Paris Accord Agreement

Indeed, research shows that the cost of climate activity far outweighs the cost of reducing carbon pollution. A recent study suggests that if the United States does not meet its climate targets in Paris, it could cost the economy up to $6 trillion in the coming decades. A lack of compliance with the NPNs currently foreseen in the agreement could reduce global GDP by more than 25% by the end of the century. Meanwhile, another study estimates that achieving – or even exceeding – the Paris targets by investing in infrastructure in clean energy and energy efficiency could have great benefits globally – about $19 trillion. Negotiators of the agreement stated that the INDCs presented at the time of the Paris conference were insufficient and found that “the estimates of aggregate greenhouse gas emissions in 2025 and 2030 resulting from the planned contributions at the national level are not covered by the least expensive scenarios of 2oC, but lead to a projected level of 55 gigatons in 2030.” and acknowledges that “much greater efforts to reduce emissions will be needed to keep the global average temperature increase to less than 2 degrees Celsius, reducing emissions to 40 gigatonnes or 1.5 degrees Celsius.” [25] [Clarification needed] “What Obama did at the end of his second term was fundamentally undemocratic to sign a Paris agreement without going to the Senate and Congress and doing it instead through an executive. said former UN climate chief Yvo De Boer. Remy Rioux, one of the French government teams that led the talks, said, now director general of the French Development Agency, that “the Paris Agreement has proven to be inclusive and on a large scale, with countries accounting for 97% of global emissions, and those of non-state actors such as companies, municipal and financial financial institutions – and very resilient, precisely because it is inclusive. The Paris agreement is a strong signal of hope in the face of the climate emergency. The Paris Agreement, drawn up for two weeks in Paris at the 21st United Nations Conference of the Parties (COP21) on Climate Change (UNFCCC) and adopted on 12 December 2015 marked a historic turning point in the fight against global climate change, as world leaders representing 195 nations agreed on an agreement containing commitments from all countries to combat climate change and adapt to its impact.