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OPEC partners UNFCCC on climate change, sustainable devt, economic diversification

Abuja – The Organisation of the Petroleum Exporting Countries (OPEC) says it will partner the United Nations Framework Convention on Climate Change (UNFCCC) to enhance cooperation on matters related to climate change, sustainable development and economic diversification.

This is contained in a statement jointly issued on Tuesday by OPEC and UNFCCC and made availablein Abuja.

The statement recalled that the Secretary General of OPEC, Mr Mohammad Barkindo, had on Friday met with Ms Patricia Espinosa, Executive Secretary of UNFCCC.

It added that the meeting was to enhance cooperation between the UNFCCC and OPEC and exchange views on recent developments.

“The meeting took place just a few days after the Paris Agreement reached the threshold for entry into force on Oct. 5 2016.

“Ànd in the run-up to the UN Climate Change Conference in Marrakech, Morocco from Nov. 7–18, 2016.’’

“The meeting builds on the ongoing involvement of OPEC in climate change negotiations and the active participation of its Member Countries.’’

The statement quoted Barkindo as congratulating Espinosa on the entering into force of the Paris Agreement and the significant and effective support provided by the UNFCCC secretariat in the process.

“Successful implementation of the Agreement is a priority for OPEC.

“OPEC Member Countries have been involved in climate change negotiations and the implementation of the Convention since its inception process.

“The UNFCCC secretariat shared information regarding a high level event on sustainable economic transition and economic diversification to be organized by the Moroccan Presidency during Conference of Parties of 22 countries (COP22).’’

According to the statement, the event is expected to be attended by Ministers and heads of delegations.

“It aims at raising awareness of the importance of economic diversification and transformation in relation to the impact of the implementation of mitigation measures and how that is linked to sustainable development for many developing countries.

“The leaders agreed that enhancement of cooperation between the two organisations is beneficial, particularly since the OPEC Secretariat is an intergovernmental organization representing 14 developing countries, all of which are also Parties to the UNFCCC.

“ Such teamwork enhances input from developing countries in the implementation of both the Convention and the Paris Agreement.’’

It added that importance of inclusiveness and participation by all Parties in implementing the Paris Agreement was emphasised during the meeting, taking into account that sustainable development and poverty alleviation were high priorities for all.

“The key role of oil in economic development and the right of developing countries to develop was stressed.

“In this regard, the OPEC efforts towards sustainable market stability were recognised as a contribution to a healthy global economy and helping implementation of the Convention and the Paris Agreement and the transition to a low emission economy.

“Both secretariats acknowledged that economic diversification is an important objective for building economic resilience and agreed to explore all available capacities which can assist OPEC Member Countries in diversifying their economies and achieving just transition of work force.’’

The statement stated that the Paris Agreement would enter into force on Nov.4, 2016.

“As a result of this, the first session of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA1) will take place in Marrakech in conjunction with COP22/CMP12,’’ it added.


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