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  • Climate, Energy and Sustainable Finance

With EU ratification, Paris Agreement will come into force

  • Posted in 05/10/2016

The Paris Agreement, a global milestone in combating climate change, will come into force in the next 30 days. Last Tuesday (4), the Agreement was ratified by the Member States of the European Union, thus surpassing the minimum adherence target established by the document during the 21st Conference of the Parties (COP21). The agreement required the consent of at least 55 countries, which account for 55% of global greenhouse gas emissions. With the ratification of the European community, the Agreement is supported by 72 countries responsible for 56,75% of emissions.

In the words of the President of the European Commission, Jean-Claude Juncker, “the European Union has transformed climate ambition into climate action”. The next step will be the submission of ratification to the United Nations (UN), which is scheduled to happen next Friday (7). Thus, the Agreement will come into force before COP22, which will take place in Marrakesh from November 7 to 18 and where the actions that will achieve the objectives set out in the document will be negotiated.

The Brazilian Business Council for Sustainable Development (CEBDS) actively participated in the negotiations for the approval of the Agreement during COP21 in 2015, and continues to mobilize Brazilian businesspeople with the aim of presenting paths for the implementation of a low-carbon economy and articulating the public and private sectors, seeking to elevate sustainability to the center of strategic decisions. To learn more about the process of drafting the Agreement, check out the content produced by CEBDS.

To learn about the commitments made by the Brazilian government, read the NDC , which foresees the reduction of greenhouse gas emissions by 43% by 2030, the increase in the share of sustainable bioenergy in its energy matrix by 18% by 2030, the restoration and reforestation of 12 million hectares of forests, among other objectives.

Image – credits: European Parliament

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