Important Points Of Paris Agreement
It is rare that there is a consensus among almost all nations on a single subject. But with the Paris agreement, world leaders agreed that climate change was driven by human behaviour, that it was a threat to the environment and to humanity as a whole, and that global action was needed to stop it. In addition, a clear framework has been put in place for all countries to make commitments to reduce emissions and strengthen these measures over time. Here are some important reasons why the agreement is so important: there is a scientific justification for this figure. John Schellnhuber, a scientist who advises Germany and the Vatican, says the 1.5C marks the point where there is a real risk of serious “tipping points” in the global climate. A preliminary inventory-impact study was published in Nature Communications in April 2020. Based on a public policy database and a multi-model scenario analysis, the authors showed that the implementation of current strategies by 2030 leaves an average emission gap of 22.4 to 28.2 GtCO2eq, with optimal means to achieve targets well below 2 degrees Celsius and 1.5 degrees Celsius. If national contributions were fully implemented, this gap would be reduced by one-third. The countries assessed did not achieve their promised contributions with implemented measures (implementation deficit) or experienced a gap in ambition with optimal paths to well below 2oC. The study showed that all countries should accelerate the implementation of renewable technology strategies, while improving efficiency in emerging and fossil fuel-dependent countries is particularly important.
 The EU and its Member States are among the nearly 190 parties to the Paris Agreement. The EU formally ratified the agreement on 5 October 2016, allowing it to enter into force on 4 November 2016. In order for the agreement to enter into force, at least 55 countries representing at least 55% of global emissions had to file their ratification instruments. 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 able to do so – to continue to provide financial resources to help developing countries reduce and increase their capacity to withstand 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. Funding to help developing countries adapt to climate change and move to clean energy has been an important sticking point in the negotiations. This part of the agreement was moved into the non-binding “decision text” – a sop for the United States, which know they would not be able to get such a promise of cash beyond the Republican-controlled Senate.