Climate Summit commitment

Date of commitment: 
December 2014


World leaders committed to take urgent action to limit the rise in global temperature to less than two degrees Celsius. In addition to pledges by individual Governments, coalitions of Governments, businesses and civil society announced ambitious plans, including the intent of financial institutions, banks, insurance companies and pension funds to mobilize over $200 billion for financing low carbon and climate-resilient development, much of which will embody providing access to new technologies. The Summit aimed to raise ambition, mobilize resources, and generate action towards a universal climate agreement, which will be taken forward during the 21st Session of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) in December 2015, in Paris, France.