Previous attempts to conclude a global pact on climate change had failed due to US domestic policy. „The EU`s green deal and the commitments of China, Japan and South Korea to climate neutrality underscore the inevitability of our collective transition to fossil fuels,“ said Laurence Tubiana, one of the architects of the Paris Agreement and now Executive Director of the European Climate Foundation. In fact, research clearly shows that the cost of climate inaction far outweighs the cost of reducing carbon pollution. A recent study suggests that if the U.S. fails to meet its Paris climate goals, it could cost the economy up to $6 trillion in the coming decades. A global failure to meet the NDCs currently set out in the agreement could reduce global GDP by more than 25% by the end of the century. At the same time, another study estimates that achieving – or even exceeding – the Paris targets through infrastructure investments in clean energy and energy efficiency could have huge global benefits – around $19 trillion. From 30 November to 11 December 2015, France hosted representatives from 196 countries at the United Nations Climate Change Conference, one of the largest and most ambitious global climate meetings ever held. The goal was nothing less than a binding, universal agreement to limit greenhouse gas emissions to levels that would prevent global temperatures from rising more than 2°C (3.6°F) above the baseline temperature set before the start of the Industrial Revolution. This year will be a test of both the strength of the Paris Agreement and the determination to make the changes needed to keep the world on track to stay below 1.5°C.
The Paris Agreement marks the beginning of a transition to a low-carbon world – much more needs to be done. The implementation of the agreement is essential to achieve the Sustainable Development Goals, as it includes a roadmap for climate action to reduce emissions and build climate resilience. The 32-page document provides a framework for global climate action, including climate change mitigation and adaptation, support for developing countries, as well as transparent reporting and strengthening of climate goals. When the agreement is concluded on 5. In October 2016, US President Barack Obama said: „Even if we achieve all the goals. we will only reach part of where we need to go. He also said that „this agreement will help delay or avoid some of the worst consequences of climate change.