Paris Cli­mate Agree­ment to en­ter into force on 4 Novem­ber

Financial Nigeria Magazine - - Development -

The his­toric Paris Agree­ment to ad­dress cli­mate change will en­ter into force on Novem­ber 4, the United Na­tions has an­nounced.

The Agree­ment pro­vides that it shall en­ter into force 30 days af­ter 55 coun­tries, rep­re­sent­ing 55 per cent of global emis­sions, have de­posited their in­stru­ments of rat­i­fi­ca­tion, ac­cep­tance or ac­ces­sion with the Sec­re­tary-Gen­eral. As of 5th Oc­to­ber, 73 coun­tries and the Euro­pean Union have joined the Agree­ment, ex­ceed­ing the 55 per cent thresh­old for emis­sions.

Aus­tria, Bo­livia, Canada, France, Ger­many, Hun­gary, Malta, Nepal, Por­tu­gal and Slo­vakia, as well as the Euro­pean Union were the lat­est coun­tries to join the Agree­ment, fol­low­ing New Zealand and In­dia, and the 31 coun­tries which joined at a spe­cial event at the UN on 21 Septem­ber dur­ing the Gen­eral As­sem­bly in Septem­ber. In early Septem­ber, the world's two largest emit­ters, China and the United States, joined the Agree­ment, pro­vid­ing the im­pe­tus for other coun­tries to quickly com­plete their do­mes­tic rat­i­fi­ca­tion or ap­proval pro­cesses.

The Paris Agree­ment's cen­tral aim is to strengthen the global re­sponse to the threat of cli­mate change by keep­ing the global tem­per­a­ture rise this cen­tury well be­low 2 de­grees Cel­sius above pre-industrial lev­els and to pur­sue ef­forts to limit it to 1.5 de­grees Cel­sius. 191 coun­tries have signed the Agree­ment, sig­ni­fy­ing their in­ten­tion to join.

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