Prime Minister, Voreqe Bainimarama has welcome the new climate agreement that has been adopted by World leaders in Paris.
After receiving news of the adoption of the Paris Agreement, Bainimarama said that “the deal represents a huge step forward for humanity in combating climate change.”
The Paris Agreement was adopted by consensus among the 196 member States to the UN Framework Convention on Climate Change.
Bainimarama said that this agreement was probably the best we could negotiate among so many countries.
The Prime Minister added that we must remain very clear-headed about the fact that our work is just beginning and an agreement is only as good as its implementation.
The Paris Agreement seeks to keep global temperature rise this century well below two degrees Celsius above pre-industrial levels, with efforts to limit it further to 1.5 degrees Celsius.
The Agreement defines a road map to increase climate finance to USD $100 billion by 2020, with plans to establish a new provision of finance by 2025.
The agreement will enter into effect once 55 parties accounting for a total of 55 percent of global greenhouse gas emissions have ratified it.