Paris Agreement Low Carbon Economy

The agreement commits all countries to reduce their emissions and cooperate to adapt to the effects of climate change and calls on countries to strengthen their commitments over time. The agreement provides developed countries with a means to assist developing countries in their mitigation and adaptation efforts, while establishing a framework for monitoring and reporting transparently on developing countries` climate goals. The Paris Agreement provides a sustainable framework that guides global efforts for decades to come. The aim is to increase countries` climate ambitions over time. To achieve this, the agreement provides for two review processes, each in a five-year cycle. The agreement recognizes the role of non-partisan stakeholders in the fight against climate change, including cities, other sub-national authorities, civil society, the private sector and others. The Paris Agreement marks the beginning of a shift towards a low-carbon world – much remains to be done. Implementation of the agreement is essential to achieving the Sustainable Development Goals, as it contains a roadmap to combat climate change to reduce emissions and build resilience to climate change. The Paris Agreement is the first legally binding universal global agreement on climate change adopted at the Paris Climate Change Conference (COP21) in December 2015. It will also enable the contracting parties to gradually strengthen their contributions to the fight against climate change in order to achieve the long-term objectives of the agreement. 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. To contribute to the goals of the agreement, countries presented comprehensive national climate change plans (national fixed contributions, NDC).

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