Sunday, December 13, 2015

Main takeaways on the Paris climate deal

The Paris deal doesn’t make national emissions reduction targets legally binding, so its success will largely depend on the effectiveness of a new system to revisit each country’s progress and raise targets every five years. The Paris agreement attempts to lay down new rules to make sure all countries calculate and publicly report their emissions reductions in the same way after 2020, making it possible to keep track of global progress. However, even if all the greenhouse gas cut pledges made by countries ahead of Paris are carried out, the result would be a world that warms by about 3 degrees.
The big move was a split among developing countries led by the formation of the new “high ambition coalition.” Meanwhile older alliances like the G77 and China group of 134 developing countries and the BASICs (Brazil, South Africa, India and China) fell apart because of differing priorities. Read more at http://www.politico.eu/