The world climate conference in Morocco next Monday will focus on the ways to implement the Paris Agreement after it entered into force on Friday.
The Executive Secretary of UN Framework Convention on Climate Change (UNFCCC) Patricia Espinosa and President of COP22 Salaheddine Mezouar said in a joint statement that “The agreement is undoubtedly a turning point in the history of common human endeavor, capturing the combined political, economic and social will of governments, cities, regions, citizens, businesses and investors to overcome the existential threat of unchecked climate change.”
They said the foundations of the Paris Agreement are solid and other key features of humanity’s new home are starting to rise, stressing that “we cannot and we must not rest until the roof is in place. This November in Marrakesh we will make sure it will be in place, sooner rather than later.”
While this unprecedented achievement shows a clear commitment from countries across the globe to tackle climate change, there is much more work to be done in Morocco to translate this commitment into action.
The main goals set by the Paris Agreement are very critical and pressing.
The ambitious goal to limit global warming to no more than 1.5 degrees Celsius to avoid dangerous tipping points in the climate system means that global emissions must be driven down rapidly from the current near-peak.
Another key pledge in the agreement is that developed countries will continue to allocate 100 billion U.S. dollars per year from 2020 to 2025 in support of climate action by developing ones.
According to UN estimates, sustainable development will require 5-7 trillion dollars annually to fund the global transition to a low-carbon resilient economy.
To this end, creative funding options must be encouraged in both public and private sectors.
In addition to national determined contributions, COP22 also aims to include non-state actors into the Global Climate Action Agenda.