A study released on Tuesday by the International Finance Corporation (IFC), a member of World Bank Group, shows that the historic global agreement on climate change adopted in Paris a year ago helped open up almost $23-trillion in opportunities for climate-smart investments in emerging markets between now and 2030. At the United Nations climate summit at Marrakech, which began on 7 November, the results of the US Presidential elections are informally a part of the agenda for the first few days. Detailed information on the current status of the agreement and its content can be found here. "We just had the hottest five-year period on record, with 2015 claiming the title of hottest individual year".
The morning of last Monday in Marrakech, Laurent Fabius, the Environment Minister of France, who was president of the United Nations Framework on Climate Change's (UNFCCC) 21st Conference of Parties (COP21) since last December, handed over the presidency to Hakima El Haite, the Environment Minister of Morocco.
The Philippines past year signed up with the rest of the world to the pact, which aims to cap global warming at well below two degrees Celsius, and 1.5 Celsius if possible, compared with pre-industrial levels.
At the conference, the first global climate talk after last year's landmark Paris Agreement, a wide range of stakeholders will tackle a diverse spread of topics, from renewable energy to blue carbon.
The Obama administration played a key role in making the Paris deal come together, particularly by forming a partnership with China that saw the world's top two polluters take the lead in global efforts to slash emissions of carbon dioxide and other greenhouse gases.
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Substitutes: Aaron Ramsey (for Coquelin, 64) 7, Olivier Giroud (for Iwobi, 70) 6, Alex Oxlade-Chamberlain (for Walcott 70) 7. The 20-year-old will be hoping that this is just a minor blip in his season and he can improve from here on in.
"Now it's time to get down to the business of getting a fair deal and stronger climate action from negotiations in Morocco", said Renato Redentor Constantino, Executive Director of the Institute for Climate and Sustainable Cities (ICSC).
"We have a concrete program to help our developing partners".
For her part, Al Haite urged effective action to over the climate change phenomenon which threatens the future of the whole world. It became a law on 4 November after several countries from the European nations, Canada, Bolivia and Nepal last month pushed the agreement past the 55% emitter limit needed for implementation.
Getting on track "means a global transformation" of the world economy to cleaner energies in sectors from energy to transport, Moroccan Environment Minister Hakima El Haite told Reuters.
"COP22 is really a COP of implementation and action", lead USA negotiator Jonathan Pershing told journalists in a teleconference, using the acronym for the annual Conference of the Parties climate meet. Once the deal took effect on Friday, the rules require at least four years to pass before the U.S. could withdraw.