CMA is the short form for the group of the countries who have signed and ratified the Paris Agreement. The full name of this governing body is “Conference of the Parties serving as the meeting of the Parties to the Paris Agreement”. Meetings of this group are numbered and called “CMA1” etc. The first meeting of the …
Tag: Finance
INDC – Intended Nationally Determined Contribution
INDCs are the plans countries write which describe which climate action they’re intending to take, to contribute to the global efforts to combat climate change. INDC stands for Intended Nationally Determined Contribution. The plans can include mitigation efforts, adaptation measures and intended or needed climate finance. Once the plans have been submitted to the UN …
Divest
Divest is a word meaning the opposite of invest, specifically about areas which are questionable from a climate perspective. To divest from something is not just to stop investing but to cancel the investment, as in taking back one’s money. The idea of divestment in the climate change context is to move money from fossil fuels …
Paris Agreement
The Paris Agreement is a global treaty to combat climate change, under the United Nations Framework Convention on Climate Change (UNFCCC). It’s was agreed in Paris in December 2015 and entered into force on 4 November 2016. The key content of the Paris Agreement is: Keeping global warming below 2 degrees, but preferably below 1.5 …