Parísarsamkomulagið

Parísarsamkomulagið is the Icelandic term for the Paris Agreement, an international treaty adopted in December 2015 at the 21st Conference of the Parties (COP21) to the UNFCCC. It is a legally binding international treaty on climate change. Its central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and pursuing efforts to limit it to 1.5 degrees Celsius. The agreement was adopted by consensus by the 196 Parties to the UNFCCC.

The Paris Agreement works on a "bottom-up" approach, where countries set their own climate targets, known as Nationally Determined Contributions (NDCs). These NDCs are intended to be ambitious and to progressively increase over time. Countries are required to report on their progress towards their NDCs and to regularly review and update their targets. The agreement also includes provisions for climate finance, adaptation, and technology transfer to help developing countries address climate change. It entered into force on November 4, 2016. Iceland is a party to the agreement and has committed to reducing its greenhouse gas emissions. The long-term goal of the agreement is to achieve a climate-neutral world by the second half of the 21st century.