Last December, 195 nations reached a historic agreement to reduce greenhouse gas emissions and fight climate change. The Paris Climate Change Agreement marked the most aggressive, concerted action the international community has taken to addressing the climate crisis, but the agreement didn't go into effect automatically. First, it needed to be ratified by at least 55 countries, representing at least 55 percent of global emissions.
That threshold was crossed in early October, as ratification by European countries, India, Canada, Bolivia, and Nepal brought more than 55 percent of global emissions under the agreement's umbrella. As a result, the Paris Agreement will enter into legal effect on November 4th. But what will this intergovernmental accord mean for private businesses?