In a landmark decision, world leaders from 195 countries have reached a historic agreement on climate change at the annual global summit. The agreement includes binding commitments to reduce carbon emissions by 50% by 2030, with developed nations pledging $100 billion annually to support developing countries in their transition to green energy.
Key provisions of the agreement include:
- Phasing out coal power by 2030
- Increasing renewable energy capacity to 60%
- Protecting 30% of land and oceans by 2030
- Establishing a global carbon market
Environmental groups have hailed the agreement as a turning point in the fight against climate change, though some activists argue it doesn't go far enough. Implementation will begin in 2025, with progress reviewed every five years.
