On April 22, it will be signed by numerous heads of state. The agreement sets crucial goals to limit global temperature increases, and specific goals in three areas – mitigation, adaptation and finance.
Many expected the conference to be a talk shop with not many effective results. Obviously it's too early for any tangible results to be seen – but the agreement has many positive points.
The long-term goal of limiting temperature increases to 2°C – or a second, more ambitious target of 1.5°C – guides the agreement. Mitigation includes a long-term goal – early peaking, balancing emissions and sinks. The accompanying decision indicates that emissions need to be reduced from 55 gigatonnes (Gt) to 40Gt in 2030, a massive gap of 15Gt.
A new global adaptation goal aims to increase countries' adaptive capacity and resilience. There are also aims to achieve a finance increase to US$100 billion per year post 2020.