Cancun Agreements (Long-term Cooperative Action Track)

The Long-term Cooperative Action (LCA) Track of the Cancun Agreements recognizes that climate change presents an urgent and potentially irreversible threat to human societies and the planet, thus requiring an urgent response from all parties. It nevertheless also recognizes that the warming of the climate system is very likely due to the observed increase in anthropogenic greenhouse gas (GHG) concentrations. Thus, deep cuts in GHG emissions are required to hold the increase in global average temperature below 2℃ above pre-industrial levels. The LCA Agreements decide to establish the Cancun Adaptation Framework to enhance adaptation and invite all parties to take action under the framework, taking into account their common but differentiated responsibilities. It also establishes an Adaptation Committee to promote the implementation of enhanced action on adaptation in a coherent manner. On the other hand, developed countries are requested to provide developing countries with long-term scaled-up, predictable, new and additional finance, technology, and capacity building to implement urgent, short-, medium- and long-term adaptation actions. It establishes a Technology Mechanism, consisting of the Technology Executive Committee and the Climate Technology Centre Network. It further establishes the Green Climate Fund to be designated as an operating entity of the financial mechanism for the United Nations Framework Convention on Climate Change.