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U.N.: Paris Climate Agreement Takes Effect

 https://www.stratfor.com/situation-report/un-paris-climate-agreement-takes-effect  NOVEMBER 4, 2016The Paris agreement under the U.N. Framework Convention on Climate Change entered into force Nov. 4, U.N. Dispatch reported. The deal was formulated in December 2015 and would put a cap on greenhouse gas emissions. In order to take effect, it had required that 55 parties whose emissions totaled to 55 percent of the world total ratify the pact. To date, 97 parties have signed on. The pact’s objective is to maintain global warming at below 2 degrees Celsius (3.6 degrees Fahrenheit) since the start of the Industrial Revolution, with 1.5 degrees Celsius as the goal. World leaders and activists will gather in Marrakech, Morocco, from Nov. 7-18 for a follow-up on the Paris meeting.

In spite of the fanfare, the Paris agreement on its own will not significantly alter countries’ behavior with regard to climate change. Instead, a variety of political, economic and technological factors will determine how different regions change their energy consumption to mitigate the threat of global warming. The transition beyond oil is already underway, as the world’s energy systems shift toward nuclear power, natural gas, renewables or some combination of the three.

November 5, 2016 - Posted by | 2 WORLD, climate change

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