13th December 2024 (12 Topics)
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Paris Agreement
Context
The Paris Agreement, adopted on December 12, 2015, was intended to limit global warming and prevent the worst impacts of climate change by keeping the increase in global average temperatures well below 2°C above pre-industrial levels, with efforts to limit it to 1.5°C. However, nine years later, the agreement is facing increasing criticism and challenges, as global emissions continue to rise, and climate impacts worsen.
Key Failures and Concerns:
- Rising Emissions: From 2015 to 2024, global CO2 emissions increased by 8%, from 49 billion tonnes to 53 billion tonnes Despite the Paris Agreement's goals, emissions have continued to rise, undermining efforts to meet the temperature targets.
- Temperature Increase: Global temperatures have already increased by 45°C above pre-industrial levels.
- 2024 is expected to be the first year that breaches the 5°C threshold, moving the world further away from the Paris Agreement's goal.
- Weak Commitment and Implementation: Unlike the Kyoto Protocol (1997), which assigned specific emissions reduction targets to developed countries, the Paris Agreement allowed countries to set nationally determined contributions (NDCs), meaning they could choose their own targets. This has led to insufficient action from many countries, especially developed nations.
- Finance Shortcomings: Under the Paris Agreement, developed countries are supposed to provide financial assistance to developing countries for climate action, committing to raise $100 billion annually by 2020.
- However, this target has not been met, and in 2023, developed nations agreed to increase this amount to $300 billion annually by 2035, a far cry from the trillions developing countries need to fight climate change effectively.
Paris Agreement
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