Details will slow Paris Agreement's implementation
Thursday, April 21, 2016
Significance
The climate pact sets forward an ambitious vision of global climate governance, with significant implications for policymakers and investors, but the Paris Agreement will now move beyond bold rhetoric to more contentious issues related to ratification and implementation.
Impacts
- Many developing countries are still wary of making unconditional pledges without additional support from developed countries.
- Morocco -- the host of this year's COP22 summit in November -- will set the pace for the global shift to renewables.
- Climate-driven water shortages may 'strand' once-lucrative investments in farmland.