As we approach the end of 2021, many people are wondering which agreements and contracts are set to expire in the coming years. One such agreement that has been making headlines recently is the Paris Agreement on Climate Change.
The Paris Agreement is a legally binding international treaty signed in 2015 by 196 countries, including the United States. Its goal is to limit global warming to below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius.
The Paris Agreement has become a crucial tool for addressing climate change, which is considered one of the greatest threats facing our planet. However, the agreement is set to expire in 2023, and there are concerns about what will happen next.
Many countries have pledged to continue their efforts to reduce greenhouse gas emissions and meet the goals of the Paris Agreement, even if the United States decides to withdraw. However, without the backing of the world`s largest economy and one of the biggest emitters of greenhouse gases, it will be much more difficult to achieve the goals of the agreement.
There is also concern that without a new agreement to replace the Paris Agreement, countries may become complacent in their efforts to combat climate change. The urgency of the problem may be lost, and progress may slow down.
So what can we expect in the coming years? It is unclear at this point what will happen when the Paris Agreement expires in 2023. Some experts believe that a new agreement will be negotiated and signed, while others fear that the world will be left without a comprehensive plan to address climate change.
Regardless of what happens, it is clear that the fight against climate change must continue. Individuals, businesses, and governments must work together to reduce greenhouse gas emissions, invest in renewable energy, and take other steps to protect our planet. The Paris Agreement may come to an end in 2023, but our commitment to fighting climate change must not.