UFE welcomes the adoption of the Paris Climate Agreement

UFE strongly supports the adoption of the Paris Agreement concluded on December 12, which constitutes a historic climate agreement setting up, at the global level, an ambitious target to mitigate, and reduce the effects of climate change. Specifically, UFE positively welcomes the objective of holding the increase in the global average temperature to “well below 2°C”, with an ideal target of 1.5°C, the inclusion of a revision clause of emission pledges every five year, as well as the definition of a financing quantified goal of at least USD 100 billion annually.