Beijing: According to Chinese state news agency Xinhua, China’s top legislature has ratified the global climate agreement in Paris.
The key points of the Paris agreement are:
- Global temperature increase should not increase to 2C (36F) and efforts shall be made to limit it to 1.5C (27F).
- To balance the sinks and sources of greenhouse gases between 2050 and 2100 and to quickly peak emissions of greenhouse gases.
- Every country that ratifies the agreement cannot exit the agreement for at least 3 years.
- Developing countries would be given $100 billion as climate finance, countries will also make a commitment to further financing in the future.
Last year in December global leaders made an agreement to decrease the global temperature by 2 degrees until 2050.
The comprehensive climate agreement could not be implemented until it is ratified by the countries which produce 55% of global carbon emissions.
China is the largest CO2 producing country in the world currently, if you combine it with United States just these two countries produce 40% of the global warming gases.
It is expected that both United States and China will jointly announce the ratification during or after the G20 conference scheduled to be held in Hangzhou.
After signing the Global Climate Agreement China will have to shut down its coal power plants which are the largest emitters of CO2 in the atmosphere.
Do note that almost 200 countries participated in the dialogue on global climate agreement for two weeks in December, 2015 in Paris. The US president Barack Obama declared the Paris agreement as a best opportunity to save our planet Earth.
In a statement Barack Obama had said, “the Paris agreement establishes the enduring framework the world needs to solve the climate crisis. It creates the mechanism, the architecture, for us to continually tackle this problem in an effective way.
This agreement is ambitious, with every nation setting and committing to their own specific targets, even as we take into account differences among nations. We’ll have a strong system of transparency, including periodic reviews and independent assessments, to help hold every country accountable for meeting its commitments.”