Common Contracts
1 similar Paris Agreement contracts
THE PARIS AGREEMENT IS A DECISIVE STEP IN ADDRESSING CLIMATE CHANGE; STILL MUCH REMAINS TO BE DONEParis Agreement • January 13th, 2016
The Paris Agreement sets a turning point in the history of negotiations on climate change in several ways. First of all, it’s the most comprehensive, universal and balanced agreement ever signed in the 23 years in which this issue has been a part of the international agenda. It stipulates that all countries, without distin- ction, determine their national determined contributions and commit to making and reporting their efforts regarding emissions reduction, which must be ambitious, but always according each of their capabilities. It also determines mechanisms for transparency and accountability to verify commitments not only in terms of reducing emissions and adaptation efforts, but also support in terms of financing, technology transfer and capacity development. The Agreement is flexible and contemplates periodic reviewing processes at least every five years in order to increase the level of commitments. It also seeks to be fair, as it’s built on the principle of ¸common but differen
