Among the many goals is that of limiting the world’s rise in average temperature to “well below 2 degrees Celsius above preindustrial levels and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius”. For them to agree to profoundly transform their economies in just a few decades is astonishing.
The Obama administration states that the deal will encourage almost 200 countries to reduce carbon dioxide emissions, slowing global warming.
On Saturday, China’s Special Representative on Climate Change and chief negotiator Xie Zhenghua praised the adoption of the deal in Paris. While the notion of “historic responsibility” of developed countries has been jettisoned, the deal still maintains the concept of differentiated responsibilities between developed and developing countries, whereby the former must pare down the absolute level of their emissions while the latter must enhance their mitigation efforts.
In the run-up to Paris, newspapers around the world ran stories asking why the United Kingdom seems to be moving backwards on climate change.
“The Paris deal heralds an exciting opportunity for business”.
On the one hand, the Paris Agreement includes working on strengthening the technology mechanism to support the implementation of the agreement through focusing on research, development and demonstration to develop and enhance endogenous capacities and technologies. Obama said the agreement is not flawless, but sets a framework that will contain periodic reviews and assessments to ensure that countries meet their commitments to curb carbon emissions.
“You won’t get a global price on carbon like you do on gold or oil because every market in the world is different”, he said.
“Clearly, the global increase in atmospheric greenhouse gas concentration is playing a role and will continue to do so (if not more so) for the foreseeable future”, he added.
In 2016 we – the entire climate movement – will escalate the fight. “The Government is more than welcome to use it”, Mrs Turei said.
And Friends of the Earth Scotland claimed the deal had “failed to deliver a deal that urgently tackles the climate crisis and the needs of those most vulnerable to its impacts”. To achieve the goal, nations will have to reach global peaking of greenhouse gas emissions as soon as it may be possible.
Director Dr Richard Dixon said: “With bullying tactics and throwing in some piecemeal pledges, rich countries have pushed through an agreement that spells bad news for people and the planet”.
“This sends a powerful economic signal that fossil fuels will be saddled with financial and legal premiums to remain part of the energy mix, and clean energy will enjoy subsidies”, he said.