Citizen Media Watch

december 10th, 2020

Impact Of The Paris Agreement

Posted by lotta

How each country is on track to meet its obligations under the Paris Agreement can be constantly monitored online (via the Climate Action Tracker [95] and the climate clock). The long-term objective of the Paris Agreement is to keep the increase in global average temperature well below 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels; and to continue efforts to limit the increase to 1.5 degrees Celsius, while acknowledging that this would significantly reduce the risks and effects of climate change. This should require a rapid reduction in emissions to achieve ”a balance between anthropogenic emissions from sources and the reduction of greenhouse gases from wells” in the second half of the 21st century. It also means increasing the parties` ability to adapt to the negative effects of climate change and ”reconciling financial flows with a way to reduce greenhouse gas emissions and climate-resistant development.” Although the United States and Turkey are not parties to the agreement, as they have not indicated their intention to withdraw from the 1992 UNFCCC, they will continue to be required, as an ”Annex 1” country under the UNFCCC, to end national communications and establish an annual inventory of greenhouse gases. [91] Recognizing that many developing countries and small island developing states that have contributed the least to climate change are most likely to suffer the consequences, the Paris Agreement contains a plan for developed countries – and others that are capable of doing so – to continue to provide financial resources to help developing countries reduce and increase their resilience to climate change. The agreement builds on the financial commitments of the 2009 Copenhagen Accord, which aimed to increase public and private climate finance to developing countries to $100 billion per year by 2020. (To put it in perspective, in 2017 alone, global military spending amounted to about $1.7 trillion, more than a third of which came from the United States. The Copenhagen Pact also created the Green Climate Fund to mobilize transformation funding with targeted public dollars. The Paris agreement expected the world to set a higher annual target by 2025 to build on the $100 billion target by 2020 and create mechanisms to achieve this.



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