Framework from 2020: Paris Agreement
September 8, 2016
The Paris Agreement was adopted at COP21 in Paris, France.
What was achieved in Paris
- New international framework in place of Kyoto Protocol for GHG emission reductions from 2020
- Reached Agreement that is fair and applicable to all Parties for the first time in history
- Prime Minister Abe attended the Leaders Event hosted by President Holland of France and announced JPY 1.3 trillion of public & private climate finance in 2020, 1.3 times up from the current level, to developing countries. This pledge is to contribute to realization of USD 100 billion target by 2020 for combined financial support from developed countries, which facilitated the successful adoption of the Paris Agreement.
Key elements of the Paris Agreement
- Setting a long-term common global goal for holding the increase in the global average temperature to well below 2 degrees above pre-industrial levels, and pursuing efforts to limit the temperature increase to 1.5 degrees above pre-industrial levels
- Updating and communicating an emission reduction target every five years
- Reporting on the progress in implementation of a target and reviewing in common but flexible manner.
- Use of market mechanisms, including JCM
- Setting the global goal on adaptation, and engaging in adaptation planning processes and the implementation of actions
- Providing financial resources by developed country Parties to assist developing country Parties, and providing support voluntarily by other Parties
- Recognizing the importance of innovation
- Taking stock of the implementation of this Agreement to assess the collective progress towards achieving the purpose of this Agreement and its long-term goals (global stocktake) every five years
- Entry into force requiring at least 55 Parties accounting for at least 55 percent of the total global GHG emissions.