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The 2015 Paris Agreement A preliminary assessment • On December 12, 2015, 195 countries signed a global agreement on climate change. • Here I provide a first-sight, very preliminary assessment of the agreement. The key document The key document is the “Adoption of the Paris Agreement”, downlodable at: http://unfccc.int/resource/docs/2015/cop21/eng /l09r01.pdf Here I discuss only the final part of the document (pages 21-32) containing the text of the adopted agreement Objectives Article 2 contains the statement of purposes of the agreement, namely: (a) to pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels, recognizing that this would significantly reduce the risks and impacts of climate change; (b) Increasing the ability to adapt to the adverse impacts of climate change and foster climate resilience and low greenhouse gas emissions development, in a manner that does not threaten food production; (c) Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development. Given the target…. …the correct process would be: • Given the objective of 1.5° C, compute the CO2 concentration which is consistent with such objective • Compare the forecasted “business as usual” concentration with the target level defined above and compute the necessary abatement in net emissions • Determine how the abatement effort is allocated to different countries. Instead: Mitigation Articles 4, 5 and 6 contain the main provisions regarding mitigation. The key point is (Art. 4(1)) Parties aim to reach global peaking of greenhouse gas emissions as soon as possible, recognizing that peaking will take longer for developing country Parties, and to undertake rapid reductions thereafter in accordance with best available science, so as to achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases in the second half of this century. Nationally determined contributions Art.4 (2,3) Each Party shall prepare, communicate and maintain successive nationally determined contributions that it intends to achieve. Parties shall pursue domestic mitigation measures with the aim of achieving the objectives of such contributions. Each Party’s successive (each 5 years or less) nationally determined contribution will represent a progression beyond the Party’s then current nationally determined contribution and reflect its highest possible ambition.. That is to say… …countries must each 5 years (or more often if they want) announce future targets which are no less ambitious than those stated 5 years before (or the previous time they announced a target). Flexible Mechanisms Article 6 deals with international cooperation and flexible mechanisms. 6(1) says Parties recognize that some Parties choose to pursue voluntary cooperation in the implementation of their nationally determined contributions to allow for higher ambition in their mitigation and adaptation actions and to promote sustainable development and environmental integrity. 6(3) says The use of internationally transferred mitigation outcomes to achieve nationally determined contributions under this Agreement shall be voluntary and authorized by participating Parties. In Kyoto Protocol flexible mechanisms where part of the agreement. Adaptation Art 7 (2): Parties recognize that adaptation is a global challenge faced by all with local, subnational, national, regional and international dimensions, and that it is a key component of and makes a contribution to the long-term global response to climate change to protect people, livelihoods and ecosystems, taking into account the urgent and immediate needs of those developing country Parties that are particularly vulnerable to the adverse effects of climate change. Money Art. 9 (1) Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention. Art. 9 (5) Developed country Parties shall biennially communicate indicative quantitative and qualitative information related to paragraphs 1 and 3 of this Article, as applicable, including, as available, projected levels of public financial resources to be provided to developing country Parties. Transparency… Art. 13 Countries are required to provide information concerning: (a) A national inventory report of anthropogenic emissions by sources and removals by sinks of greenhouse gases, prepared using good practice methodologies accepted by the Intergovernmental Panel on Climate Change and agreed upon by the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement; (b) Information necessary to track progress made in implementing and achieving its nationally determined contribution under Article 4. • An expert commission will check this communications, commenting on how they are consistent with the transparency and the accountability required …and sanctions Art 15 deals with sanctions. They simply do not exist. The only mechanism which exerts some ex post control shall consist of a committee that shall be expert-based and facilitative in nature and function in a manner that is transparent, nonadversarial and non-punitive. Weak final Remarks The main value of the Agreement is political. - On the one hand, it was impossible, in the face of public opinion, to leave Paris without any agreement on climate change. From this point of view, the 1.5° C target is mainly a political message - On the other hand, countries with a genuine commitment to climate policy at least tried to establish some common ground for future, more substantial, agreements • Voluntary commitments are obviously weak, but, by making the first step, countries genuinely committed may at least set an example and provide experience to other countries (“Look, it is possible to reduce emissions without disrupting the economy!”) • It is better a weak agreement today, with local “enthusiasts”, than a strong, global agreement in 2070…(or not?)