Skip to content
Tuesday 11 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,862.50
-0.35%
DAX
26,323.88
0.00%
CAC 40
8,726.03
0.00%
STOXX 50
6,535.62
0.00%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Sunday 14 December 2014 5:28 am  |  Updated:  Friday 07 June 2019 7:38 pm

UN members reach climate change deal after last-minute compromise

By: Joe Hall

Add as a preferred source on Google

United Nations member have come to an agreement on how to tackle climate change, after slow negotiations at the Lima Call for Climate Action ran almost two days over time.
 
For the first time every country will be committed to drawing up a national pledge to cut greenhouse gas emissions, yet the deal has been accused of being weakened by a series of compromises.
 
All of the 194 countries represented in Lima agreed on a course of action that it is hoped will lead to a global climate treaty at a summit in Paris next year.
 
Each country’s emissions reductions targets will be reviewed by the UN next year, who will determine whether enough was being done to limit global warming to 2C above pre-industrial levels.
 
The agreement was adopted on Sunday just hours after a previous draft had been rejected. The final draft softened the language on national pledges, swapping “shall” for “may” on guidelines on countries providing quantifiable information on how they intend to meet targets within their pledges.
 
Manuel Pulgar-Vidal, Peru’s environment minister and chair of the talks, said: “I think this is good, and I think this moves us forward.”
 
Strains in talks were caused by disagreements on how much of the burden in reducing emissions should be carried by wealthy nations.
 
After a US-China pact on cutting emissions was revealed last month, it had been hoped talks would not be dogged by the same conflict between developing and wealthy nations that have hindered talks for the last 20 years.
 
However in a sign of the challenges to come, China and other developing nations insisted in Lima that the deal should better reflect the financial challenges they will face by reducing emissions.
 
The final agreement included a “loss and damage” scheme to help poorer countries more vulnerable to the impact of climate change.
 
Before an agreement was reached, US climate envoy Todd Stern warned of stalling progress.
 
Stern said:
 
Failing to produce the decision before us will be seen as a major breakdown, and will deal a serious blow to the confidence of the parties and others as we approach Paris. And indeed to the hope of a Paris agreement.
 
The UK is one of the best countries in the world at fighting the effects of climate change, according to the latest climate change performance index.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Climate change

Trending Articles

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Hargreaves Lansdown orders staff back to office

  • As it happened: Intel, Arm shares slide; Oil climbs higher

  • Thames Water faces fresh threat to survival after pensions regulation breach

More from Morning Wire

  • Meet the new energy minister who believes lower growth is “good news”

    Opinion
    Katie White, a woman with curly blonde hair, smiling in a navy blazer and white collared shirt against a dark background.
  • Gatwick expansion green-lit as court throws out activists’ appeal

    Transport & Infrastructure
    20m passengers have flown through Gatwick this year
  • Scottish Government Selects Planet for AI-Enabled Monitoring to Support Sustainable Agricultural Reform

    Business Wire
  • Promega Achieves 100% Renewable Electricity Across Global Operations

    Business Wire
  • Miliband refused to meet motor trade body to discuss zero emissions mandate

    Transport & Infrastructure
    Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.
  • From Mongolian camels to Tibetan verbs: the absurdity Ed Miliband’s aid spending plans

    Opinion
    Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.
  • Government to inject millions into electric vehicle firms despite mandate backlash

    Politics
    Car bodies on an assembly line in a UK car plant, showcasing EV manufacturing process
  • Arch Construction Risk Report Reveals Top Challenges Facing Sector Amid Rising Volatility

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook