Paris-Agreement clears investors, businesses, and policy-makers that it’s time for a global transition to clean energy and resources have to shift away from polluting fossil-fuels.
- 195 countries adopted the first-ever universal, legally binding global climate deal.
- The ambitious and balanced agreement, the first major multilateral deal of the 21st century
- It sets out a global action plan to put the world on track to avoid dangerous climate change by limiting global warming to well below 2°C.
- It sets 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.
- It 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.
- NDCs – called nationally determined contributions, which Countries will submit 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.
- Countries will work to define a clear roadmap on ratcheting up climate finance to USD 100 billion by 2020
- Robust transparency and accounting system, which will provide clarity on countries’ implementation efforts, with flexibility for countries’ differing capabilities.
What leaders’ have said?
“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”
Laurent Fabius, President of the COP 21 UN Climate change conference
“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.”
Ban Ki-moon, UN Secretary General
“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.”
Christiana Figueres, Executive Secretary, UNFCCC
“Today the world is united in the fight against climate change. Today the world gets a lifeline, a last chance to hand over to future generations a world that is more stable, a healthier planet, fairer societies and more prosperous economies. This robust agreement will steer the world towards a global clean energy transition. This deal is also a success for the European Union. We have long been the global leader in climate action, and the Paris Agreement now reflects our ambition worldwide. I would like to thank the EU’s chief negotiator Commissioner Miguel Arias Cañete and his team for working day and night to make this agreement happen and for keeping the European Union the central player throughout the negotiations. I am proud of all of you.”
Jean-Claude Juncker, European Commission President
“This agreement is a major win for Europe. But more importantly, it is a major win for the global community. Europe has led the efforts in Paris to get an ambitious and legally binding global climate deal. We have forged alliances and others have joined. Our key objectives − on the long-term goal, the 5-yearly review cycles and transparency − are in the new agreement. The agreement also reconfirms global commitment to continued support to those in need of assistance. We succeeded. Now, what has been promised must be delivered. Europe will continue to lead the global low-carbon transition we have agreed.”
Miguel Arias Cañete, EU Climate Action and Energy Commissioner