Geneva: A negotiating text, described as a "key milestone" towards a new universal agreement on climate change was reached here Friday after negotiators accepted major demands of India and other developing nations for a pact set to be reached in Paris in December.
The UN Framework on Climate Change (UNFCCC) said nations concluded the 'Geneva Climate Change Talks' by "successfully preparing the negotiating text" for the agreement set to be reached in Paris at the end of 2015 and will come into effect in 2020.
The negotiating text covers the substantive content of the new agreement, including mitigation, adaptation, finance, technology and capacity-building, the statement issued by the UNFCCC said.
Participating in the negotiations, India had strongly said that the text should not become mitigation-centric and had demanded a forceful implementation of the Convention which also consists technology transfer, financing, capacity-building and adaptation.
"We now have a formal negotiating text, which contains the views and concerns of all countries. The Lima Draft has now been transformed into the negotiating text and enjoys the full ownership of all countries," Christiana Figueres, Executive Secretary of the UNFCCC, said.
Delegates from 194 countries held seven-day negotiations in Geneva to continue work following the Lima Climate Change Conference held in Peru last year, which had produced elements for the negotiating text known as the Lima Call for Climate Action.
Countries worked hard to identify the main choices, put their views forward and add more sharpened options to the text.
"I am extremely encouraged by the constructive spirit and the speed at which negotiators have worked during the past week," Figueres said.
"The text was constructed in full transparency. This means that although it has become longer, countries are now fully aware of each other's positions," she said.
The negotiating text will be edited and translated into the UN's official languages. After this, the text will be communicated to the world's capitals by the UNFCCC secretariat in the first quarter of 2015.
Figueres said this fulfills the internationally-accepted timetable for reaching a possible treaty because it alerts capitals to the fact that a legal instrument could be adopted in Paris.
"It does not, however, set this possibility in stone it merely opens the door for this possibility. As for the legal nature of the agreement, this will only be clarified later in the year," Figueres explained.
In parallel to the negotiating text being communicated to the world's capitals, its successful construction kick-starts a year of intense negotiations towards the new agreement.
The next step is for negotiators to narrow down options and reach consensus on the content. Formal work and negotiations on the text will continue at the Climate Change Conference in Bonn in June with two further formal sessions planned for later in the year including in October.
Additionally, ministerial-level meetings throughout the year will include climate change on their agendas and contribute to convergence on the key political choices.
These include the Major Economies Forum; the Petersburg Climate Dialogue and the African Ministerial Conference of the Environment with the upcoming G7 and G20 meetings affording further political engagement on climate change and the Paris agreement.
"These opportunities will help to ensure that countries have opportunities to work with each other at several political levels what is needed now is vertical integration so that the views of heads of state, through ministers and to negotiators reflects a seamless and consistent view of ambition, common ground and ultimately success in December," Figueres said.