OECD welcomes COP21 agreement

World leaders from nearly 200 countries worldwide have reached an agreement at the end of the COP21 summit held in Paris for the past two weeks.

The deal aims to limit global warming by setting a temperature cap of 2 degrees Celsius change, with an aim for 1.5 degrees change, which is to be met through a worldwide shift away from fossil fuels and toward more renewable sources of energy.

Reporting on details of the deal, NPR’s Christopher Joyce said that in order to help developing countries switch from fossil fuels to greener sources of energy and adapt to the effects of climate change, the developed world will provide $100bn a year.

OECD Secretary-General Angel Gurría said that the Paris agreement “marks a decisive turning point in our response to climate change.”

“I strongly applaud this historic commitment and the robustness of a deal that includes an ambitious target for limiting the global temperature rise, a five-year review cycle, clear rules on transparency, a global goal for resilience and reducing vulnerability and a framework for supporting developing countries.

“Each country must spell out a credible roadmap for action consistent with the goal of holding the average temperature increase to well below 2 °C above pre-industrial levels and pursuing efforts to limit the increase to 1.5 °C.

“The timescale and sequencing of actions will vary across countries, reflecting their different circumstances, but this goal requires the full engagement of all major economies.

“Sustainable development and climate goals must be mutually reinforcing and advanced economies must fulfil their promises to support developing countries in addressing climate change with finance, technology and capacity building.

“Strong and coherent domestic policy is essential to drive the changes we need, including putting a meaningful price on carbon, eliminating fossil fuel subsidies, spurring investment in green technologies and innovation and tackling the policy misalignments that impede climate action,” Gurría said.

The deal will now have to be approved by each national government.

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