Global sustainability taxes

Energy and environmental taxes, sustainability incentives and carbon regimes

The first legally binding, universal agreement to address climate change was signed by representatives from 196 countries at the 21st session of the Conference of the Parties (“COP21”) of the UN Framework Convention on Climate Change (“UNFCC”) in Paris on 12 December 2015.

The Agreement specifically defines the long-term goal to hold the increase in global average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5°C.

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