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The Paris Summit: the beginning of the end of the carbon economy
Keywords: COP21, UNFCCC, Paris, Climate agreements
Author(s): María Victoria Román and Ibon Galarraga
Date: 2016-10-08
Issue: 2016-01
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-The Paris Agreement is the basis for increased, transparent and coordinated action of all countries.
-The key of the success was the extraordinary transparency and confidence throughout the process.
- While the Kyoto protocol covered 14% of emissions, 98% of emissions are covered by the new regime.
-Countries will increase ambition every 5 years for closing a gap of, currently, 15 gigatonnes.
-The goal of mobilizing $100 billion per year for climate aid will be revised onwards from 2025.