Power plant In setting out the framework for greenhouse gas emissions reduction worldwide beyond 2020, the agreement reached by the United Nations Framework Convention on Climate Change (UNFCCC) in Paris last year is certain to have a transformative effect on all industries. But entry into force of the Paris Agreement still requires the ratification of at least 55 states, representing 55 percent of global emissions. The ratifications of the United States and China during the recent G20 Summit have given new momentum to the deal. In doing so, they have raised the question of if, and when, other states will follow suit. Of the remaining signatories to the Paris Agreement, the potential ratification of India is considered by many to be the most significant. Notwithstanding the recent declarations of China and the U.S., those states that have ratified the Paris Agreement currently make up only 39 percent of global […]