The Paris climate change pact agreed last December could come into force two years earlier than the originally planned date of 2020.
On April 22 at least 130 countries are expected to come together in New York and sign the agreement, which will ratify the agreement to limit global warming well below 2C above industrial levels.
“You heard it here first – I think we will have it in effect by 2018,” said Ms. Figueres, executive secretary of the United Nations Framework Convention on Climate Change.
“We think there may be more, but let’s see what happens on 22 April,” added Figueres.
Figueres insisted that Paris was only a blueprint for ensuring a global reduction in carbon emissions, warning that those who “still put money into high carbon will lose money”.
China and the United States account for roughly 40 percent of all global warming emissions. Since March 30, the two countries have already stated a clear position that they will adopt the Paris text.
Under plan signed in Paris, each country will reduce or cap greenhouse gas emissions, depending on their historical responsibilities. Additionally, $100 billion will be raised every year from 2020 onward to fund efforts where they’re most needed and effective.
The aim is to reach a status of “net zero emissions,” whereby no more greenhouse gases are produced than can be absorbed by trees and other systems.