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The Paris Agreement: Main Components

The Paris Agreement is not yet sufficient to address the threat of climate change, and global greenhouse gas emissions continue to increase, threatening more severe and disruptive weather including storms, flooding, heatwaves and droughts. However, the strength of the treaty lies in its inclusiveness, its repeating cycle of increasing ambition, its ability to channel finance to sustainable development and its flexible mechanisms that encourage innovation that will help to power the global clean energy transition.

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LATEST VISUAL LEARNING

This chart shows the total amount of man-made emissions created by the world's biggest polluters.
The amount of atmospheric CO2 has charted a steady climb higher. The Mauna Loa Observatory on the north flank of volcano of the same name

VCM

The Voluntary Carbon Market. Describes a market where project-based carbon credits are traded voluntarily and outside the scope of any national law (and regulation).
Vietnam’s national carbon market is set to move forward in 2025 with the start of a pilot phase, highlighting progress in a fast-developing regional carbon
Carbon leakage refers to the unintended migration of carbon-emitting activities away from a jurisdiction that restricts CO2 emissions, and towards a jurisdiction where no such

24 July 2025

GLOSSARY
VCM

The Voluntary Carbon Market. Describes a market where project-based carbon credits are traded voluntarily and outside the scope of any national law (and regulation).

17 July 2025

ARTICLE
Vietnam Moves Ahead with National Carbon Market in 2025

Vietnam’s national carbon market is set to move forward in 2025 with the start of a pilot phase, highlighting progress in a fast-developing regional carbon markets hub in Southeast Asia that also...

14 July 2025

GLOSSARY
Carbon Leakage

Carbon leakage refers to the unintended migration of carbon-emitting activities away from a jurisdiction that restricts CO2 emissions, and towards a jurisdiction where no such restrictions exist. For example, Europe's Emissions Trading System imposes a cost of CO2...

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