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New Zealand ratifies Paris Agreement

05 October 2016 | Mitigation

New Zealand yesterday became the 63rd country to ratify the Paris Agreement, confirming its full support for the historic treaty ahead of its coming into force next month.

The country represents only a fraction of global emissions, with its submitting of official documents of the UN taking the share of global emissions covered by countries that have ratified the Paris Agreement from 51.89 per cent to 52.11 per cent.

However, the move came on the same day as the European Parliament voted overwhelmingly to approve the bloc's ratification of the Paris deal, clearing the way for the EU to deposit its official documents with the UN later this week.

The EU represents around 12 per cent of global emissions, meaning its ratification of the agreement will take it past the threshold of 55 per cent of global emissions required to trigger the treaty.

The treaty is now scheduled to come fully into force 30 days after the threshold is passed, meaning it will be in place ahead of the next global climate summit in Marrakesh next month.

New Zealand's ratification underlines its commitment to the climate action plan it submitted as part of the Paris Agreement, committing it to delivering a 30 per cent cut in greenhouse gas emissions against 2005 levels by 2030.

 

 

Source: Business Green