LA CUMBRE DE PARÍS, ¿UN RESULTADO HISTÓRICO?

After two weeks of harsh negotiations, the Paris Agreement was finally adopted on Saturday, 12th of December 2015. With it, a very important milestone in global climate policy has been reached, since it constitutes the basis for increased, transparent and coordinated ambition of all countries in the coming years. The achievements of Paris have surpassed the prospects of many analysts, who were already familiarized with the slow and full of pitfalls path of climate negotiations. Prior to the Summit, experts coincided in, at least, four areas in which a successful agreement should make progress: the adoption of a universal legally binding protocol or agreement; a system of periodical review of the ambition of the Intended Nationally Determined Contributions (INDCs), and to monitor progress towards targets; increased funding commitments; and new governance systems. As further detailed below, the Paris Agreement means progress in all these aspects, and also in other important aspects.