Paris Agreement

The Paris Agreement is a global accord aimed at reducing greenhouse gas emissions and mitigating the effects of climate change. The agreement was signed in 2015 by almost 200 countries, with the goal of limiting global warming to well below 2°C and pursuing efforts to limit it to 1.5°C above pre-industrial levels. Recent developments include the approval of first carbon credits under the Paris Agreement market mechanism, warnings about the catastrophic effects of a 3C increase in global heating, and the UK's plan to cut climate finance for poor countries by a fifth. The agreement remains relevant as scientists confirm 2025 as the third-warmest year on record, and analysis shows that the world's richest 1% have already used their fair share of carbon emissions just 10 days into 2026. The Paris Agreement continues to be a crucial framework for international cooperation on climate change mitigation and adaptation efforts.