PARIS: A draft text of climate deal being presented to ministers at COP21 Summit taking place in Paris. Final draft of Paris climate text will be a ‘Historic turning-point’ if adopted, according to COP21 president – Laureny Fabius. He also said the text is the best balance possible with 100 billion dollar financing for developing countries by 2020. He also said that climate deal will limit warming to well below two degrees centigrade. Text set 5-year reviews of plans for curbing warming.
Ban Ki Moon , UN Secretary General said the world is watching and people are relying on the wisdom of the ministers to come to a reliable conclusion. According to him, ‘the end is in siight, let us now finish the job.’
WHAT IS COP21
France chairs and host the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21/CMP11), from 30 November to 11 DECEMBER. The conference is crucial because the expected outcome is a new international agreement on climate change, applicable to all, to keep global warming below 2 degree centigrade.