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Economists and Climate Change: Consensus and Open Questions
Economists and Climate Change: Consensus and Open Questions

... the 144 top economists who responded to our questionnaire believe that global warming poses serious threats to our economy and that reducing our greenhouse gas emissions can help reduce the risks of major economic malfunction. The consensus among these experts has long been understood in academic ci ...
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United Nations Framework Convention on Climate Change



The United Nations Framework Convention on Climate Change (UNFCCC) is an international environmental treaty (currently the only international climate policy venue with broad legitimacy, due in part to its virtually universal membership) negotiated at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from 3 to 14 June 1992. The objective of the treaty is to ""stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system"".The treaty itself set no binding limits on greenhouse gas emissions for individual countries and contains no enforcement mechanisms. In that sense, the treaty is considered legally non-binding. Instead, the treaty provides a framework for negotiating specific international treaties (called ""protocols"") that may set binding limits on greenhouse gases.The UNFCCC was adopted on 9 May 1992, and opened for signature on 4 June 1992, after an Intergovernmental Negotiating Committee produced the text of the Framework Convention as a report following its meeting in New York from 30 April to 9 May 1992. It entered into force on 21 March 1994. As of March 2014, UNFCCC has 196 parties.The parties to the convention have met annually from 1995 in Conferences of the Parties (COP) to assess progress in dealing with climate change. In 1997, the Kyoto Protocol was concluded and established legally binding obligations for developed countries to reduce their greenhouse gas emissions. The 2010 Cancún agreements state that future global warming should be limited to below 2.0 °C (3.6 °F) relative to the pre-industrial level. The 20th COP took place in Peru in 2014.One of the first tasks set by the UNFCCC was for signatory nations to establish national greenhouse gas inventories of greenhouse gas (GHG) emissions and removals, which were used to create the 1990 benchmark levels for accession of Annex I countries to the Kyoto Protocol and for the commitment of those countries to GHG reductions. Updated inventories must be regularly submitted by Annex I countries.The UNFCCC is also the name of the United Nations Secretariat charged with supporting the operation of the Convention, with offices in Haus Carstanjen, and UN Campus [known as: Langer Eugen] Bonn, Germany. From 2006 to 2010 the head of the secretariat was Yvo de Boer. On 17 May 2010, Christiana Figueres from Costa Rica succeeded de Boer. The Secretariat, augmented through the parallel efforts of the Intergovernmental Panel on Climate Change (IPCC), aims to gain consensus through meetings and the discussion of various strategies.
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