---

The pact, adopted in 2015 by 195 nations, set out to limit global warming to “well below 2°C” above pre-industrial levels, striving for 1.5°C. But in 2024, the world shattered records as the hottest year ever, surpassing that crucial threshold.

Speaking at a press briefing with the Oxford Climate Journalism Network on March 27, Figueres said while technology and investment are advancing, the world is not moving fast enough.

“We’re far behind,” she said. “We have very clear data points of all of the technologies that are exponentially growing on both sides of the market – the supply side as well as the demand – and we can see that all of that is moving, as well as investment. That definitely defines the direction of travel and the decarbonisation of the global economy is by now irreversible with or without the craziness in the United States. What still is not at the level that we should have is speed and scale.”

A co-founder of Global Optimism, an organisation focused on hope and action in the face of climate change, Figueres emphasised the urgency of the crisis while highlighting the global capacity to address it.

While one in five people globally already experience climate impacts daily, and climate-related costs rose to $320 billion last year, investment in clean technology is outpacing fossil fuels, she noted.

“We had last year two times the level of investment into clean technology versus fossil fuels and the prices continue to fall. Every year they fall even more and more. Solar prices last year fell by a whopping 35%. Electric vehicle batteries fell by 20%,” she said.

Figueres also spoke about the disproportionate burden placed on small island nations, which are already importing fossil fuels at the cost of up to 30% of their national budgets. “These islands are importing the poison that is directly threatening their survival,” she argued, stressing the need for renewable energy solutions like wind and hydro to replace fossil fuels.

The former head of the United Nations Framework Convention on Climate Change (UNFCCC) also praised the role of small island states in maintaining the integrity of international climate agreements. “It’s not the size of the nation but the integrity of their position that matters,” she said, noting how these nations have consistently held larger emitters accountable.

Asked about the Paris Agreement’s architecture, Figueres defended its approach.

“The Paris Agreement is really strange in its legal bindingness. It is legally binding to all countries that have ratified it, but what is binding is the overall trajectory of decarbonisation to get to net zero by 2050. What is not binding is the level of the NDCs which are the nationally determined contributions that every country has to submit every 5 years and be held accountable against that,” she said, likening the agreement’s style to running a marathon, “the goal is clear, but the pace is up to each runner.”

Figueres says the COP process was designed in the early 1990s as a multilateral platform for countries to negotiate agreements aimed at addressing climate change collectively – something that was critical for establishing frameworks like the Kyoto Protocol and the Paris Agreement. She stressed that with agreements in place to guide global decarbonisation until 2050, the next phase of climate talks should focus on implementation rather than new negotiations.

“The implementation is mostly on the part of the private sector and the financial sector. Do  they need governments to support them? Absolutely, so what governments need to do is to put regulations, incentives, and tax credits in place to accelerate investment in the sectors that we know are going to address climate change and to give long-term certainty to the private sector so that they can do their planning, but those regulations, those incentives, and those tax breaks are not to be negotiated between countries. They are to be enacted nationally, domestically.”

With COP 30 approaching, Figueres urged countries to take a long-term view in their climate planning. “NDCs should align government and private sector ambitions with the next decade’s possibilities, not just the current technologies,” she said.

As host country Brazil prepares for the 2025 UN Climate Talks, Figueres called for a holistic approach to climate policy, linking energy, industry, and nature. She also cautioned against framing COP 30 as a “last chance”, emphasising that it should be seen as a milestone in a longer journey toward global climate goals.

2025 marks the tenth anniversary of the Paris Climate Agreement. One of its chief architects, Christiana Figueres says the world is heading in the right direction but warns that urgent action is needed to close critical gaps.

The pact, adopted in 2015 by 195 nations, set out to limit global warming to “well below 2°C” above pre-industrial levels, striving for 1.5°C. But in 2024, the world shattered records as the hottest year ever, surpassing that crucial threshold.

Speaking at a press briefing with the Oxford Climate Journalism Network on March 27, Figueres said while technology and investment are advancing, the world is not moving fast enough.

“We’re far behind,” she said. “We have very clear data points of all of the technologies that are exponentially growing on both sides of the market – the supply side as well as the demand – and we can see that all of that is moving, as well as investment. That definitely defines the direction of travel and the decarbonisation of the global economy is by now irreversible with or without the craziness in the United States. What still is not at the level that we should have is speed and scale.”

A co-founder of Global Optimism, an organisation focused on hope and action in the face of climate change, Figueres emphasised the urgency of the crisis while highlighting the global capacity to address it.

While one in five people globally already experience climate impacts daily, and climate-related costs rose to $320 billion last year, investment in clean technology is outpacing fossil fuels, she noted.

“We had last year two times the level of investment into clean technology versus fossil fuels and the prices continue to fall. Every year they fall even more and more. Solar prices last year fell by a whopping 35%. Electric vehicle batteries fell by 20%,” she said.

Figueres also spoke about the disproportionate burden placed on small island nations, which are already importing fossil fuels at the cost of up to 30% of their national budgets. “These islands are importing the poison that is directly threatening their survival,” she argued, stressing the need for renewable energy solutions like wind and hydro to replace fossil fuels.

The former head of the United Nations Framework Convention on Climate Change (UNFCCC) also praised the role of small island states in maintaining the integrity of international climate agreements. “It’s not the size of the nation but the integrity of their position that matters,” she said, noting how these nations have consistently held larger emitters accountable.

Asked about the Paris Agreement’s architecture, Figueres defended its approach.

“The Paris Agreement is really strange in its legal bindingness. It is legally binding to all countries that have ratified it, but what is binding is the overall trajectory of decarbonisation to get to net zero by 2050. What is not binding is the level of the NDCs, which are the nationally determined contributions that every country has to submit every 5 years and be held accountable against that,” she said, likening the agreement’s style to running a marathon, “the goal is clear, but the pace is up to each runner.”

Figueres says the COP process was designed in the early 1990s as a multilateral platform for countries to negotiate agreements aimed at addressing climate change collectively – something that was critical for establishing frameworks like the Kyoto Protocol and the Paris Agreement. She stressed that with agreements in place to guide global decarbonisation until 2050, the next phase of climate talks should focus on implementation rather than new negotiations.

“The implementation is mostly on the part of the private sector and the financial sector. Do  they need governments to support them? Absolutely, so what governments need to do is to put regulations, incentives, and tax credits in place to accelerate investment in the sectors that we know are going to address climate change and to give long-term certainty to the private sector so that they can do their planning, but those regulations, those incentives, and those tax breaks are not to be negotiated between countries. They are to be enacted nationally, domestically.”

With COP 30 approaching, Figueres urged countries to take a long-term view in their climate planning. “NDCs should align government and private sector ambitions with the next decade’s possibilities, not just the current technologies,” she said.

As host country Brazil prepares for the 2025 UN Climate Talks, Figueres called for a holistic approach to climate policy, linking energy, industry, and nature. She also cautioned against framing COP 30 as a “last chance”, emphasising that it should be seen as a milestone in a longer journey toward global climate goals.

IPS UN Bureau Report

  Source