The global climate summit in Paris forged a landmark agreement on Saturday, setting the course for a historic transformation of the world’s fossil fuel-driven economy within decades in a bid to arrest global warming.
After four years of fraught U.N. talks often pitting the interests of rich nations against poor, imperiled island states against rising economic powerhouses, French Foreign Minister Laurent Fabius declared the pact adopted, to the standing applause and whistles of delegates from almost 200 nations.
“With a small hammer you can achieve great things,” Fabius said as he gaveled the agreement, capping two weeks of tense negotiations at the summit on the outskirts of the French capital.
Hailed as the first truly global climate deal, committing both rich and poor nations to reining in rising emissions blamed for warming the planet, it sets out a sweeping, long-term goal of eliminating net manmade greenhouse gas output this century.
“It is a victory for all of the planet and for future generations,” said U.S. Secretary of State John Kerry, who led the U.S. negotiations in Paris.
“We have set a course here. The world has come together around an agreement that will empower us to chart a new path for our planet, a smart and responsible path, a sustainable path.”
It also creates a system to encourage nations to step up voluntary domestic efforts to curb emissions, and provides billions more dollars to help poor nations cope with the transition to a greener economy powered by renewable energy.
Calling it “ambitious and balanced”, Fabius said the…