The operational guidelines (rulebook) for the Paris Agreement have largely been agreed at the 24th Conference of the Parties (COP24). The annual climate negotiations succeeded in adopting a set of operational guidelines – keeping the Paris Agreement alive. The new rulebook covers most of the crucial elements including guidance on climate pledges, adaptation, support and transparency although some issues were pushed out to subsequent meetings.
Overall, we think COP24 achieved a balanced outcome given the political distractions. However, the rulebook does not spell out how ambitious subsequent climate pledges need to be – especially in light of the Special Report on Warming of 1.5°C and extreme events of recent years. This report talks through the details of the outcomes of the talks.