December 14, 2020

Paris Agreement Switzerland

Filed under: Uncategorized — dpk3000 @ 9:08 am

Switzerland has reached an agreement with Peru on the compensation of CO2 emissions, which, according to both nations, is the first such agreement under Article 6 of the Paris Agreement. The Paris Agreement stipulates that the 55 countries responsible for 55% of global emissions must ratify the agreement for it to enter into force. This quorum was reached on 5 October 2016 and the first conference of the parties, which served as a meeting of the parties to the Paris Agreement, was held in Marrakech in November 2016. Switzerland ratified the Paris Agreement on October 6, 2017. It has therefore committed to achieving an emissions reduction target of less than 50% by 2030 compared to 1990, including partial emission reductions abroad. In addition, Switzerland has set an indicative overall reduction target of minus 70 to 85 per cent by 2050 compared to 1990, even if emissions are partially counted abroad. Under President Trump, the United States announced that it would withdraw from the Paris Agreement at the end of 2019. This announcement has yet to be formalized and the United States remains party to the agreement for the time being. At the climate change conference in Paris at the end of 2015, a new climate agreement was adopted, requiring all states to reduce their greenhouse gas emissions for the first time.

The distinction that has existed so far between developed and developing countries is thus largely removed. The agreement gives the Swiss government the option of transferring retirement rights from compensation to local government or private companies based in Switzerland. The partnership will stimulate private sector investment in Ghana`s national energy access program (NCEP) and complement Ghana`s national contributions to the Paris Agreement. NCEP will benefit up to five million homes through technologies such as improved stoves and solar photovoltaic installations. Ghana is also considering other projects under the agreement. Environment Minister Simonetta Sommaruga and her Peruvian counterpart Kirla Echegaray Alfaro will sign the agreement in a video conference on October 20. It still needs to be approved by Parliament. This agreement will open the doors to commercial projects and allow national companies to promote the fight against climate change. This cooperative approach adopted by Ghana and Switzerland is already paving the way for other countries to explore innovative climate finance solutions, in accordance with Article 6 of the Paris Agreement. UNDP Administrator Achim Steiner said: “We are proud to facilitate dialogue between Switzerland and Ghana, build confidence in the process on both sides and offer technical assistance to its implementation.

We hope that this bilateral agreement will enable Ghana`s National Clean Energy Access Program (NCEP) to achieve its goals by reducing greenhouse gas emissions by up to 2 million tonnes, enabling millions of people to access energy and turning to a green recovery.┬áThe agreement is the first of its kind to involve an African nation, with Peru being the first country to sign a similar agreement at the end of October. Gilles Dufrasne, policy officer at Carbon Market Watch, said the agreement had “several good elements” and established principles that “could provide a basis for the ongoing Article 6 negotiations.” In October 2020, Switzerland and Peru signed an issue loan agreement in which Switzerland will finance emission reduction projects to contribute to sustainable development in Peru, while emission reductions for Swiss NDCs would count. To ensure the integrity of the environment, Peru and Switzerland should apply robust accounting systems so that reductions are accounted for only once.