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