France welcomes the ratification of the Paris Agreement on October 5 by the Czech Republic, concluding the accession process by the entire European Union and its member states.
The Paris Agreement, adopted on December 12, 2015, at COP21, has now been ratified by 166 countries. The goal of the agreement is to limit the increase in global temperatures to less than 2°C, to increase the capacity of countries to adapt to climate change and to direct financial flows toward economic activities that produce very low greenhouse gas emissions.
France is continuing to work to ensure the success of COP23, which will take place in November under the presidency of Fiji, and COP24 which will take place under the presidency of Poland. It calls for the EU to maintain an exemplary approach, with heightened ambitions.
On the occasion of the second anniversary of the Paris Agreement on December 12, France will host a summit in Paris, in partnership with the UN and the World Bank, to encourage the involvement of public and private financial stakeholders. This summit will bring together all of the key stakeholders in the financial and climate world in order jointly develop tools, alliances and initiatives to ensure the greening of the financial system and to accelerate the implementation of concrete projects on the ground.