Paris Agreement

The COP 21’s Paris Agreement brings all nations into a common cause to undertake ambitious efforts to combat climate change and adapt to its effects, with enhanced support to assist developing countries to do so.

Its central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.

The Paris Agreement entered into force on 4 November 2016, thirty days after the date on which at least 55 parties to the Climate Convention accounting in total for at least an estimated 55% of the total global greenhouse gas emissions have deposited their instruments of ratification.

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Carbon sinks

Carbon sinks

Any processes, activities or mechanisms, including biomass, and especially forests and oceans, which have the property of removing a greenhouse gas, aerosols or precursors of greenhouse gases from the...

Permanence

Permanence

Time at which carbon stored by sequestration remains in a carbon pool without being rereleased. Only permanent carbon pools are acceptable for climate policy purposes.

Externality

Externality

The fact of existing outside the perceiving subject. This economic phenomenon can be categorized as positive or negative when, in the price of the good placed on the market, the social gains and losses resulting from its production or consumption, respectively, are...