Paris forges momentum towards enduring climate action

Friday 18 Dec 2015

 
Last weekend, at the UN climate talks in Paris a global deal where all countries have agreed to take action on climate change was adopted. Carbon Market Watch comments on the long-term goal, the ambition ratcheting mechanism, provisions for the use of markets, the establishment of a new mechanism, human rights provisions, bunker emissions, pre-2020 action and the impact of the Paris treaty on EU’s climate policies.

The Paris Agreement marks a major step forward on climate action. While it is still early to absorb all the implications of the 31 pages of text, in mitigation, there have been seismic shifts, particularly:

- Aiming to limit global warming to 1.5C
- Working to increase ambition every five years
- Developing robust rules for the use of carbon markets
- Establishing a new mechanism that moves beyond offsetting
- Recognizing the need to protect human rights
- Increasing recognition of the importance of international aviation and shipping emissions
- Adding quality rules for the cancellation of carbon credits pre-2020
- Sending signals to strengthen the EU’s climate policies.

For further details on the Paris agreement click here.

The full text of the agreement can be found here.

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