An
historic agreement to combat climate change and unleash actions and investment
towards a low carbon, resilient and sustainable future was agreed by 195 nations
in Paris on Saturday.
The
Paris Agreement for the first time brings all nations into a common cause based
on their historic, current and future responsibilities.
The
universal agreement’s main aim is to keep a global temperature rise this
century well below 2 degrees Celsius and to drive efforts to limit the
temperature increase even further to 1.5 degrees Celsius above pre-industrial
levels.
The
1.5 degree Celsius limit is a significantly safer defense line against the
worst impacts of a changing climate.
Additionally,
the agreement aims to strengthen the ability to deal with the impacts of
climate change.
To
reach these ambitious and important goals, appropriate financial flows will be
put in place, thus making stronger action by developing countries and the most
vulnerable possible, in line with their own national objectives.
“The
Paris Agreement allows each delegation and group of countries to go back home
with their heads held high. Our collective effort is worth more than the sum of
our individual effort. Our responsibility to history is immense” said Laurent
Fabius, President of the COP 21 UN Climate change conference and French Foreign
Minister.
The
minister, his emotion showing as delegates started to rise to their feet,
brought the final gavel down on the agreement to open and sustained acclamation
across the plenary hall.
French
President Francois Hollande told the assembled delegates: “You’ve done it,
reached an ambitious agreement, a binding agreement, a universal agreement.
Never will I be able to express more gratitude to a conference. You can be
proud to stand before your children and grandchildren.”
UN
Secretary General Ban Ki-moon said: “We have entered a new era of global
cooperation on one of the most complex issues ever to confront humanity. For
the first time, every country in the world has pledged to curb emissions,
strengthen resilience and join in common cause to take common climate action.
This is a resounding success for multilateralism.”
Christiana
Figueres, Executive Secretary of the UN Framework Convention on Climate Change
(UNFCCC), said: “One planet, one chance to get it right and we did it in Paris.
We have made history together. It is an agreement of conviction. It is an
agreement of solidarity with the most vulnerable. It is an agreement of
long-term vision, for we have to turn this agreement into an engine of safe
growth.”
“Successive
generations will, I am sure, mark the 12 December 2015 as a date when
cooperation, vision, responsibility, a shared humanity and a care for our world
took centre stage,” she said.
“I
would like to acknowledge the determination, diplomacy and effort that the
Government of France have injected into this remarkable moment and the
governments that have supported our shared ambition since COP 17 in Durban,
South Africa,” she said.
Agreement Captures Essential Elements
to Drive Action Forward
The
Paris Agreement and the outcomes of the UN climate conference (COP21) cover all
the crucial areas identified as essential for a landmark conclusion:
- Mitigation –
reducing emissions fast enough to achieve the temperature goal
- A transparency
system and global stock-take – accounting for climate action
- Adaptation –
strengthening ability of countries to deal with climate impacts
- Loss and damage
– strengthening ability to recover from climate impacts
- Support –
including finance, for nations to build clean, resilient futures
As
well as setting a long-term direction, countries will peak their emissions as
soon as possible and continue to submit national climate action plans that
detail their future objectives to address climate change.
This
builds on the momentum of the unprecedented effort which has so far seen 188
countries contribute climate action plans to the new agreement, which will
dramatically slow the pace of global greenhouse gas emissions.
The
new agreement also establishes the principle that future national plans will be
no less ambitious than existing ones, which means these 188 climate action
plans provide a firm floor and foundation for higher ambition.
Countries
will submit updated climate plans – called nationally determined contributions
(NDCs) – every five years, thereby steadily increasing their ambition in the
long-term.
Climate
action will also be taken forward in the period before 2020. Countries will
continue to engage in a process on mitigation opportunities and will put added
focus on adaptation opportunities. Additionally, they will work to define a
clear roadmap on ratcheting up climate finance to USD 100 billion by 2020.
This
is further underlined by the agreement’s robust transparency and accounting
system, which will provide clarity on countries’ implementation efforts, with
flexibility for countries’ differing capabilities.
“The
Paris Agreement also sends a powerful signal to the many thousands of cities,
regions, businesses and citizens across the world already committed to climate
action that their vision of a low-carbon, resilient future is now the chosen
course for humanity this century,” said Ms Figueres.
Agreement Strengthens Support to
Developing Nations
The
Paris Agreement underwrites adequate support to developing nations and
establishes a global goal to significantly strengthen adaptation to climate
change through support and international cooperation.
The
already broad and ambitious efforts of developing countries to build their own
clean, climate-resilient futures will be supported by scaled-up finance from
developed countries and voluntary contributions from other countries.
Governments
decided that they will work to define a clear roadmap on ratcheting up climate
finance to USD 100 billion by 2020 while also before 2025 setting a new goal on
the provision of finance from the USD 100 billion floor.
Ms.
Figueres said. “We have seen unparalleled announcements of financial support
for both mitigation and adaptation from a multitude of sources both before and
during the COP. Under the Paris Agreement, the provision of finance from
multiple sources will clearly be taken to a new level, which is of critical
importance to the most vulnerable.”
International
cooperation on climate-safe technologies and building capacity in the
developing world to address climate change are also significantly strengthened
under the new agreement.
Signing the Paris Agreement
Following
the adoption of the Paris Agreement by the COP (Conference of the Parties), it
will be deposited at the UN in New York and be opened for one year for
signature on 22 April 2016--Mother Earth Day.
The
agreement will enter into force after 55 countries that account for at least
55% of global emissions have deposited their instruments of ratification.
Cities and Provinces to Companies and
Investors Aligning
Today’s
landmark agreement was reached against the backdrop of a remarkable groundswell
of climate action by cities and regions, business and civil society.
During
the week of events under the Lima to Paris Action Agenda (LPAA) at the COP, the
groundswell of action by these stakeholders successfully demonstrated the
powerful and irreversible course of existing climate action.
Countries
at COP 21 recognised the enormous importance of these initiatives, calling for
the continuation and scaling up of these actions which are entered on the
UN-hosted NAZCA portal as an essential part in the rapid implementation of the
Paris Agreement.
The
LPAA and NAZCA have already captured climate actions and pledges covering:
- Over 7,000
cities, including the most vulnerable to climate change, from over 100
countries with a combined population with one and a quarter billion people
and around 32% of global GDP.
- Sub-national
states and regions comprising one fifth of total global land area and
combined GDP of $12.5 trillion.
- Over 5,000
companies from more than 90 countries that together represent the majority
of global market capitalisation and over $38 trillion in revenue.
- Nearly 500
investors with total assets under management of over $25 trillion
Christiana
Figueres said: “The recognition of actions by businesses, investors, cities and
regions is one of the key outcomes of COP 21. Together with the LPAA, the
groundswell of action shows that the world is on an inevitable path toward a
properly sustainable, low-carbon world.”
More Details on the Paris Agreement
- All countries
will submit adaptation communications, in which they may detail their
adaptation priorities, support needs and plans. Developing countries will
receive increased support for adaptation actions and the adequacy of this
support will be assessed.
- The existing
Warsaw International Mechanism on Loss and Damage will be significantly
strengthened.
- The agreement
includes a robust transparency framework for both action and support. The
framework will provide clarity on countries’ mitigation and adaptation
actions, as well as the provision of support. At the same time, it
recognizes that Least Developed Countries and Small Island Developing
States have special circumstances.
- The agreement
includes a global stocktake starting in 2023 to assess the collective
progress towards the goals of the agreement. The stocktake will be done
every five years.
- The agreement
includes a compliance mechanism, overseen by a committee of experts that
operates in a non-punitive way.
The COP also closed
on a number of technical issues.
- Under the Kyoto
Protocol, there is now a clear and transparent accounting method for
carry-over credits for the second commitment period, creating a clear set
of rules.
- The first round
of international assessment and review process (IAR) that was launched in
2014 was successfully completed.
A
number of technical and implementation issues related to the existing
arrangements on technology, adaptation, action for climate empowerment and
capacity building were also successfully concluded.