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Paris Agreement

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Corporate Sustainability Reporting

Definition

The Paris Agreement is an international treaty aimed at addressing climate change and its impacts by reducing greenhouse gas emissions. Adopted in 2015, it seeks to limit global warming to well below 2 degrees Celsius, with an aim to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels. This agreement represents a crucial global effort to combat climate change, connecting to broader sustainable development initiatives and underscoring the importance of collective action among nations.

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5 Must Know Facts For Your Next Test

  1. The Paris Agreement was adopted by 196 parties at the 21st Conference of the Parties (COP21) held in Paris in December 2015.
  2. Countries are required to submit their Nationally Determined Contributions (NDCs) every five years, showcasing their commitment to reduce emissions and enhance resilience.
  3. A key feature of the agreement is the principle of 'common but differentiated responsibilities,' recognizing that not all countries are equally responsible for climate change.
  4. The agreement emphasizes the need for climate finance to assist developing countries in achieving their climate goals and transitioning towards sustainable development.
  5. As of now, nearly all countries in the world have ratified the Paris Agreement, highlighting its significance as a global framework for climate action.

Review Questions

  • How does the Paris Agreement encourage nations to set and achieve their emission reduction targets?
    • The Paris Agreement encourages nations to set and achieve their emission reduction targets through the process of Nationally Determined Contributions (NDCs). Each country is required to submit its NDCs every five years, detailing specific actions they will take to lower greenhouse gas emissions. This framework promotes transparency and accountability, allowing for collective progress tracking and inspiring countries to enhance their commitments over time.
  • Discuss the implications of the 'common but differentiated responsibilities' principle within the context of the Paris Agreement.
    • The principle of 'common but differentiated responsibilities' within the Paris Agreement acknowledges that while all nations share a responsibility to combat climate change, their historical contributions and capacities differ significantly. This principle allows developed nations, which have historically emitted more greenhouse gases, to take on greater responsibility in reducing emissions and providing financial support to developing countries. It fosters a sense of equity in global climate action efforts, ensuring that those most affected by climate change receive necessary assistance.
  • Evaluate the effectiveness of the Paris Agreement in driving global climate action and meeting international climate goals.
    • The effectiveness of the Paris Agreement can be evaluated through its ability to mobilize collective action towards global climate goals. While it establishes a solid framework for emission reductions and holds nations accountable through NDCs, challenges remain in ensuring that these commitments translate into significant real-world impact. Factors such as political will, economic constraints, and differing national priorities can hinder progress. However, the agreement has spurred innovations in renewable energy and increased awareness of climate issues globally, illustrating its potential as a catalyst for sustainable development if effectively implemented.

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