new climate agreement
The new U.S.-India agreement on climate change will help turn India’s bold renewable energy targets into reality.
Rather than relying on one major plank, the collaboration is a comprehensive set of actions that represent a substantial step in advancing low-carbon development in India while also promoting economic growth and expanding energy access.
Leaders at COP20 can explore a range of sources for financing low-carbon urban development including multilateral investment banks, private investors, and innovative initiatives like the Nationally Appropriate Mitigation Actions or climate-themed bonds.
With China at an economic and environmental crossroad, ongoing cooperation on climate and clean energy with the U.S. can yield significant social and economic rewards for both countries. The benefits of this course can and must go together to tackle climate change and create vibrant economies for the 21st century.
The Agreement for Climate Transformation (ACT 2015) was a WRI-led consortium that developed a proposal for the design of an international climate agreement to catalyze climate action and move the world onto a low-carbon and climate resilient pathway.