Recognizing that climate change represents an urgent and potentially irreversible threat to human societies and the planet and thus requires the widest possible cooperation by all countries, and their participation in an effective and appropriate international response, with a view to accelerating the reduction of global greenhouse gas emissions.
This is strong stuff “a potentially irreversible threat to the planet”… And the remedy….
54. Further decides that, in accordance with Article 9, paragraph 3, of the Agreement, developed countries intend to continue their existing collective mobilization goal through 2025 in the context of meaningful mitigation actions and transparency on implementation; prior to 2025 the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement shall set a new collective quantified goal from a floor of USD 100 billion per year, taking into account the needs and priorities of developing countries;
OECD GDP on a PPP basis was $47.5 trillion in 2013. $100 billion represents 0.2% of GDP. I have reached the conclusion, and I may be wrong, that the OCED has pulled off a diplomacy and propaganda coup wrong footing the UN, Greens and developing nations. Let’s face it, if OECD governments really believed there was a grave threat to the planet they would be throwing a Hell of a lot more than 0.2% of GDP at developing economies – at least I sincerely hope they would be. Hence I surmise that the OECD official summarisation is that the planetary risks are slight. Below the fold I have pulled out a few headlines of the agreement.
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