BUSINESS

ENIVORNMENT
Submitted to: Prof Aditya Khandwe

Name: Rinki Kumari

MMS I Division: B
Roll No. :2021108
The Copenhagen Summit, also known as the 2009 United Nations Climate Change
Conference, took place from December 7 and 18, 2009, at the Bella Centre in
Copenhagen, Denmark. The conference featured both the 5th session of the Conference of the
Parties (CMP-5) serving as the meeting of the Parties to the Kyoto Protocol and the 15th
session of the Conference of the Parties (COP-15) to the United Nations Framework
Convention on Climate Change (UNFCCC).
There was significant agreement among governments on a variety of key points in
the Copenhagen Accord. This included the long-term objective of capping the maximum
increase in the average global temperature at 2 degrees Celsius above pre-industrial levels,
subject to revision in 2015. Additionally, it mentions the need to take into account keeping
temperature increases below 1.5 degrees, which was a crucial demand expressed by
vulnerable developing nations.
COP 15 - Copenhagen Accord
 The CoP 15 in Copenhagen failed to reach a legally binding agreement and this was
mostly caused by disagreements between developing and developed countries.
 As a result, the conference came to an end with the CoP noting the Copenhagen
Accord (a five-nation agreement that includes the US and BASIC).
 The Copenhagen Accord is a non-binding agreement. According to the Accord,
significant international emissions reductions are required to keep the rise in global
temperature under two degrees Celsius.
 The Accord commits developed nations to reduce their greenhouse gas emissions by a
certain percentage by the year 2020.
COP 15 - Key Highlights
 Climate change policy was elevated to the highest political level at the Copenhagen
Climate Change Conference.
 The high-level segment featured nearly 115 world leaders, making it one of the
biggest gatherings of world leaders ever held outside the UN's New York
headquarters.
 More than 40,000 applicants those representing governments, NGOs,
intergovernmental agencies, houses of worship, the media, and UN organizations had
also applied for the accreditation.
 It made great progress in the negotiations on the framework required for efficient
international collaboration on climate change, including enhancements to the Kyoto
Protocol's Clean Development Mechanism.
 Significant strides were achieved in reducing possibilities and making clear the
decisions that must be made on crucial subjects later in the negotiations.
 It resulted in the Copenhagen Accord, which made it plain that political action was
intended to limit carbon emissions and address climate change in the short and long
terms.