The Paris Agreement For Climate Change
- October 11, 2021
The agreement includes a commitment by all countries to reduce emissions and cooperate to adapt to the effects of climate change and calls on countries to strengthen their commitments over time. The agreement provides a way for developed countries to assist developing countries in their climate change and adaptation efforts, while creating a framework to transparently monitor and report on countries` climate goals. “This is definitely a big blow to the Paris Agreement,” Said Carlos Fuller of Belize, the Negotiator for the Alliance of Small Island States at the UN talks. (c) reconciling financial flows with a means of achieving low greenhouse gas emissions and climate-resilient developments. The long-term temperature objective of the Paris Agreement is to keep the global average temperature rise well below 2°C (3.6°F) above pre-industrial levels; and continue efforts to limit the increase to 1.5°C (2.7°F), which will significantly reduce the risks and effects of climate change. This should be done by reducing emissions as quickly as possible in order to “achieve, in the second half of the twenty-first century, a balance between anthropogenic emissions from sources and greenhouse gas reductions from sinks”. It also aims to increase the parties` ability to adapt to the negative effects of climate change and to “reconcile financial flows with a path towards low greenhouse gas emissions and climate-resilient development”. Others say the U.S. withdrawal is due in part to the Obama administration`s failure to get the Paris Agreement ratified by the U.S.
Senate. A proposal by BNP Paribas Asset Management secured a 53% majority at Chevron – it asked the oil giant to ensure that its climate lobby is in line with the goals of the Paris Agreement. While the United States and Turkey are not part of the agreement, as countries have not declared their intention to leave the 1992 UNFCCC as “Annex 1” countries, they will continue to be required under the UNFCCC to prepare national communications and an annual greenhouse gas inventory.  Currently, 197 countries – every nation in the world, the last signatory being war-torn Syria – have adopted the Paris Agreement. Of these, 179 have consolidated their climate proposals with formal approval, including the United States for now. The only major emitting countries that have not yet formally joined the deal are Russia, Turkey and Iran. But even if the US decided to reinstate the deal, it would have consequences for a withdrawal – even for a few months. “The public understands that fighting climate change goes hand in hand with protecting our health and growing our economy,” Bloomberg said in a statement. Climate change is a global emergency that transcends national borders. This is an issue that requires coordinated solutions at all levels and international cooperation to help countries move towards a low-carbon economy. President Obama was able to formally integrate the United States into the international agreement through executive measures, as he did not impose any new legal obligations on the country.
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