The agreement provides a pathway forward to limit temperature rise to well below 2 degrees, maybe even 1.5. The agreement provides a mechanism to increase the level of ambition.
The Paris Agreement is an ambitious, dynamic and universal agreement. It covers all countries and all emissions, and is designed to last. This is a monumental agreement. It solidifies international cooperation for climate change. It provides a way forward.
The Paris Agreement sends a powerful signal to markets that now is the time to invest in the low emission economy. It contains a transparency framework to build mutual trust and confidence.
It will serve as an important tool in mobilizing finance technological support and capacity building for developing countries. And it will also help to scale up global efforts to address and minimize loss and damage from climate change.
Paris is a beginning—we now have to implement the Agreement. But we have taken a giant step forward.