Tuesday, May 24, 2022
The Green Market Oracle
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Wildfires
    • Extreme Weather
  • Energy
    • Fossil Fuels
    • Renewables
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Social Change
    • Activism
    • Disinformation
    • Education
    • Psychology
    • Gender Equality
  • Business and Economics
    • Leadership
    • Decarbonization
    • Economics
    • Supply Chains
    • Investing
  • Technology
    • Carbon Removal
    • Carbon Capture
    • Transportation
    • Buildings
    • Food
No Result
View All Result
The Green Market Oracle
No Result
View All Result
Home Other

The Importance of INDCs on the Road to COP 21

by Richard Matthews
April 7, 2015
in Other
0

The Intended Nationally Determined Contribution, or “INDC,” is a post 2020 national plan for action on climate change. Each country has already submitted or will soon submit its INDC in advance of the U.N. Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP21) in Paris scheduled for December 2015.

The informal deadline for INDC submission was March 31 although many nations extend this deadline. The European Union, the United States, Russia and Mexico have already submitted their INDCs while others are expected to communicate their INDCs prior to the June 2015 UNFCCC session in Bonn, Germany.


An INDC can involve such things as domestic emissions reduction as well as related efforts to either combat climate change or adapt to it anywhere in the world. An INDC target should be both ambitious and transparent. It should clearly indicate the amount of reduction and the specific pathways by which this will be achieved.

Countries determine INDCs and concordant national policies based on their priorities, circumstances and capabilities. INDC’s will differ depending on the amount of carbon produced. This will also include historic emissions. The more carbon produced the greater the emissions reduction effort. Consistent with this thinking developing nations are not expected to cut as deeply as developed nations. One formula proposes that developing use intensity emissions reduction targets that is tied to their GDP growth.

All INDCs submitted by October 1st will be included in a synthesis report by the UNFCCC Secretariat that will be released by November 1st. Together these INDCs will generate an aggregate number. Countries as a whole will then include these INDCs as part of the agreement to be signed at COP 21 in Paris. Once inscribed in the agreement, the INDC becomes a final, nationally determined contribution (NDC).

INDCs are crucial because they will determine the success or failure of COP 21. If we succeed we will secure an ambitious 2015 agreement that will put the world on a path toward a low-carbon, climate-resilient future. If we fail we risk running out of time to get emissions under control before we surpass irreversible tipping points.

ShareTweetShare
Previous Post

Small Business Owners Support Action on Climate and Energy

Next Post

Energy East Concerns In Ontario and National Action

Related Posts

Seasons Greetings from the Green Market Oracle

by Richard Matthews
December 24, 2021
0

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Environmental Plebiscites: Municipal Referendums and State Ballot Initiatives

by Richard Matthews
November 12, 2020
0

The November 3rd election not only elected an environmentally responsible president it also gave Americans a chance to vote on environmental issues in five state ballots and two city referendums. Americans ...

Next Post

Energy East Concerns In Ontario and National Action

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Economics

Defining Sustainable Economic Systems – Development vs Growth

by Richard Matthews
April 20, 2022
0

Prevailing economic systems are not working and it is becoming increasingly clear that we require a paradigm shift to address...

Read more
List of private equity firms and investment funds that focus on on sustainable development goals: Climate action, clean energy, sustainable cities and communities, quality education, innovation and infrastructure, life below water, and life on land.

List of the Top Sustainability Focused Private Equity Firms

March 21, 2022
russia's invasion of ukraine from the perspective of climate and energy

Russia’s War From a Climate Perspective

March 14, 2022
Private Equity Firms Are Paving the Way to a More Sustainable Future

Private Equity Firms Are Paving the Way to a More Sustainable Future 

February 21, 2022
sustainably invested cash money

Top 12 Green Private Equity Firms

February 7, 2022
  • About
  • Climate Change
  • Energy
  • Business and Economics
  • Politics
  • Technology
  • Social Change
  • Events
  • Other

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business and Economics
    • Leadership
    • Supply Chains
  • Economics
  • Energy
    • Fossil Fuels
    • Renewables
  • Climate Change
    • Greenhouse Gas Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Food
    • Transportation
  • Social Change
    • Education
    • Activism
    • Psychology

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In