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Kigali Agreement Wikipedia

The Kigali Agreement, also known as the Kigali Amendment, is an international environmental treaty aimed at phasing out the use of hydrofluorocarbons (HFCs) – a potent greenhouse gas – in air conditioning and refrigeration systems. The agreement was signed on October 15th, 2016 in Kigali, Rwanda, by representatives of 197 countries under the United Nations Framework Convention on Climate Change (UNFCCC).

The primary goal of the agreement is to reduce global warming by limiting the use of HFCs, which are used as refrigerants in air conditioning and refrigeration units. HFCs are known to be both extremely potent greenhouse gases and among the fastest-growing ones, with their use growing by more than 10% a year. If left unchecked, HFC emissions could increase global warming by up to 0.5°C by the end of the century. Hence, the Kigali Agreement aims to cap HFC use by over 80% by 2050.

The Kigali Agreement builds on the earlier Montreal Protocol, an international treaty that phased out the use of chlorofluorocarbons (CFCs) – another contributor to global warming. The Kigali Agreement is widely considered a success in the fight against climate change, as it is expected to avoid up to 0.4°C of global warming by the end of the century.

The Kigali Agreement is not only important from an environmental perspective, but also from an economic one. As countries transition to more climate-friendly alternatives, they could see significant economic benefits. According to estimates, the transition to HFC alternatives could lead to global cumulative economic gains of up to $1 trillion by 2050.

The Kigali Agreement has received widespread support from both developed and developing countries. Many of the world`s largest economies, including China and the United States, have ratified the agreement. However, some countries, including India, have yet to ratify the agreement due to concerns about the economic costs of transitioning to alternative refrigerants.

In conclusion, the Kigali Agreement is a critical environmental treaty that aims to mitigate the impact of climate change by reducing the use of hydrofluorocarbons. It is an excellent example of global collaboration to address climate change and has the potential to deliver significant economic benefits as well. Although challenges remain, the Kigali Agreement represents a crucial step forward in the fight against climate change.