“There is no binding power. There is no guarantee [to the implementation]. If the country does not comply with the agreement, nothing will happen. Another weakness is that the NDC [nationally determined contributions] – the carbon emission reduction target is based on production, not on consumption,” Chung, one of the key speakers at the Eastern Economic Forum (EEF), which took place in Russia’s Far Eastern city of Vladivostok this week, said. He noted that the European success story about reducing emissions is all about the initial reduction. “Actually, it is not an emission reduction, it is just a carbon leakage from Europe to China. The carbon emission has been leaked from Europe to China and to [South] Korea. It is a consequence of the industrial restructuring, it is not the change of lifestyle. This means that the current Paris climate agreement based on production emission is misleading,” he said. So if only production-based emissions are counted in climate targets, developing countries will have a difficult time meeting these targets, Chung, who served as an ambassador for Climate Change of South Korea and was a longtime chief advisor on climate change to UN Secretary-General Ban Ki-moon, said. “The European developed countries… Read full this story
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