Paris outcomes: Carbon Market Watch Analysis of COP 21
From 30 November to 12 December 2015, Parties to the UNFCCC met in Paris to negotiate a new global climate treaty.
The Paris Agreement was a remarkable outcome, especially after the failures of Copenhagen. Almost all involved, including Carbon Market Watch, seemed surprised at how positive the outcome was. However, expectations had been carefully managed in the preceding years, so that aspirations of environmentalists to have a treaty that reflected the scientific reality by dividing up the remaining global carbon budget, had been downplayed into unreality.