The Carbon Market ─ The Conference of the Parties for Combating Climate Change Cop 21, Solutions and Implementation

The 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), or COP21, will be held from 30 November to 11 December, 2015 on the Paris-Le Bourget site, bringing together around 40,000 participants in total — with delegates representing each country, observers, and civil society members. It is the largest diplomatic event ever hosted by France and one of the largest climate conferences ever organized.The aim is to reach, for the first time, a universal, legally binding agreement that will enable us to combat climate change effectively and boost the transition towards resilient, low-carbon societies and economies. COP21 will be a crucial conference, as it needs to achieve a new international agreement on the climate, applicable to all countries, with the aim of keeping global warming below 2°C. The agreement will enter into force in 2020 and will need to be sustainable to enable long-term change.