As the world becomes increasingly globalized, there`s a growing need for multinational environment agreements. These agreements are designed to tackle environmental issues that go beyond national borders, such as climate change, air pollution, and deforestation.
The most famous multinational environment agreement is the Paris Agreement, signed in 2015 by 197 countries. The agreement aims to limit global warming to well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius. This agreement is a crucial step in combatting climate change and protecting the planet.
Another important multinational environment agreement is the Montreal Protocol, signed in 1987. The agreement aims to protect the ozone layer by phasing out the production and consumption of ozone-depleting substances. Thanks to the Montreal Protocol, the ozone layer is slowly recovering, and the hole in the ozone layer over Antarctica is gradually shrinking.
There are also regional agreements, such as the European Union`s Emissions Trading System (ETS), which is the world`s largest cap-and-trade scheme. The ETS aims to reduce greenhouse gas emissions in the European Union by placing a cap on the amount of emissions that companies can produce. Companies that produce fewer emissions than their cap can sell their excess allowances to companies that produce more emissions.
Multinational environment agreements are essential in the fight against climate change and other environmental issues. They require international cooperation and coordination to be effective, but they can have a significant impact on the health of our planet. As more countries join together to sign these agreements, we can hope to see a brighter future for the environment.