The Future Of The Paris Agreement

Others say the U.S. withdrawal is due in part to the Obama administration`s failure to get the Paris Agreement ratified by the U.S. Senate. But the next section of the Paris Agreement states that loans “shall not be used to prove the achievement of the host party`s national contribution when they are used by another contracting party to prove the achievement of its national contribution.” “We have worked very hard to ensure that any country in the world can join this new agreement. And so we lost one thing that we actually failed. This made COP25 a valuable negotiation to put the world on track to avoid the most devastating consequences of climate change. But the delicate differences over the rules of the Paris Agreement, which derail previous meetings, must be resolved in Madrid, otherwise the agreement risks disintegrating. In fact, research clearly shows that the cost of climate inaction far outweighs the cost of reducing carbon pollution. A recent study suggests that if the U.S. fails to meet its Paris climate goals, it could cost the economy up to $6 trillion in the coming decades. A global failure to comply with the DND currently set out 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 – that the Paris targets could be very beneficial on a global scale by investing in infrastructure in clean energy and energy efficiency, to the amount of about $19 trillion. The Paris Agreement reflects the collective belief of almost every nation on earth that climate change is humanity`s war and unmasks America`s climate skeptics – including Trump – as global outliers.

Indeed, mobilizing support for climate action across the country and around the world gives hope that the Paris Agreement marks a turning point in the fight against climate change. We can all contribute to the cause by looking for ways to reduce contributions to global warming, at the individual, local and national levels. This effort will be worth the reward of a safer and cleaner world for future generations. “The EU Green Deal and the climate neutrality commitments of China, Japan and South Korea underscore the inevitable collective transition of fossil fuels,” said Laurence Tubiana, one of the architects of the Paris Agreement and now director general of the European Climate Foundation. . . .