UN, Paris & NDCs

Carbon Compliance works towards achieving the objectives of the Paris Agreement and Australia's Nationally Determined Contributions (NDC)

The United Nations (UN) define sustainability as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.”

The UN have 3 key post 2015 agendas for action:

2030 Agenda for Sustainable Development
Sendai Framework for Disaster Risk Reduction 2015-2030
United Nations Framework Convention on Climate Change (UNFCCC) - Paris Agreement (2015)

UNFCCC Paris Agreement

Legally binding international treaty on climate change adopted by 196 parties
Its goal is to limit global warming to well below 2 degrees, preferably to 1.5 degrees Celsius, compared to pre-industrial levels by reducing CO2e
Named after COP 21 (annual Conference of Parties) where it was created (Paris 2015), it replaced the Kyoto agreement from 1997
Article 6 relates to international carbon offset trading
Each party submits Nationally Determined Contributions (NDCs) and is required to update, and increase, them every 5 years

Australia's Nationally Determined Contribution

Australia's current NDC commits to reducing it’s emissions to 43% below 2005 levels (621.1MtCO2e) by 2030
The NDC 's success is measured by two targets:
1. Achieve or better a 10 year budget of 4381MtCO2e (2021 – 2030)
2. Achieve or better a single 2030 year target of 354MtCO2e

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