He was speaking to diplomats and negotiators, and in extension to world leaders, who sent their top diplomats and climate experts to thresh out the deal in a conference center in the outskirts of Paris.
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Immediately after the adoption of the Paris Agreement, the World Bank and the International Monetary Fund, two largest multilateral financing institutions threw their weight behind the accord and said they will help countries across the globe fight climate change. More importantly, by adopting the agreement, countries across the globe have committed to end fossil-fuel domination and they have to ensure that net greenhouse gas emissions are zero in the second half of the century.
“Critical issues such as binding emissions reductions, legal responsibilities for loss and damage, and the recognition of human rights are all conspicuously absent from the main body of the text”, he added.
India’s Environment and Foreign Minister Prakash Javadekar felt the pact could have been more ambitious as the commitment from rich nations was “much below” what was expected of them, but felt the basic concept of common but differentiated responsibilities towards environment protecting was largely addressed. It is very important that all the nations of the world cut their carbon emissions and employ greener technologies like wind and solar, which could contribute towards curbing the rising temperature levels around the world.
No treaty, no document, no global deal – especially a global deal – is ideal. Green Prophet’s read the 31-page agreement and we urge you to do the same.
“We came together around the strong agreement the world needed”.
As previously agreed, all developed countries will collectively mobilise $100 billion per year from both the public and private sector, to help the poorest and most vulnerable countries to protect themselves from the effects of climate change and support low carbon development.
The billions of dollars pledged by developed countries will be matched with the trillions of dollars that will flow to low carbon investment. Given, that it is a Republican-majority Senate, it would meant that like the Kyoto Protocol the Paris Accord would be dead on arrival. Under the 1997 agreement, developed nations were asked to cut down their emissions. All countries will be required to take some action to reduce greenhouse gas emissions, regardless of economic development, by 2020. Earlier, French President Francois Hollande had called Modi in an apparent bid to persuade India to go with the deal.
Michael Jacobs said: “Governments have created a system to put huge pressure on themselves to act, every five years, which is something they would normally never do”.
In other words, this generation has taken vital steps to ensure that our children and grandchildren will see that we did our duty in securing the future of our planet.
The civil society organisations termed the deal as weak and unambitious.
Modi said that the outcome of Paris Agreement has no winners or losers and climate justice has won.
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For US President Barack Obama, it is a legacy-defining accomplishment that, he said at the White House, represents “the best chance we have to save the one planet that we’ve got”.
