Essential Elements Of Paris Agreement

The agreement recognizes the role of non-partisan stakeholders in the fight against climate change, including cities, other sub-national authorities, civil society, the private sector and others. This paper proposes the ideas of the ACT 2015 consortium on how the 2015 Paris International Climate Agreement can play the most effective and transformative role in making the world a low-carbon, climate-resilient economy as quickly and equitably as possible. To contribute to the goals of the agreement, countries presented comprehensive national climate change plans (national fixed contributions, NDC). These are not yet sufficient to meet the agreed temperature targets, but the agreement points to the way forward for further measures. The Paris Agreement is the first legally binding universal global agreement on climate change adopted at the Paris Climate Change Conference (COP21) in December 2015. The contributions were published when they were published on the website of the United Nations Framework Convention on Climate Change (UNFCCC). On 22 November 2015, a week before the conference, 170 countries, representing more than 90% of emissions, had already published their national contributions to reducing greenhouse gas emissions. Each contribution was to include quantifiable elements, the reference year, the implementation schedule and methods for quantifying greenhouse gas emissions. The agreement officially entered into force on 4 November 2016, a few days before COP22, and was ratified by 169 countries (including the European Union 28), which account for 87.75% of emissions. Last year, the Consortium Agreement on Climate Transformation 2015 (ACT 2015) focused heavily on thinking about the essential elements of the Paris Agreement. The consortium, made up of large geographic regions, was created to engage a broader group of interest groups around the world, in the country, to inform thought and introduce ideas into formal negotiations.

The efforts involved dialogue with hundreds of people on five continents, as well as research and analysis of the essential elements of the agreement5. This paper presents the consortium`s ideas on how the international agreement can play the most effective and transformative role in the world`s rapid and equitable transition to a low-carbon, climate-resilient economy. In response to the climate challenge, the agreement recognizes that states have common but differentiated responsibilities, i.e. according to their national capabilities and specificities. The EU and its member states are among the nearly 190 parties to the Paris Agreement. The EU formally ratified the agreement on 5 October 2016, allowing it to enter into force on 4 November 2016. In order for the agreement to enter into force, at least 55 countries representing at least 55% of global emissions had to file their ratification instruments. Funding is essential to support emerging economies and support the transition to carbon-free economies.

The agreement provides that from 2020, $100 billion in public and private funds will have to be mobilized each year to finance projects that allow countries to adapt to the effects of climate change (sea level rise, droughts, etc.) or to reduce greenhouse gas emissions. These funds should be gradually increased and some developing countries will also be able to become donors on a voluntary basis to help the poorest countries. The ACT 2015 consortium, made up of experts from large geographic regions, was created to engage a broader group of interest groups around the world, in the country, to inform thought and bring ideas into formal negotiations.

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