Climate change in COP 22: irreversibility of action and rulebook development despite the elephant in the room
The design of the Paris Agreement set the stage for a technical meeting in COP 22 but the stakes were raised in the aftermath of the US election. Implementation, increased ambition and a just transition are the pending tasks.
Although much remains to be done by China to set the world on a climate-bearable path, China’s efforts are significant and its ratification of the Paris Agreement ahead of the G-20 meeting is a key step for the entry into force of Kyoto’s successor.
The UK vote to leave the EU has caught the world off guard. Internationally there will be a delay in the EU’s ratification of the Paris Agreement. Uncertainty is the key word at present but both the climate challenge and existing climate commitments remain unchanged.
The implementation of the Paris Agreement and Sustainable Development Goals (SDGs) offer significant opportunities for Spanish investors while supporting Latin American countries in the achievement of low-carbon and resilient development. Institutional, knowledge and infrastructure challenges require attention to maximise these opportunities.
The Paris Agreement is a turning point in the multilateral fight against climate change. Implementation will, however, be key in determining the extent of our collective will to limit dangerous interference with the climate system.
Acuerdo final aprobado en París tras la celebración de la conferencia sobre el cambio climático COP21 en la que tanto las naciones desarrolladas como los países en desarrollo se han comprometido a gestionar la transición hacia una economía baja en carbono.
Final agreement reached in Paris after the conference on climate change, COP21. Both developed and developing countries have commited to progressively transition to a low-carbon economy.