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Le Bourget, France, Dec. 5, 2015: President Francois Hollande speaks during the COP21 climate change summit (source: dpa)

After Paris climate deal, major changes are still a long way off

Apart from the collapse of world oil prices, 2015’s most important energy event was the Paris meeting on climate change. After a fortnight of negotiations, the agreement reached on December 12 was met with cheers. It was hailed as a landmark accord, or even, in the words of French President Francois Hollande, “a revolution for climate change.” However, a close look at the terms of the pact reveals just how disproportionate these reactions were.

The United Nations conference on climate change in Paris, known as COP21, received unprecedented backing. More than 150 world leaders, including Presidents Barack Obama of the United States, Vladimir Putin of Russia and Xi Jinping of China, kic...

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Dr. Carole Nakhle
The excitement surrounding the Paris accord mainly stems from the fact that nearly 200 countries – together responsible for 98 percent of global emissions, but which sometimes have widely varying interests – managed to reach an agreement
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