Session Name: Water, Coasts & Rivers: Governance, Policy and Climate Change I
Eco-Friendly Services in a Low-Carbon World: The Paris Agreement’s Impact on Sustainable Trade
Monday, July 29, 2024
09:00 – 10:45 (GMT+7)
Paper Abstract: The Paris Agreement, adopted in 2015, represents a global commitment to combating climate change and transitioning towards a low-carbon economy. This article explores the significant impact of the Paris Agreement on the development and trade of eco-friendly services. As nations strive to meet their climate goals, there is a growing emphasis on sustainable practices across various sectors, including transportation, energy, finance, and tourism. These sectors are increasingly adopting green technologies and low-carbon solutions to reduce their environmental footprint.
The Paris Agreement has catalyzed regulatory changes, financial incentives, and international cooperation, fostering an environment conducive to the growth of eco-friendly services. Governments are implementing policies that encourage renewable energy use, energy efficiency, and the reduction of greenhouse gas emissions. These policies are not only driving domestic improvements but also enhancing the global competitiveness of green service providers.
Additionally, the private sector is responding to consumer demand for sustainability by integrating environmentally friendly practices into their business models. The shift towards sustainable trade of services is supported by technological innovations, such as smart grids, electric vehicles, and digital platforms that optimize resource use and minimize waste.
This article examines case studies of successful eco-friendly service initiatives and analyzes the economic and environmental benefits of low-carbon service trades. It also discusses the challenges and opportunities in scaling up these practices globally. Ultimately, the Paris Agreement's framework is pivotal in promoting a sustainable and resilient global economy, highlighting the crucial role of eco-friendly services in achieving a low-carbon future.