The HFW Energy Briefing January 2016

Green is the new black: developments following the Paris climate change conference

Whilst the final details are still being ironed out, the international community has celebrated what appears to be an agreement following the recent meetings in Paris.

The global climate conference (the Conference of Parties or COP21) held in Paris at the end of 2015 has marked a historic agreement that may see a departure from fossil fuel driven economies. Will this re-ignite a rush to new green fuel initiatives?

With the long term goal aimed at eliminating net greenhouse gas output, 196 countries signed a new climate change agreement (the Paris Agreement) and pledged to curb carbon emissions whilst deploying renewable energy projects alongside, and together with, the stated aim of reducing deforestation.

As ambitious as it may be, the Paris Agreement aims to establish a greener and carbon-free economy by 2050 by phasing out, and eventually ending, the long term sole dependence on fossil fuels.
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