Zero: The Climate Race What did 10 years of the Paris Agreement actually achieve?
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Nov 4, 2025 In this insightful discussion, Bloomberg Green journalist Laura Millan highlights a decade of progress and challenges stemming from the Paris Agreement. Christiana Figueres, a principal architect of the deal, emphasizes the shift towards implementing real-economy metrics for success. Laurence Tubiana discusses the momentum in the private sector and the need for COP reform to include global citizen participation. The podcast delves into the difficulties of transitioning from fossil fuels, addressing methane emissions, and the urgent need for climate financing to support developing nations.
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Voluntary Commitments Sparked Global Momentum
- The Paris Agreement succeeded in mobilizing global momentum through voluntary national commitments.
- That volunteer framework proved surprisingly effective at prompting increasing ambition over time.
Trillions Invested, But Targets Missed
- Global warming trajectory improved from ~4°C to ~3°C partly due to ~$10 trillion in clean-energy investment.
- That investment averted worst-case warming but still falls short of the Paris 1.5–2°C goal.
Renewables Target Is Technically Feasible
- Tripling renewable power by 2030 is technically achievable if investment ramps up.
- Current funding levels are the main barrier, not technology.
