Good afternoon everyone Mark Meersman here I want to start by thanking everyone for going back and refreshing yourself with older posts, you are going to need them in our future study. So I want to give you all an update on what happened in the U.N. this week it was very exciting. I also want to show you how trillions of dollars will be unlocked for green finance.
Everyone here knows the center of the U.N General Assembly talks was green finance and how to restart the global engine so it is sustainable. Well guess what folks the talks nearly did the trick. Remember what we discussed 2 weeks ago were going to be needed to set the Paris Agreement into full force? We said they needed 55 countries representing at least 55% of greenhouse emissions to ratify their papers. Well would you have a look at this?
'What once seemed impossible is now inevitable' as the world gets closer to a historic climate deal
UNITED NATIONS (Reuters) - An agreement to fight global warming came one step closer to taking effect on Wednesday when dozens of countries deposited their ratification of the deal at the United Nations, taking the total to 60, U.N. Secretary-General Ban Ki-moon said.
The deal, agreed by nearly 200 countries in Paris last December, needs ratification by at least 55 countries representing 55 percent of global carbon dioxide emissions to take effect. Ban said the 60 countries represented more than 47.5 percent.
The United Nations said 14 countries, representing 12.58 percent of emissions, have committed to joining the agreement in 2016, which would allow the threshold of 55 percent of global carbon dioxide emissions to be reached.
"What once seemed impossible is now inevitable. I'm confident that by the time I leave office the Paris agreement will have entered into force," Ban, whose second five-year term ends on Dec. 31, told an event on the sidelines of the annual United Nations General Assembly
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