The Paris Agreement Key Points: What You Need to Know
The Paris Agreement, signed in 2015, is an international treaty aimed at addressing climate change. The agreement sets out a framework for countries to work together to reduce greenhouse gas emissions and limit global warming. Here are the key points you need to know about the Paris Agreement:
1. Goal: The main goal of the Paris Agreement is to limit the increase in global temperature to well below 2°C above pre-industrial levels, while pursuing efforts to limit the increase to 1.5°C.
2. Nationally Determined Contributions (NDCs): Each country is required to submit an NDC, which outlines their individual efforts to reduce emissions. NDCs are updated every five years, with each subsequent NDC expected to be more ambitious.
3. Adaptation: The Paris Agreement recognizes the need for countries to adapt to the impacts of climate change that are already happening and that are expected to worsen. The agreement calls for increased support for developing countries to build resilience and adapt to climate change.
4. Finance: Developed countries are expected to provide financial support to developing countries to help them transition to a low-carbon economy and adapt to climate change. A goal of mobilizing $100 billion per year by 2020 was set, with a new goal to be agreed upon by 2025.
5. Transparency: The Paris Agreement requires countries to regularly report on their progress in implementing their NDCs and to undergo a process of review and assessment. This transparency and accountability helps ensure that countries are fulfilling their commitments.
6. Global Stocktake: Starting in 2023 and occurring every five years, a global stocktake will take place to assess collective progress towards meeting the goals of the Paris Agreement. This process enables countries to learn from each other and to identify strategies for increasing ambition.
In conclusion, the Paris Agreement represents a historic global effort to address climate change. Its key points include a goal of limiting global temperature increase, nationally determined contributions, adaptation, finance, transparency, and a global stocktake. By working together, countries can mitigate the worst impacts of climate change and build a sustainable future for all.