Climate risk glossary
Paris Agreement
The Paris Agreement is a legally binding international treaty on climate change adopted by 196 Parties at COP 21 in Paris on 12 December 2015. Its goal is to limit global warming to well below 2°C, preferably to 1.5°C, compared to pre-industrial levels. The Paris Agreement requires all Parties to put forward their best efforts through "nationally determined contributions" (NDCs) and to strengthen these efforts in the years ahead.