say this requires a brief review of some key points from twenty years of history of international climate negotiations.
The Rio Earth Summit (1992)
The UN Framework Convention on Climate Change, adopted at the UN Conference on Environment and Development (the first “Earth Summit”) in Rio de Janeiro, Brazil, in 1992, contains what was to become a crucial passage. The first “principle” in Article 3 of the Convention reads as follows: “The Parties should protect the climate system for the benefit of present and future generations of humankind, on the basis of equity and in accordance with their common but differentiated responsibilities and respective capabilities. Accordingly, the developed country Parties should take the lead in combating climate change and the adverse effects thereof.” The countries considered to be “developed country Parties” were listed in an appendix to the 1992 Convention – Annex I.
The phrase–common but differentiated responsibilities–has been repeated countless numbers of times since 1992, but what does it really mean? The official answer was provided three years after the Earth Summit by the first decision adopted by the first Conference of the Parties (COP-1) of the U.N. Framework Convention, in Berlin, Germany, April 7, 1995–the Berlin Mandate.
The Berlin Mandate (1995)
The Berlin Mandate interpreted the principle of “common but differentiated responsibilities” as: (1) launching a process to commit (by 1997) the Annex I countries to quantified greenhouse gas emissions reductions within specified time periods (targets and timetables); and (2) stating unambiguously that the process should “not introduce any new commitments for Parties not included in Annex I.”
Thus, the Berlin Mandate established the dichotomous distinction whereby the Annex I countries are to take on emissions-reductions responsibilities, and the non-Annex I countries are to have no such responsibilities whatsoever.
The Kyot