PE Live: Paris climate contributions are standardising
Second round of NDCs sees greater similarity in formats, with many adopting net-zero targets
Countries’ contributions towards the Paris Agreement have become more standardised since first being proposed, making them easier to evaluate, according to panellists on a PE live debate titled Everything the World Needs to Achieve at Cop26. The Paris Agreement—reached in 2015—is a legally binding agreement to limit global warming to below 2°C this century. But although the overall agreement is binding, national contributions to it are voluntary, with the idea that each country would contribute what it could and that these contributions would then be ‘ratcheted’ over time to increase ambition to the required levels. This resulted in the so called ‘nationally determined contributions’ (NDCs)
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity