COP21: compensation and support for developing nations
In Short
COP21 must acknowledge the historical CO2 emissions of the wealthiest countries.
A Few Details
For developed nations, COP21 signifies a commitment to reducing national GHG emissions, with pledges to enforce stricter environmental regulations by 2030 or later. The full phase-out of fossil fuels is aimed for 2050, though these commitments will only be credible if short-term targets are successfully achieved.
For developing nations, COP21 offers assurances of financial compensation and technology transfers, enabling them to advance their economies without depending on coal reserves.
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