Glossary entry

Paris Agreement Goals

Definitions

Paris Agreement Goals

Paris Agreement Goals means the goals in Articles 2.1 and 4.1 of the UNFCCC’s Paris Agreement[./, in particular limiting global temperature increase to 1.5 degrees Celsius above pre-industrial levels.]

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Drafting notes

The three goals set out in Articles 2.1 and 4.1 of the Paris Agreement are:

  1. the temperature goal;
  2. the adaptation and mitigation goal; and
  3. the financial flow goal.

The goals are also known as the climate objectives.

For further information, see UNFCCC: What is the Paris Agreement?

Application

Any contract that aligns its provisions with the goals of the Paris Agreement including in supply chains, public and private procurement, and corporate governance documents.