Long-term plans for prosperous economies
The Paris Agreement creates a global framework around climate action – an agreed shared goal, a common rules base for mutual accountability, and a regular five-year schedule to develop renewed and incremental climate action from national commitments.
However, there is an under-discussed clause in the agreement – article 4.19 – that can help unlock a cycle of deeper, more transformative thinking from governments as it encourages them to ground their short and mid-term plans in longer term strategies.
National plans that aim at 2050 are essential to delivering the long-term vision of the Paris Agreement. They are a necessary complement to the shorter-term Nationally Determined Contributions (NDCs) and will give business and subnational governments a clearer framework to plan future investments. Only by planning for the long ...