4 Facts To Know About Paris Agreement

Exploring the historic “Paris Agreement,” a groundbreaking pact forged during the UN Climate Change Conference (COP21) in Paris, France, on December 12, 2015, represents a significant milestone in our global fight against climate change. This monumental agreement entered into force on November 4, 2016, complementing the United Nations Framework Convention on Climate Change (UNFCCC) and building upon the objectives established by its predecessor, the Kyoto Protocol. In contrast to the Kyoto Protocol's primary focus on emissions from developed nations, the Paris Agreement adopts a more inclusive approach, establishing a universal framework involving all countries. As we delve further, here are four essential aspects crucial for understanding its significance.

1. PARIS AGREEMENT AND ITS GLOBAL AMBITION

The Paris Agreement serves as a crucial global treaty aimed at combatting climate change with a primary goal: to limit global warming to well below 2 degrees Celsius compared to pre-industrial levels. Yet, there is a growing push among world leaders for a more ambitious objective—curbing warming to 1.5 degrees Celsius by the end of this century. Meeting this demanding target requires immediate action: greenhouse gas emissions must peak no later than 2025 and subsequently decrease by 43% by 2030. This challenge calls for significant economic and social transformations, addressing present climate hurdles while building resilience for the future and such transformations rely on robust scientific knowledge.

2. A MULTIFACETED FRAMEWORK FOR CLIMATE ACTION

The Paris Agreement serves as a comprehensive framework, offering financial, technical, and capacity-building support to nations in need. Regarding finance, the agreement recognizes the critical role of climate finance in reducing emissions, highlighting the responsibility of developed countries to lead in providing financial assistance to vulnerable nations. In terms of technology, the agreement envisions the full realization of technology development and transfer, aiming to enhance both resilience to climate change impacts and the reduction of greenhouse gas emissions. Moreover, the agreement emphasizes the importance of climate-related capacity-building for developing countries, urging developed nations to enhance their support for capacity-building actions in these regions.

3. HOW DOES THE AGREEMENT WORK?: PARIS AGREEMENT'S NDCS AND 5-YEAR CYCLE

Since 2020, countries have submitted their plans, known as "nationally determined contributions (NDCs)." These plans outline the actions countries intend to undertake to curtail greenhouse gas emissions, aligning with the Paris Agreement's objectives. According to the Paris Agreement, member countries must review and update these plans every five years, aiming to drive increasingly ambitious climate action. Additionally, nations communicate strategies aimed at enhancing resilience to cope with the impacts of escalating temperatures, encompassing details on adaptation measures and financial flows.

4. GLOBAL STOCKTAKE IN COP28: ASSESSING CLIMATE PROGRESS

Under the Paris Agreement, countries have implemented an enhanced transparency framework (ETF) that mandates detailing reporting guidelines, methodologies, and processes for transparently sharing efforts aimed at reducing greenhouse gas emissions and adapting to climate impacts. The data from the ETF is crucial as it will be integrated into the global stocktake, a significant initiative set to debut in the upcoming COP28. The global stocktake aims to evaluate collective progress made by all countries, such as limiting global temperature rise and enhancing climate resilience. This represents a pivotal opportunity for countries to assess their progress in meeting the Paris Agreement's goals and our collective advancement toward long-term climate objectives.

COP28 is set to be a pivotal milestone in our battle against climate change, positioned to influence global strategies and decisions. Stay connected with us for continual updates and comprehensive summaries from the UN Climate Change Conference (COP28) later this year. Let us remain engaged as we observe the discussions and outcomes that will shape our collective path toward a sustainable future.

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