Average rating: | Rated 4 of 5. |
Level of importance: | Rated 4 of 5. |
Level of validity: | Rated 4 of 5. |
Level of completeness: | Rated 3 of 5. |
Level of comprehensibility: | Rated 5 of 5. |
Competing interests: | None |
The paper presents a clearly written simple history of the UNFCCC negotiations. However, there are key aspects of this history that have contributed greatly to the negotiations and discussion, which are not explored enough in the paper: 1. the SDGs adopted in 2015, same year as the Paris Agreement and 2. the Environmental, Social, Governance (ESG) discussions and pressures on the corporate sector increasingly growing since 2006, expecting the companies they hold to commit strongly to ESG criteria (climate change at the center of these discussions, aligned with net zero strategies that have hundredfold since 2020). Many frameworks for addressing ESG have emerged in recent years. The Taskforce on Climate-related Financial Disclosures (TCFD) in December of 2015 was established in an effort to further consider climate in the global financial system. The TCFD allows companies a way to report their climate-related financial risks, consisting of physical, liability and transition risks, to stakeholders. To understand the pressures of commitments made by countries and their NDCs, one must also look at pressured placed on and by the private sector and investmentors. I believe that this paper could highly benefit from addressing ESG, since COP-26 we've seen the corporate world at the center of the discussions and decarbonization and the renewable transition won't happen without them. In fact, at the upcoming COP-27, we'll see a lot more leadership and announcements coming from the private sector, including banks and global asset managers.