We’ve looked in detail at the Paris Agreement with our team back home in Australia. It looks good. Better than any of us anticipated.
The top line summary is this:
1. The agreement is strong, and referenced to science.
2. The agreement is universal.
3. The agreement makes clear that countries will have to up their game over time.
What does the agreement mean?
As Keith Tuffley CEO, The B Team said: “This transformation will be fast, exciting and prosperous for those who “get it”. And if we now know that we’re going to zero, why would you invest in fossil fuels. Massive amounts of capital will now start shifting to where it is most needed.”
The emissions pledges given by nations for this agreement will not keep us below 1.5 degrees. That’s why the process for ratcheting up commitments over time is so important.
2. It doesn’t do enough to
The gavel has gone down and the Agreement is adopted. Now the hard work starts in implementing it! It is not perfect and there is such a long way to go, but the agreement is strong and will be an absolute game changer.
Climate Council CEO