ABSTRACT
A vast array of side events and announcements provided ample demonstration of the momentum and engagement towards climate solutions. The crowning achievement was the adoption of the Paris Agreement and its related decisions, which constitute a turning point in global efforts to deal with the climate change problem and chart a new course to a low-carbon, climate-resilient future. Market approaches found their way into the Paris Agreement, giving them a renewed role in international efforts to combat climate change. The seriousness and urgency of the problem demanded nothing less, and the Paris Agreement was only possible because of the contribution of numerous actors in the run-up to Copenhagen Conference (COP) 21 and at the conference itself. The intergovernmental process has a huge task ahead in fulfilling the mandates in the Agreement and the COP decision–developing modalities and rules, getting institutions off the ground or shifted into a higher gear and putting the transparency regime in place.
