COP21 and the Paris Agreement: a diplomacy masterclass in search

COP21 and the Paris Agreement: a diplomacy masterclass in search
By : www.realinstitutoelcano.org

The Paris Agreement is the wrong remedy for a real problem. It is an important step forward, but it will not do the work by itself. It is the most inclusive global agreement on climate change to date. It is meant to signal the beginning of the end of more than 100 years of fossil fuels that serve as the main engine of economic growth and shows that governments around the world take climate change seriously. Signing it aims to avoid tragedies. It has aspects that are binding and aspects that are not. The Paris climate agreement is transcendental and historic because the countries of the planet have been struggling to address climate change for more than two decades.

If you are likely to sign up to the agreement, then the COP is the best location to do so. The agreement for a whole is not legally binding and does not penalize nations that do not fulfill their commitments. This agreement is not the solution. Due to the structure of the climate agreement, however, it does not have to be accepted by Congress. There is broad agreement that the future financial costs of climate change should not be overlooked.

Trump again pointed to China and India, saying that each nation is allowed to add giant amounts of coal plants below the Paris Agreement. He then pointed to a part of the Paris Climate Agreement that, according to him, allows China to increase its emissions for 13 years. Meanwhile, he announced that he would make a final decision on the matter next week. While it is very unlikely that Trump has the ability to get out of the Paris Agreement, it is still clear that he will make no effort to help in any way to make his goals come true, and he does not have to. In fact, given that the president’s advisers now seem to appreciate, Trump has the opportunity to fulfill his campaign promises without undermining the Paris regime that the rest of the world has lagged behind.

The organization said it is working to reduce its use of the carbon footprint and waste in general in order to mitigate its influence on the environment. If you are a Texas oil company with many energy exports, you need to consider what is going to happen in the remaining part of the world, “says Godby. Therefore, energy companies such as Shell and General Electric are preparing for a low carbon energy future.

While it does not link any country with any solution 1, it concentrates all players in an identical challenge. The developed countries indicate that they will continue with their current financial purpose of mobilizing $ 100 billion each year by 2020. In a more extreme instance, other countries could choose to impose carbon tariffs on the United States. They are constantly judging each other’s positions in the world, said Mr. Victor. Now they are questioning their own financial commitments with the agreement. In short, countries that adopt renewable energy tend to obtain a large amount of investment capital that supports GDP growth.

In the short term, he could observe a galvanizing effect, he explained. Leaving the agreement will allow the US UU Avoid several harmful impacts of the agreement. The economic effect of instituting regulations related to the Paris agreement will be severe. Climate change is not about making money for many people and giving money to scientists. You can make a difference.

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