The Paris Agreement was signed in 2015 by 196 countries, including Trinidad and Tobago. In the landmark document, countries pledged to reduce their greenhouse gas (GHS) emissions to limit global warming to below 2° Celsius relative to pre-industrial levels.
The Paris Agreement acknowledges these key elements that are critical to ensuring a just transition that supports less-resourced and vulnerable countries—finance, technology, and capacity-building. Finance is needed immediately to enable mitigation, to reduce GHG emissions; and adaptation, to reduce the impacts of climate change. Finance underpins technology and capacity building as all aspects of the energy transition come at a cost.