In what supporters are calling a historic achievement, 196 nations attending the COP21 climate meetings outside Paris voted to adopt an agreement Saturday that covers both developed and developing countries. Their respective governments will now need to adopt the deal.
Presenting the plan aimed at curbing global warming ahead of Saturday’s vote, France’s Foreign Minister Laurent Fabius told the delegations, “You go into this room to decide a historic agreement. The world holds its breath and it counts on you.”
The agreement, which was publicly released Saturday morning (ET), sets the goal of limiting the world’s rise in average temperature to “well below 2 degrees Celsius above preindustrial levels and pursuing efforts to limit the temperature increase to 1.5 degrees Celsius.”
Reporting on details of the deal, NPR’s Christopher Joyce says, “To help developing countries switch from fossil fuels to greener sources of energy and adapt to the effects of climate change, the developed world will provide $100 billion a year.”
He adds that the 1.5-degree cap was sought by island nations.
Under the agreement, the Obama administration says that for the first time, all countries will be required to report on “national inventories of emissions by source” and also to report on their mitigation efforts.
President Obama will reportedly discuss the agreement at 5:30 p.m. ET.
UN Secretary-General Ban Ki-moon said: “With these elements in place, markets now have the clear signal they need to unleash the full force of human ingenuity and scale up investments that will generate low-emissions, resilient growth,” adding that “what was once unthinkable has now become unstoppable.”
You can watch the stream of the Paris event online.