The Paris Agreement, adopted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2015, has now been signed by 197 countries. It entered into force in 2016. The agreement established a process for moving the world toward stabilizing greenhouse gas (GHG) concentrations at a level that would avoid dangerous climate change. The centerpiece of the agreement is a set of pledges made by participating countries, known as Nationally Determined Contributions (NDCs), to near-term GHG targets they plan to achieve.

In “Global Economic and Environmental Outcomes of the Paris Agreement” (PDF), Weifeng Liu, Warwick McKibbin, Adele Morris, and Peter J. Wilcoxen use a multi-region model of the world economy to analyze the economic and environmental outcomes that are likely to result from these NDCs. 

Read more and download the full report on the Brookings website.