Common use of Climate Change Clause in Contracts

Climate Change. 1. The Parties recognise the common global threat of climate change and the need to take action to cut emissions in order to stabilise greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. Within the scope of their respective competences, and without prejudice to discussions on climate change in other fora, such as the United Nations Framework Convention on Climate Change (UNFCCC), the Parties shall enhance cooperation in this field. Such cooperation shall aim at: a) combating climate change, with the overall goal of a rapid transition to low-carbon societies, through nationally appropriate mitigation and adaptation actions; b) advocating the efficient use of resources, inter alia through widespread use of best available and economically viable low carbon technologies and standards for mitigations and adaptation; c) exchanging expertise and information regarding benefits and architecture of trading schemes; d) enhancing public and private sector financing instruments, including market mechanisms and public private partnerships which could effectively support action to combat climate change; e) collaborating on low-carbon technology research, development, diffusion, deployment and transfer in order to mitigate greenhouse gas emissions while maintaining economic growth; f) exchanging experience and expertise, where appropriate, in monitoring and analysing greenhouse gases' effects and developing mitigation and adaptation programmes; g) supporting, where appropriate, mitigation and adaptation action of developing countries, including through the Flexible Mechanisms of the Kyoto Protocol. 2. To these ends, the Parties agree to intensify dialogue and cooperation at political, policy and technical levels.

Climate Change. 1. The Parties recognise the common global threat of climate change and the need to take action to cut emissions in order to stabilise greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. Within the scope of their respective competences, and without prejudice to discussions on climate change in other fora, such as the United Nations Framework Convention on Climate Change (UNFCCC), the Parties shall enhance cooperation in this field. Such cooperation shall aim at: (a) combating climate change, with the overall goal of a rapid transition to low-carbon societies, through nationally appropriate appro­ priate mitigation and adaptation actions; (b) advocating the efficient use of resources, inter alia through widespread use of best available and economically viable low carbon technologies and standards for mitigations and adaptation; (c) exchanging expertise and information regarding benefits and architecture of trading schemes; (d) enhancing public and private sector financing instruments, including market mechanisms and public private partnerships part­ nerships which could effectively support action to combat climate change; (e) collaborating on low-carbon technology research, developmentdevel­ opment, diffusion, deployment and transfer in order to mitigate greenhouse gas emissions while maintaining economic growth; (f) exchanging experience and expertise, where appropriate, in monitoring and analysing greenhouse gases' ’ effects and developing mitigation and adaptation programmes; (g) supporting, where appropriate, mitigation and adaptation action of developing countries, including through the Flexible Mechanisms of the Kyoto Protocol. 2. To these ends, the Parties agree to intensify dialogue and cooperation at political, policy and technical levels.