Cop21 Paris Agreement On Climate Change

In addition to formal intergovernmental negotiations, countries, cities and regions, businesses and civil society members around the world are taking steps to accelerate climate cooperation efforts to support the Paris Agreement as part of the Global Climate Agenda. In the end, all parties recognized the need to “prevent, minimize and address losses and damages,” but in particular any mention of compensation or liability is excluded. [11] The Convention also takes up the Warsaw International Loss and Damage Mechanism, an institution that will attempt to answer questions about how to classify, address and co-responsible losses. [56] Warmer temperatures, both on land and at sea, are changing global weather and changing how and where precipitation falls. These changing patterns exacerbate dangerous and deadly droughts, heat waves, floods, forest fires and storms, including hurricanes. They also melt ice caps, glaciers and permafrost layers, which can lead to sea level rise and coastal erosion. Warmer temperatures also affect entire ecosystems, deterring migration patterns and life cycles. For example, an early spring can make trees and plants bloom before bees and other pollinators are born. While global warming may be akin to longer growing periods and increased food production in some areas, areas already facing water shortages are expected to become drier and create potential for drought, broken harvests or forest fires. There is a lot of misinformation about the Paris agreement, including the idea that it will hurt the U.S. economy. It was a series of unsubstantiated assertions that Trump repeated in his rose garden speech in 2017, arguing that the deal would cost the U.S. economy $3 trillion in jobs by 2040 and $2.7 million by 2025, making us less competitive with China and India.

But, as the auditors pointed out, these statistics come from a March 2017 unmasked study that exaggerated the future cost of reducing emissions, underestimated advances in energy efficiency and clean energy technologies, and was completely unaware of the enormous health and economic costs of climate change itself. According to the United Nations Environment Programme (UNEP), temperatures are expected to rise by 3.2oC by the end of the 21st century, based solely on the current climate commitments of the Paris Agreement. To limit the increase in global temperature to 1.5 degrees Celsius, annual emissions must be below 25 Gigaton (Gt) by 2030. With the current commitments of November 2019, emissions by 2030 will be 56 Gt CO2e, twice the environmental target. To limit the increase in global temperature to 1.5 degrees Celsius, an annual reduction in emissions of 7.6% is needed between 2020 and 2030. The four main emitters (China, the United States, the EU-27 and India) have contributed more than 55% of total emissions over the past decade, excluding emissions due to land use changes such as deforestation.