Overall, the Paris Agreement represents a significant step forward in global efforts to address climate change. While there are challenges in implementing the agreement, it has also led to increased awareness and action on climate change, including in litigation and human rights contexts.
The Paris Agreement is a landmark in the multilateral climate change process because, for the first time, a binding agreement brings all nations together to combat climate change and adapt to its effects.
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The agreement aims to substantially reduce global greenhouse gas emissions in an effort to limit the global temperature increase in this century to 2 degrees Celsius above preindustrial levels, while pursuing the means to limit the increase to 1.5 degrees.
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The EU and all its member states have signed and ratified the Paris Agreement and are strongly committed to its implementation. In line with this commitment, EU countries have agreed to set the EU on course to becoming the first climate-neutral economy and society by 2050.
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Newtral
Jan 19, 2024
As the world grapples with the escalating impacts of climate change, the Paris Agreement stands as the most significant global effort to tackle this existential threat. But what exactly is the Paris Agreement, why does it matter for businesses, and how can companies align with its goals?
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