Paris climate change agreement lacks bite

The Paris climate change agreement may not have solved global warming, but it creates the architecture to tackle the problem, and it shows a shared positive intent.

The Paris climate change agreement was "historic", says John Cassidy in The New Yorker: 188 nations pledged to cut carbon emissions and limit global warming to "well below 2C above pre-industrial levels". However, the "cost of bringing all sides together was considerable". This was no "binding agreement with economic incentives for good behaviour and sanctions for scofflaws". It was "what a sceptic might describe as a common expression of good intentions". Aware the US senate would never ratify a formal treaty, the Obama administration insisted the deal be non-binding. China agreed. If a country fails to live up to its promises, "there is no recourse beyond naming and shaming".

Quite, says Matt Ridley in The Times. What world leaders have actually signed up to is voluntary emission limits, voluntary progress regimes and voluntary contributions to a green climate fund. Developed countries have to "mobilise" $100bn a year to help developing countries by 2020. All this will cost a fortune, says Tom Bawden in The Independent. According to the International Energy Agency, countries need to find $16.5trn by 2030 if they are to meet their pledges.

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Emily Hohler
Politics editor

Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.

Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.