A decision in Lima that commitment periods will operate in 5-year cycles is vital to the integrity of the Paris agreement. ECO wants to remind all delegates in Bonn that a 5-year commitment period: Avoids lock in: current pledges are far from being consistent with the below 2°C goal, much less the 1.5°C required by the most vulnerable countries. Five-year commitment periods allow for greater dynamism and ratcheting up of global ambition. Incentivises early action: setting a target that has to be met 10 years from now, rather than 15, compels government to reduce emissions quickly, rather than delaying action. … Continue reading Five is the magic number