It can be considered success especially after the failure of the Copenhagen climate conference in 2009. The central element of the new agreement is the long term goal to keep the global average temperature rise well below 2 degrees Celsius, and to pursue efforts to limit the temperature increase to 1.5 °C above pre-industrial levels.
Further goal is to achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases in the second half of this century. To reach this goal, significant carbon dioxide emission reduction effort and transition to low carbon emission economies will be required.
The emission-reducing contributions announced previously by the countries are not part of the Paris Agreement and they are not legally binding however the Agreement is based on these contributions and all of these efforts will resulting in developing and increasing of the ambition level made by countries. Each country has to establish, maintain and report about their nationally defined contribution level and furthermore has to make effective measures to reduce emission and to achieve the main goal of their own national contribution level. In addition one of the most important element of the Paris Agreement is the transparency system, in other words to measure, authenticate and review of the carbon dioxide emission level.
In the second week of the climate conference, in the High Level Segment (7-8th December) Minister of State András Aradszki from the Ministry of National Development represented Hungary. He stressed in his speech that a legally binding, ambitious, universal and long term agreement is needed. He announced that besides the HUF 1 billion already offered to the Green Climate Fund Hungary will provide further HUF 1 billion to developing countries in bilateral and multilateral cooperation to finance their climate actions.
The next climate conference (COP22) will be organized in Marrakesh, Morocco between 7 and 18 November 2016.
More information on the international climate negotiations can be found at the following links:
The text of the Paris Agreement
