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The agreement obliges all states under international law to develop a national climate protection contribution in order to achieve the common goal of limiting global warming to below 2 degrees Celsius and, if possible, below 1.5 degrees Celsius. The topic of financing and technology was also included in the agreement. Both public and private investments must support the implementation of the agreed climate targets. Similarly, early and transparent cooperation in technology development and transfer is to be established to make innovations for climate protection and adaptation to climate change available to all countries. The agreement came into force in November 2016 after being ratified by all countries in an unprecedentedly rapid process.
-> The bio-economy can contribute to achieving the climate goal by replacing e.g. petroleum-based products such as plastics, energy and textiles with non-oil, bio-based products.