The UN report warns that the terrible effects of climate change will come sooner than expected. This is why we need to follow the report`s advice and why every tonne of emissions reduction can make a difference. In addition, countries are working to reach ”the global peak in greenhouse gas emissions” as soon as possible. The agreement has been described as an incentive and engine for the sale of fossil fuels. [13] But Trump couldn`t leave the agreement immediately – he can only do so after the November election, in a strange time. We conclude with a narrative discussion on our results, which represents what we consider to be the main arguments of the literature, why or why not, the Paris Agreement will succeed in meeting the challenges of climate change. We continue to reflect on the method and present its benefits in terms of comprehensiveness and transparency, as well as some restrictions on its application to qualitative evaluations of ex ante policies. Unlike the Kyoto Protocol, which set legally binding emission reduction targets (as well as penalties for non-compliance) only for industrialized countries, the Paris Agreement requires all countries – rich, poor, developed and developing – to take their share and reduce their greenhouse gas emissions. To this end, the Paris Agreement provides for greater flexibility: commitments that countries should make are not included, countries can voluntarily set their emissions targets and countries will not be penalized if they do not meet their proposed targets. But what the Paris agreement requires is to monitor, report and reassess, over time, the objectives of individual and collective countries, in order to bring the world closer to the broader objectives of the agreement.

And the agreement stipulates that countries must announce their next round of targets every five years, contrary to the Kyoto Protocol, which was aimed at this target but which contained no specific requirements to achieve this goal. Whatever happens, the country will have lost credibility in climate protection, Oppenheimer says. ”The United States can`t just step in and pretend it`s all back to 2015,” he says. ”It`s going to have to work to regain trust.” Under the Paris Agreement, each country must define, plan and report regularly on its contribution to the fight against global warming. [6] There is no mechanism for a country[7] to set an emission target for a specified date,[8] but any target should go beyond the previous targets.

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