PARIS DEAL HAILS THE NEW ENERGY AGE

Paris Climate Change Deal Could Spell The Beginning Of The End Of The Fossil Fuel Age

Mike Scott, December 13, 2015 (Forbes)

“…[Although many say it falls short of the ideal, the historic climate change agreement just reached in Paris] may come to be seen as the beginning of the end of the fossil fuel age [if its lack of enforceability is overcome by the spur it gives the private sector]…There are three elements…[1] An enduring, legally binding treaty on climate action which contains emission reduction commitments from 187 countries starting in 2020. It will enter into force once 55 countries covering 55% of global emissions have acceded to it…[2] The COP (Conference of the Parties) agreed a set of decisions with immediate effect to accelerate climate action and to prepare for the implementation of the Paris Agreement once it enters into force…[3, and] the large number of commitments for additional action to reduce emissions and increase resilience were made by countries, regions, cities, investors, and companies…

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“The agreement to limit average temperature rises to ‘well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels’ was more ambitious than had been expected and is a significant victory for the Association of Small Island States…” click here for more

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