14 Dec

COP 21 Results: Investors toasting agreement

Lights on the Eiffel Tower read, "Paris Climat 2015" to mark the selection of the French capital to host the United Nations Climate Change Conference in 2015,  in Paris, November 22, 2013. The UN Climate Change Conference, held annually within the framework of the UN Framework Convention on Climate Change (UNFCCC) Change, will run from November 30 to December 11, 2015.     REUTERS/Jacky Naegelen   (FRANCE - Tags: TRAVEL ENVIRONMENT POLITICS) - RTX15OZ8

After two decades of failed negotiations the Paris Climate summit has completed a global agreement. Investors and environmentalists alike have celebrated the deal’s aim to restrict global temperatures rises well below 2°C,  the pathway to carbon trading and providing finance to poorer countries.

“We think the adopted agreement is a historic milestone that signals a global commitment to transition towards a low-carbon economy and embeds resilience to the consequences of climate change,” said analysts at HSBC’s climate change centre of excellence in a report. “We think the Paris Agreement represents a clear signal that nations take the threat of climate change seriously, taking steps to address the problem.”

Read more about the agreement here: Landmark Paris agreement toasted by investors

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