Nearly 200 countries reached agreement on implementation rules for 2015 Paris Agreement, global climate deal that aims to limit global warming to below two degrees Celsius

Briefing

Nearly 200 countries reached agreement on implementation rules for 2015 Paris Agreement, global climate deal that aims to limit global warming to below two degrees Celsius

January 9, 2019

Briefing

  • Global Climate Rules Consensus – Almost 200 countries reached consensus on more detailed rules for implementing 2015 Paris Agreement, global climate deal where nations agreed to limit rise in global average temperatures by below two degrees Celsius above pre-industrial levels, in Katowice, Poland on December 15, 2018
  • 156-Page Rule Book – Representatives managed to develop 156-page rule book which cite ways on how each country will report and monitor their commitments to reduce greenhouse gas emissions, as well as update their emission plans
  • Less Stringent – Global climate deal criticized to be not enough to save planet from dangerous effects of global warming
  • U.S. Pullout – U.S. President Donald Trump expressed his intent to pull his country, one of largest emitters of greenhouse gas, out from Paris Agreement, but will not be able to do so until 2020

Accelerator

Market Disruption

Sector

Government (excluding military)

Source

Original Publication Date

December 16, 2018

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