The new deal is not legally binding and can’t, on its own, force any country to act. Yet many of the politicians, environmentalists and business leaders gathered in Dubai hoped it would send a message to investors and policymakers that the shift away from fossil fuels was unstoppable. Over the next two years, each nation is supposed to submit a detailed, formal plan for how it intends to curb greenhouse gas emissions through 2035. Wednesday’s agreement is meant to guide those plans.
No, and the first sentence of the summary is the only part that really matters:
This is meaningless just like every other broken promise of the past.
It’s meaningful in that it makes the necessary action clear in a way that it has not been previously, but making it happen will remain something we need to do at the individual-country level, as it has been in the past.