The Paris Agreement Article 9.5: What You Need to Know
The Paris Agreement, signed in 2015, is an international treaty aimed at combatting climate change. It aims to limit global warming to well below 2 degrees Celsius above pre-industrial levels, and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius. The agreement also seeks to strengthen the ability of countries to deal with the impacts of climate change.
One of the key aspects of the Paris Agreement is Article 9.5, which focuses on the role of public and private finance in supporting developing countries in their efforts to address climate change. This article is critical to the success of the Paris Agreement, as it recognizes the importance of providing financial resources to developing countries so that they can reduce their greenhouse gas emissions and adapt to the impacts of climate change.
The primary goal of Article 9.5 is to ensure that developing countries have access to the necessary financial resources to implement their climate change plans and strategies. This includes funding for mitigation actions, such as reducing emissions from energy and transportation systems, as well as funding for adaptation measures, such as protecting vulnerable communities from the impacts of extreme weather events.
To achieve this goal, Article 9.5 calls for developed countries to provide financial resources to developing countries. This includes both public and private finance, and is intended to be new and additional to existing development aid. The financial resources provided should be predictable and adequate, and should be consistent with the goals of the Paris Agreement.
In addition to providing financial resources, Article 9.5 also calls for developed countries to support developing countries in building their capacity to access and use financial resources effectively. This includes providing technical assistance and capacity building, as well as improving access to information and data on climate finance.
Overall, Article 9.5 is a critical component of the Paris Agreement, as it recognizes the importance of providing financial resources to developing countries so that they can take action on climate change. By supporting developing countries in their efforts to reduce greenhouse gas emissions and adapt to the impacts of climate change, Article 9.5 can help to ensure that the Paris Agreement achieves its long-term goals.
