Paris Rulebook And Its Role In Global Climate Action & Politics

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Mumbai: As world leaders prepare to meet in Glasgow, UK, in November 2021 for the COP26, experts say they must bolster the ‘Paris Rulebook’ in order to obligate countries to set adequate emissions targets, report on their progress transparently, provide finance to developing countries to meet their commitments, as well as operationalise carbon markets.

The 2018 Paris Rulebook governs how the world community of 191 countries must pledge emissions reduction targets under the Paris Agreement and report on their progress. It also contains provisions for rich countries to provide climate action finance to developing countries. But the Paris Rulebook has been largely ignored, a new report and an IndiaSpend analysis show. Countries have not yet agreed to the transparency and accountability mechanisms that will enable independent verification of the adequacy of their targets and the success of their efforts to meet them, and as many as 40% of countries (78) are…

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