Common Contracts
1 similar Climate Agreement contracts
IntroductionClimate Agreement • January 20th, 2023
On December 12, 2015, meeting in Paris under the auspices of the UN Framework Convention on Climate Change, 195 nations signed what has been hailed as an historic climate agreement.1 The agreement was recognized as a “turning point, that this is the moment we finally determined we would save our planet” and that the assembled nations “share a sense of urgency about this challenge and a growing realization that it is within our power to do something about it.”2 The signatories pledged to reduce carbon emissions with the intent of keeping global warming below 2˚C while pursuing the more ambitious target of limiting temperature increases to 1.5˚C from preindustrial levels. Although the short 11-page agreement does not set legally binding emissions limits, the parties committed themselves to a regime that requires them to report on the progress of their commitments every five years beginning in 2020.3
