Today the number of countries that have ratified the Paris Agreement has passed the 55% threshold of total global greenhouse gas emissions prompting the Paris Agreement to come into force in 30 days.
Reacting to the news, Nick Molho, Executive Director of the Aldersgate Group said: “The unprecedented speed by which the Paris Agreement will have entered into force is a significant achievement for international climate diplomacy. It confirms global political support for the transition to a low carbon economy, something which the world economy has already embarked on with a record $285bn invested in renewable energy last year. As the international low carbon economy continues to grow, the most competitive countries will be those that lead the development and export of energy efficient and low carbon goods and services.
Nick Molho added: “Global leaders must now use the COP22 summit in Morocco to start thrashing out the details of some of the major commitments made in Paris last year. In the UK, the government should respond to the economic opportunity provided by the entry into force of the Paris Agreement by developing an emissions reduction plan that will increase affordable private investment in energy efficiency and low carbon infrastructure as well as use the industrial strategy to maximise growth and employment opportunities in the low carbon supply chain.