Post #11

The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 in Paris, on 12 December 2015 and entered into force on 4 November 2016. Its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. To achieve this long-term temperature goal, countries aim to reach global peaking of greenhouse gas emissions as soon as possible to achieve a climate neutral world by mid-century

The following quote is from The World Economic Forum web site at

“The real economy is not a side event in the global decarbonization effort.

  • The real economy needs to be at the centre of climate action, with the harder-to-abate sectors key to avoiding the worst impacts of climate change.
  • That means creating net-zero initiatives at the industry sector-level which bring together the most climate-ambitious companies to draw up net-zero transition strategies.
  • Such sectoral initiatives and industry platforms offer a critical complement to the national approach pursued by the Paris Agreement, but are not a substitute.

One of the adages of the environmental movement used to be “think global, act local”. There’s a lot to be said for encouraging individuals and organizations to take action close to home. But when it comes to addressing the climate impact of carbon-intensive industries, fragmented local action alone just won’t cut it. We must operate across borders to create systemic change across entire industrial sectors.”

The following quote is from

“The dramatic drop in global carbon emissions seen during the early days of the pandemic and global shutdowns would need to be matched every two years for the rest of the decade in order to meet the goals outlined in the Paris climate agreement, according to a new study, though the authors don’t recommend that the world rely on “lockdowns” to help battle climate change.”

Crucial Quote

“We have failed to understand in the past that we can’t have tackling climate change as a side issue. It can’t be about one law or policy, it has to be put at the heart of all policy,” the study’s lead author, Corinne Le Quéré, told The Guardian. “Every strategy and every plan from every government must be consistent with tackling climate change.”

Are you prepared for another series of lock-downs that will seal the fate of the world economy?


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Published by Kenneth E. Long

Author, college professor of economics, swimming and tennis enthusiast

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