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Policy Action on COP21 Paris Climate Change Deal Lags Behind

© REUTERS / Christian HartmannParticipants are seen at a digital working space during the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, December 1, 2015
Participants are seen at a digital working space during the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, December 1, 2015 - Sputnik International
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Greenhouse gas emissions' rate set by the Paris Agreement signed last year at the UN Climate Change Conference is highly inadequate, the International Energy Agency said Wednesday.

An illustration picture taken on December 10, 2015 in Paris shows a draft for the outcome of the COP21 United Nations conference on climate change next to the logo of the summit - Sputnik International
COP21 Parties Still Lack Balance on Obligations for Future Climate Deal
MOSCOW (Sputnik) — The rate of policy adoption aimed at reducing greenhouse gas emissions in order to meet the targets set by the Paris Agreement signed last year at the UN Climate Change Conference (COP21) is highly inadequate, the International Energy Agency (IEA) said Wednesday.

"Policy action is lagging behind, even to realise the easiest of these measures. For instance, implementation is required to increase confidence that a revenue-neutral carbon tax can actually lead to net positive macroeconomic effects. Overall, the 2DS [2-degree scenario] is supported by many policy pillars, which need to be adapted to regional and national contexts to maximise the benefits of the transition," the autonomous policy adviser of the Organisation for Economic Co-operation and Development (OECD) said in its Energy Technology Perspectives 2016 report.

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The Paris deal aims to limit global average temperatures to less than 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial levels. The agreement also aims to create more financing to curb greenhouse gas emissions and support more climate-resilient development.

Swift policy action is needed in the areas of emissions pricing, reducing subsidies, sustainability regulation, research and development funding, the IEA stressed, adding that even the 2-degree limit on climate change could have adverse climate change-driven effects on a number of countries and regions.

The IEA will now focus on redefining targets to well below 2 degrees, focusing on the technological changes required to restructure the world's current energy system that, as it stands, is unable to meet the COP21 target.

Environmentalist groups have been skeptical about the Paris Agreement's prospects in terms of meeting its declared goals in limiting global temperature increases. Organizations such as Greenpeace and Friends of the Earth said that the emissions targets proposed by the agreement are not sufficient to keep the temperature rise within the given limits.

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