Despite the achievements to date, the European Commission has stressed the urgency and calls on companies and organizations to accelerate actions to meet the goal of the Paris Agreement.
In 2015, at the COP21 climate conference in Paris, the “Paris Climate Agreement” – also known as the “Paris Accord” for short – was enshrined as a continuation of the Kyoto Protocol, in force until 2020.
197 contracting parties approved the agreement, almost all of whom have ratified it. The agreement implies a contract in international law under the United Nations Framework Convention on Climate Change (UNFCCC). Its goal is to limit global warming as much as possible to 1.5°C and well below 2°C compared to the pre-industrial level of 1850.
Unlike the Kyoto Protocol, the Agreement does not differentiate between industrialized and emerging countries; for the first time, the same principles apply to all signatory states. The Agreement on Reducing Greenhouse Gas Emissions is legally binding and originated under the United Nations Framework Convention on Climate Change (UNFCCC). In October 2016, the number of at least 55 states ratifying the agreement and responsible for at least 55 percent of global greenhouse gas emissions was reached.
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