The Paris Agreement News Roundup: All You Need to Know
The Paris Agreement is a landmark international agreement reached in 2015 among nearly 200 countries to address the threat of climate change. It aims to limit global temperature increase to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. The agreement also calls for countries to enhance their efforts over time, in a process known as “ratcheting up” ambition.
As of today, 189 countries have ratified the Paris Agreement, including the United States, China, India, and the European Union. The agreement represents a significant step forward in global efforts to combat climate change and transition to a low-carbon, sustainable economy.
Now, more than five years after the Paris Agreement was adopted, there is a lot of news and updates to keep up with. Here`s a roundup of the latest Paris Agreement news:
1. The United States is back in the game
One of the big developments in recent months is the United States` return to the Paris Agreement under President Joe Biden. The US had formally withdrawn from the agreement under former President Donald Trump, but Biden signed an executive order to rejoin on his first day in office. This move has been welcomed by other countries and is seen as a boost to global climate action.
2. Countries are setting more ambitious targets
Under the Paris Agreement, countries are required to submit updated climate action plans, known as Nationally Determined Contributions (NDCs), every five years. Many countries have already submitted their updated NDCs, and the trend is towards more ambitious targets. For example, the European Union has pledged to cut its greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.
3. COP26 is on the horizon
The 26th Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC) is scheduled to take place in Glasgow, UK, in November 2021. This is expected to be a critical moment for global climate action, as countries are due to report on their progress towards meeting their Paris Agreement commitments.
4. COVID-19 has impacted climate action
The COVID-19 pandemic has had a significant impact on global climate action, with many countries diverting resources to deal with the immediate crisis. The pandemic has also led to a drop in greenhouse gas emissions in 2020, but this is unlikely to have a significant or long-lasting impact on overall emissions levels unless structural changes are made.
5. The private sector is getting involved
The private sector has a crucial role to play in achieving the goals of the Paris Agreement. Many companies are setting their own ambitious climate targets and investing in renewable energy and other low-carbon technologies. In addition, the financial industry is increasingly focusing on sustainable investing and divesting from fossil fuels.
In conclusion, the Paris Agreement remains a critical framework for global climate action, and there are many exciting developments to keep up with. The next few years will be crucial for ensuring that countries continue to ramp up their ambition and take concrete steps to reduce their greenhouse gas emissions. Stay tuned for more updates on the Paris Agreement and its impact on the world.