Laurent Fabius, chair of the 2015 UNFCCC and Christiana Figueres, executive secretary of the UNFCCC celebrating the adoption of the Paris agreement. Source: (BBC,2015). |
Review mechanism
A key component of the agreement, and a vital one to ensure that the 1.5 degree target is met is a reviewing mechanism. There will be a review of what countries are proposing by 2019 and followed by a global stocktake (review) in 2023 and every five years after used to enhance and update nationally determined contributions.
Progression over time:
The first thing to note is that although the original aim of the agreement (Paris, 2015) was to reach, for the first time, a universal, legally binding agreement, the Paris agreement is in fact part legally binding and partly voluntary.
The aspects of the agreement that are legal include the obligation for countries to set nationally determined contributions (emissions targets) and the review mechanism. Furthermore, each "successive nationally determined contribution will represent a progression". This is a vital component for reaching the 1.5C target as the current INDCs submitted, at best have the capability of limiting temperature rises to 2.7C by 2100 (see INDCs blog).
However, under the Paris agreement the targets themselves will not be legally binding. Instead the UN is banking on peer pressure to ensure that the INDCs achieve what they have been designed to do. That said, as Matt McGrath highlights, peer pressure has been successful thus far in ensuring 187 countries lodged INDCs in the run up to COP21 (BBC, 2015)
Equity and the principle of common but differentiated responsibilities:
The Paris agreement marks a significant change from the Kyoto protocol which excluded developing countries and marks a positive shift from Copenhagen where developed/developing debates raged surrounding historical responsibility. The Paris agreement is designed to get around differentiation, recognising equity and the principle of common responsibilities (we are all in this together) and respective capabilities, in light of different national circumstances (levels of development). Over time developing countries will do more and more with assistance provided from developed countries.
Climate finance:
Climate finance and the $100 billion climate fund pledged in Copenhagen to help with adaption were predicted to be one of the biggest areas of contention going into COP21, and 'grey areas' such as where the money is coming from still remain. That said the agreement does include new legally binding financial commitments. The agreement requires rich nations to maintain a $100bn a year funding pledge beyond 2020, and to use that figure as a "floor" for further support agreed by 2025.
My thought so far:
There s no doubt that COP21 and the Paris Agreement have surpassed expectations (just look at my pre-COP predictions blog). No wonder they were cheering in the video - a spine tingling moment.
The Kyoto protocol set emission cutting targets for only a small group of developed countries and the US did not even ratify. The Paris agreement breaks down differentiation, uniting all nations regardless of development in a single (partially) legally binding agreement to tackle climate change for the first time in history.
However the Paris agreement and the nationally determined contributions must be stepped up and we can but hope that the legally binding review mechanisms will ensure this.
Although significant, the aspiration of a 1.5C target is meaningless unless the mechanism of the Paris Agreement and individual nations, through the nationally determined contributions really create rapid change. If not, 1.5C and maybe 2C+ will become out of reach before we know it. Only time will tell if the Paris agreement is enough. A long time and too long to have a second chance. The Paris agreement is the best chance we have got.