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COP21 – a successful ‘end of the beginning

The Paris Agreement provides a clear signal and a solid framework for climate action. Balanced and ambitious in its objectives – including full decarbonization of the global economy before the end of the century – it has all the conditions to encourage everyone to do more.

In establishing a new international climate change regime, the Agreement focuses on the essentials: guiding countries towards low-carbon and climate resilient economies. The main challenge resides not in the direct implementation of the decisions taken in Paris, but rather in the alignment of countries’ national strategies with a decarbonization trajectory.

COP21 marks the advent of a new regime of international cooperation rather than a ‘utopian’ and politically unpalatable system to punish or coerce States to take action. It confirms the desire to engage both State and non-State actors on climate action. In this respect, it is a real victory of multilateralism.

Indeed, COP21 marks the “end of the beginning” of a long negotiations process to shift to a permanent regime, completed by regular appointments to boost ambition. This victory, however, will become historical only if this cooperation leads to enhanced action and concrete results. And this is where the hard work begins!

COP21 – a successful ‘end of the beginning Download
I4CE Contacts
Hadrien HAINAUT
Hadrien HAINAUT
Team Lead – Landscape of climate finance and energy scenarios Email
Vivian DEPOUES, PhD
Vivian DEPOUES, PhD
Research Lead – Adaptation to climate change Email
Benoît LEGUET
Benoît LEGUET
Managing Director Email
To learn more
  • 11/08/2024 Foreword of the week
    COP29: From ambition to action

    This coming Monday will see the start of COP29 – formally the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC), in Baku, Azerbaijan. The edition is nicknamed “the finance COP” and is important on more than one account, not least as Trump’s victory likely leads to a change of course for the US on climate commitment.

    The volume and structure of the finance mobilised to support developing countries to transition to low-emission and climate-resilient economies tops the agenda.

  • 10/28/2024
    French Observatory of Access Conditions to the Ecological Transition, 2024 Edition

    The ecological transition can only happen if all households have access to solutions – public transport, electric vehicles, home insulation, heating upgrades, etc. The issue of the access to transition solutions is therefore crucial for climate policies. Special attention should be paid to low- and middle-income households, as the necessary investments may not be sustainable for them. 

  • 10/25/2024 Blog post
    Reframing the stranded assets narrative for European private financial institutions

    The implementation of the new banking package (or Capital Requirements Directive package) that adopts the final parts of the international Basel 3 financial regulation is underway in the European Union. The European Banking Authority (EBA) along with the other European Supervisory Authorities (ESAs) is mandated to develop technical standards that provide the framework to help financial institutions comply with the new regulatory rules. Key among these standards is the novel guidance on ESG risks which is expected to be finalised by the EBA in the coming months. This is an opportune moment to address weaknesses in banks’ risk management practices, particularly regarding the underestimation of stranded asset risks, a missing angle in current policy debates.  

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Press contact Amélie FRITZ Head of Communication and press relations Email
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