Beyond the Paris Climate Agreement
If the world is to have any chance of meeting its climate targets, strong action must be taken now to reduce emissions drastically – action that goes beyond the Paris climate agreement. What is needed is a fundamental transformation of how business does business.
COPENHAGEN – Now that it has been ratified by India and the European Union, the Paris climate agreement is set to enter into force. But the hard part is yet to come: turning the agreement’s vague political commitments into concrete action to mitigate global warming.
The Paris agreement, concluded last December, was a major accomplishment and an unprecedented display of political unity in the effort to tackle one of the most dangerous and complicated threats to our future welfare and prosperity. By including the entire international community in its partly binding framework, the deal establishes a new paradigm in global governance.
But, in practical terms, the agreement is hardly a guarantee of success. It provides no tools to ensure implementation of the policies and measures needed to keep global warming “well below” two degrees Celsius above pre-industrial levels, the threshold that forms the centerpiece of the deal.