5 next steps after the Paris Agreement

The document identifies five critical next steps following the Paris Agreement: integrating climate considerations into development and adaptation, accelerating the clean-energy transition, increasing corporate climate literacy, expanding carbon pricing, and scaling up climate finance. It highlights the World Bank Group's commitment to increase annual climate financing to $29 billion by 2020 and cites Bangladesh's solar-home program as a successful model for renewable energy expansion in rural areas.

• Development strategies must integrate climate change and adaptation into all sectors, such as ensuring infrastructure like roads in Mozambique are resilient to floods. The World Bank has introduced a climate action plan specifically to support Sub-Saharan Africa.
• A rapid transition to clean energy is necessary, supported by falling costs of low-carbon technologies and market signals. Bangladesh is cited as a leader in this area, with over 18.5 million rural residents gaining access to electricity through the world's fastest-growing solar-home program.
• There is a need for increased corporate climate literacy and the expansion of carbon pricing. Currently, carbon pricing is used by approximately 40 countries and 23 cities, states, and regions, covering only 12% of annual greenhouse-gas emissions, though over 90 countries intend to implement such schemes.
• Finance is essential to meet the trillions of dollars in needs identified in national climate action plans from over 180 countries. The World Bank Group has pledged to raise its annual climate financing to $29 billion by 2020.

APA

Kim, J. Y. (2015). 5 next steps after the Paris Agreement. World Economic Forum. https://www.weforum.org/stories/energy-transition/5-next-steps-after-the-paris-agreement/

Chicago

Kim, Jim Yong. 5 next steps after the Paris Agreement. World Economic Forum, 2015. https://www.weforum.org/stories/energy-transition/5-next-steps-after-the-paris-agreement/.

Wikipedia

{{cite press release |last1=Kim |first1=Jim Yong |title=5 next steps after the Paris Agreement |publisher=World Economic Forum |date=17 December 2015 |url=https://www.weforum.org/stories/energy-transition/5-next-steps-after-the-paris-agreement/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{kim2015next, author = {Kim, Jim Yong}, title = {{5 next steps after the Paris Agreement}}, publisher = {World Economic Forum}, year = {2015}, month = dec, url = {https://www.weforum.org/stories/energy-transition/5-next-steps-after-the-paris-agreement/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }