Thursday 14 January 2016 – The London Stock Exchange celebrated 2016 as the year of green finance today at a market opening ceremony during which investors were invited to support the Paris Agreement on climate change.
Nikhil Rathi, CEO of the London Stock Exchange, called on finance leaders to join his organisation in signing the Paris Pledge for Action, an unprecedented gathering of businesses, investors, cities and regions committed to ensuring that the ambition set out last month by the Paris Agreement is met or exceeded.
L’Appel de Paris: holding each other to account after COP21
Thursday 7 January 2016 – Building on the experience of the Corporate Climate Communiqués, the Paris Pledge for Action (L’Appel de Paris), a collective statement by non-state actors, is crucial for the successful implementation of the Paris Agreement on climate change, explains Nicolette Bartlett.
There were many speeches during those giddy moments after the gavel came down on COP21 a month ago and we realised we had the first universal global agreement on climate change. Tweetable soundbites and grand phrases were everywhere but two in particular stayed with me. First, I remember Christiana Figueres, the UN climate chief since 2010, stating: “I used to say: we must, we can, we will. Today we can say we did.”
Launch of the Paris Pledge for Action
Wednesday 16 December 2015 – Today in Paris, Minister Fabius, the COP21 President, called for non-state actors to show their support for climate action by joining the Paris Pledge for Action.
Joining the pledge will provide the opportunity for cities, regions, businesses, investors, civil society groups, trade unions and other signatories to show that they are willing to work and support government efforts in meeting and exceeding commitments made to keep the world on a trajectory that keeps us within 2 degrees.
At the launch, Minister Fabius said, “Non-state actor leadership is key to the success of COP21 and to the effective transition to a low-emissions and climate-resilient future. The world needs you to step up and rise to the challenges of climate change and sustainable development. This is why I strongly encourage you to take bold actions and make ambitious commitments, both individually and collectively, register them on NAZCA, and sign on to the Paris pledge, to make sure the pledges made in Paris by governments are achieved or even exceeded.”
Historic Paris Agreement on Climate Change
Paris, 12 December 2015 – 195 Nations Set Path to Keep Temperature Rise Well Below 2 Degrees Celsius
An historic agreement to combat climate change and unleash actions and investment towards a low carbon, resilient and sustainable future was agreed by 195 nations in Paris today.
The Paris Agreement for the first time brings all nations into a common cause based on their historic, current and future responsibilities.
The universal agreement’s main aim is to keep a global temperature rise this century well below 2 degrees Celsius and to drive efforts to limit the temperature increase even further to 1.5 degrees Celsius above pre-industrial levels.
The 1.5 degree Celsius limit is a significantly safer defense line against the worst impacts of a changing climate.
Additionally, the agreement aims to strengthen the ability to deal with the impacts of climate change.
To reach these ambitious and important goals, appropriate financial flows will be put in place, thus making stronger action by developing countries and the most vulnerable possible, in line with their own national objectives.
“The Paris Agreement allows each delegation and group of countries to go back home with their heads held high. Our collective effort is worth more than the sum of our individual effort. Our responsibility to history is immense,” said Laurent Fabius, President of the COP 21 UN Climate change conference and French Foreign Minister.