'Paris 2015': Very High Expectations To Tackle Climate Change

In December 2015, Paris will be the capital city of the environment, as it will be hosting the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change ("UNFCCC"), also known as "Paris 2015," from November 30 to December 11, 2015. For "Paris 2015," all members of the UNFCCC (195 nations plus the EU) have agreed to adopt a new global climate agreement, which would take effect in 2020. In short, this agreement aims to merge all binding and nonbinding arrangements under the UNFCCC and to rebuild into a single comprehensive regime in the form of a new protocol. This will replace the Kyoto Protocol and will be binding on all UNFCCC parties, with the aim of keeping global warming below 2°C compared to preindustrial times, to avoid the most dangerous impacts of climate change. The draft agreement, which will serve as a basis for the negotiations in Paris, has been made public recently. Divided in two parts...