Use agreements as templates, or study them to ensure that your own documents cover all the basics of standard licensing agreements. Getting these billions out of poverty while limiting climate change is a challenge that cannot be met within the framework defined in Lima. The real fight that is brewing is the lack of economic democracy, not only between nations, but also between the world`s North and the world`s South. Supporters of the Lima agreement say it is a great success, with the two major emitters of greenhouse gases, China and the United States, committing to the need to combat climate change. Even more so since the recent U.S. general election has strengthened Republicans – many of whom still believe that climate change is not due to human action. When 194 countries come together for a climate change conference and disperse, while most nations say they have something, it should be a triumph of diplomacy. But the weakness of the agreement that the oppressed negotiators brought home to the Conference of the Parties (CoP), concluded on 14 December in Lima, is quite the opposite. Sam Smith, the head of climate policy at the World Wildlife Fund, was quoted by the BBC as saying: “The text has gone from low to low and is indeed very weak and, in fact, very weak.” Chandra Bhushan, deputy director of the New Delhi Center for Science and Environment, called the Lima agreement a major setback for a useful agreement in Paris.
“The principle of common but differentiated responsibility and respective capacity (CBDR), the cornerstone of the climate negotiations, has been further watered down and compromised, showing developed countries the way forward to continue their high emissions,” Bhushan said. He added that the Lima summit would be remembered because of the “wrong process, lack of transparency and inclusion.” Similarly, it reflects how bad things are, that an additional $10 billion in the UNFCC Green Climate Fund, which was agreed in Lima, is a cause for celebration. The fund supports projects, programs, strategies and other activities to help developing countries cope with climate change. According to a conservative estimate, $1 trillion is needed to be invested annually worldwide in post-carbon technology and business models.