Energy
(NEW YORK) – The EU signed the global Paris climate agreement in a high-level ceremony in New York. The agreement was concluded at the UN climate change conference in December 2015 that took place in Paris.
Dutch Minister for the Environment and President of the Council, Sharon Dijksma, said: “The Paris Agreement is a real turning point in limiting temperature rise and preventing risks posed by climate change. This signature sets out in black and white the EU’s commitment to do its part and keep up the momentum from Paris. Continuous action is required.”
Ratification and entry into force
The Paris Agreement will now enter into force after ratification from at least 55 countries accounting together for at least 55% of global greenhouse gas emissions. It will then become legally binding for the countries that have ratified it.
Main elements of the Paris Agreement
The Paris Agreement aims to keep global temperature rise well below 2°C and to make efforts to keep it to 1.5°C (compared to pre-industrial levels). To this end, countries have an obligation to take measures to reduce their emissions.
There will be a review process every five years to take stock and increase ambition over time. The progress of countries in their commitments will be tracked to ensure transparency and accountability. The need for all countries to adapt to climate change by preparing and reinforcing their resilience is also acknowledged.
In terms of solidarity, the EU and other developed countries commit to continue providing climate finance to developing countries.
