Paris Agreement: How Are We Doing in Achieving Our Goals

Paris Agreement: How Are We Doing in Achieving Our Goals

Climate change is something that has hit our world hard. It brings about a significant increase in sea level, with warmer oceans. There are noticeably more intense droughts that pose a great threat to wildlife and freshwater supplies. The truth is that the biodiversity of our planet is at serious risk, from the polar bears in the Artic down to the Marine turtles off the coast of Africa.

Climate change comes with a significant threat to countries, people, as well as plant and animal species. The main reason for climate change is an increase in the concentration of greenhouse gases in the atmosphere. These gases naturally regulate the climate of our world. But as we artificially add more gases to the atmosphere, either by burning fossils or forest burning, our climate becomes warmer. Our oceans start absorbing more of this extra carbon dioxide, hence making it uninhabitable for aquatic life.

This increase in the temperature of the world, as it stands, is disrupting the planet’s natural climate and is bringing about unpredictable weather. The records of droughts and heatwaves are increasing annually across the world.

What is the Paris Agreement?

The Paris Agreement is an agreement made within the United Nations Framework Convention on Climate Change (UNFCCC). Their primary aim is curbing greenhouse-gas-emissions, their mitigation, adaptation as well as financing of different measures to control these emissions. This agreement was drafted in 2015 and opened for signature on April 22, 2016 – Earth Day. The meeting, which was held in Paris, France (hence the name), had a total of 196 countries. It was recorded as one of the most ambitious and vital global climate meetings to have ever taken place.

The primary objective of the treaty was to have an explicit universal agreement emphatically designed to limit the global emission of greenhouse gases to levels that would prevent global temperatures from exceeding 2 °C (3.6 °F) above the temperature benchmark set before the beginning of the Industrial Revolution.

Paris Agreement: How Are We Doing in Achieving Our Goals
Source: https://www.gouvernement.fr/en/cop21

How are nations doing under the Paris Agreement?

Under the Paris agreement, the participating countries (196) are expected to determine, plan, and consistently report the contributions they have made towards mitigating global warming. There is no set laid-down law in mandatory compliance for the agreement. But each country is expected to have a target.

Now despite the agreement in 2016, reports show that world carbon emissions actually increased by 1.6% in the year 2017. They even went up to 2.7% in 2018. Some reports have suggested that the increase will continue in 2019 and we may see even higher scores. The analysis from actions taken so far suggests that if immediate action is taken, we could probably see a massive reduction in carbon emissions within 12 years. We could also hold global increases below 2°C and perhaps 1.5°C.

So does it mean countries are not making an effort to keep their part of the agreement? Climate Action Tracker (CAT) did extensive research into this and reported their findings. The CAT makes sure to cover all the major emitters and a few of the smaller emitters. They have accumulated data up to 80% of global emissions while grading countries based on their likelihood to comply with the Paris agreement.

“Few major emitters are taking the kind of action that will keep warming to 1.5 Celsius. But some, like India, the EU, and China, could step up at the New York climate summit and announce stronger targets,” says Bill Hare, CEO of Climate Analytics, one of the CAT’s constituent organizations.

Some countries that have made massive progress in greenhouse gas emission reduction include India, Morroco, The Gambia, those in the EU. The reports indicate that countries such as Russia, the U.S, Saudi Arabia, and Turkey are barely trying to make this happen.

Paris Agreement: How Are We Doing in Achieving Our Goals

What would happen if we didn’t do something now?

The truth remains, climate change is here, and it’s affecting everyone on the planet. If we don’t do something about it now, we could lose our world before the turn of the century. The good news is that the Paris agreement is in place. If only most of the countries emulated their hard-working counterparts on reducing gas emission, we would be on our way to a safer planet within a space of 20 years.

TreeCoin: We support the Paris Agreement

At TreeCoin, we understand the delicate balance between different natural ecosystems and the importance of maintaining their inherent stability. The Paris Agreement is the right step to counter climate change. The TreeCoin team supports its underlying principle. Our goal is to establish a sustainable timber production model that fits these principles. TreeCoin is going to plant over 37 million trees throughout its project lifecycle. We intend to use scientific research, testing, and sustainable business practices for our project.

Are you interested in knowing more about our project? Check out how we ensure sustainable production through our carefully planned harvesting schedule.

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