Common use of Climate Change Clause in Contracts

Climate Change. 1. The Parties recognise the common global threat of climate change and the need for all countries 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 in other fora, such as the UN Framework Convention on Climate Change (UNFCCC), the Parties shall enhance cooperation in this field. Such cooperation shall aim at but not be limited to: (a) combating climate change with the overall goal of a stabilisation of atmospheric greenhouse gas concentrations, taking into account the latest scientific information and the need for a transition to low emission economies while continuing sustainable economic growth through nationally appropriate mitigation and adaptation actions; (b) exchanging expertise and information regarding the design, implementation and evolution of their respective domestic mitigation policies and approaches, including market-based mechanisms where relevant; (c) exchanging expertise and information on public and private sector financing instruments for climate action; (d) collaborating on low emission technology research, development, diffusion, deployment and transfer in order to mitigate greenhouse gas emissions, and advocating the efficient use of resources, while maintaining economic growth; (e) exchanging experience, expertise and best practices, where appropriate, in monitoring and analysing the effects of greenhouse gases and developing mitigation and adaptation programmes and low emission strategies; (f) supporting, where appropriate, mitigation and adaptation action by developing countries; (g) working together to achieve a robust and legally binding international climate agreement applicable to all countries. 2. To these ends, the Parties agree to maintain regular dialogue and cooperation at political, policy and technical levels, both bilaterally and in relevant plurilateral and multilateral fora.