These principles include standardized action on building and appliance standards; renewable energy; vehicle fuel and efficiency standards; and forestry.  Such coordinated action – especially in areas like domestic, transportation and industrial energy efficiency – will result in cost savings and increased competitiveness.  Coordinated action on appliance and fuel standards will create huge economies of scale, sending a “market signal” that cannot be ignored.  Together, these actions will drive the move to a global low carbon economy.
Other principles that legislators have agreed to push through their own parliaments include laws that bind national governments to short, medium and long-term targets for emissions; a commitment to “climate compatibility assessments” for major government policies; a duty on Governments to report to parliament regularly on their progress in meeting targets; and a commitment to a regular review to ensure that policies are consistent with the latest science.

US Congressman Markey (co-sponsor of the Waxman-Markey Bill that has passed in the House of Representatives), Chairman Wang Guangtao of the Chinese National People’s Congress; and Lord Michael Jay, of the UK Parliament are coordinating the adoption of these principles through the legislatures of the world’s major economies.  
 
The Forum was addressed by the Prime Minister of Denmark Lars Rassmussen, Chair of the COP, Minister Connie Hedegaard of Denmark and by the Speaker of the South African National Assembly, Max Sisulu, the Vice President of the Brazilian Senate, Senadora Serys Slessarenko and by video by the Speaker of the US Congress, Nancy Pelosi.
 

In his closing remarks at the session US Congressman Markey said:
 
“These principles we have agreed today on energy efficiency, building standards, science standards and renewable energy all have to be part of the debate in every legislature in the world.  I know this document will be helpful to be me in the United States. I have listened to all the commitments for action and it helps to know that we have this consensus.  This helps each one of us back home – this is a crucial part of what is happening in the next 45 days.  This document will help a lot to securing the conclusion of a successful COP 15 treaty: the most important treaty ever negotiated in the history of the Planet”

In his closing remarks Chinese Congressman Chairman Wang said:
 
“The Legislative principles discussions have been successful and important. We have integrated the good points we have gathered together.
 
“These principles will play a great role in implementing post Copenhagen measures so that legislators can take real action.  We must ensure parliaments have an important role legislating and monitoring Governments.  These Legislative principles are aimed at encouraging governments to implement the UNFCCC Bali and Kyoto Protocol”
 
Other senior legislators who took part in the GLOBE Forum include representatives from sixteen major economies including Satu Hassi MEP, Vice-President of GLOBE EU at the European Parliament, Serge Poignant MP,  Deputy Chair of the French National Assembly Committee on Economic Affairs and GLOBE Europe Focal Point at the Assemblée Nationale, Frank Schwabe MP, Member of GLOBE Germany, and Hon Mark Warawa MP, Canadian Parliamentary Secretary for the Environment.
 
In addition to these Legislative Principles – the legislators also agreed a joint statement for the COP 15 in December. These include:

 1. The COP15 should agree to emissions targets for developed countries for 2030 and 2040 in addition to 2020 and 2050. This will ensure that successive governments remain focused on delivering an interim emissions reduction target; and second, it dilutes the current focus on only 2020 targets that ignores the political realities in some developed countries.

2. Deforesting countries must be given incentives to make immediate and dramatic reductions in their deforestation rates by paying them credits dependent on their performance against an agreed “reference emissions” rate agreed on a country-by-country basis. A long-term stabilization fund should be introduced in the medium-term as high deforesting countries reduce their deforestation rates to create long-term incentives for nations to reach a stable or increasing level of forest by paying these countries for the ongoing eco-system services provided by forests.  

3. A “protect and share” framework for Intellectual Property Rights (IPR) should be established in which financing would be provided to developing countries to strengthen their domestic IPR protection regimes in return for government-to-government guarantees that investors’ rights would be protected.
 
4. A strengthened international monitoring and verification system should be introduced that applies to all countries.  Current UNFCC emissions figures are based on economic data rather than actual measurements. It is thought that these estimates for carbon dioxide are within ten per cent accuracy for developed countries and less so for developing countries.  With the need for treaty verification, and the growth of emissions trading, there is a need for much more accurate information that uses surface and aircraft-based measurement systems.
 
5. At least $100 billion per year in financial assistance will be needed in financial assistance from public and private sources including developed countries to meet the cost of adaptation to a changed climate in developing countries
 

Danish Prime Minster, Lars Løkke Rasmussen and Host of the COP15 at Copenhagen, said:
"The GLOBE Copenhagen Legislators Forum is a critical staging point ahead of the formal UNFCCC negotiations and presents a very real opportunity to outline to national leaders where the political boundaries could be for an ambitious agreement at the formal negotiations.  This will be a powerful and new intervention contributing to the international response to climate change."

Raju Parmar, Congress Party, India
“As a politician and representative of the people we must take these principles seriously and take it to the Parliament for early implementation. We must discuss the real challenge of climate change and global warming in the interest of mankind and future generations”
 
Senator Serys Slhessarenko, Vice President of the Brazilian Senate said:
‘In fact we are the ones legitimizing governments possibilities of negotiating a fair and equitable deal. Therefore it is key to agree on key legislative principles and put forward legislation in the major economies.’