22 December 2015
Avalon Rare Metals Inc. is pleased to provide commentary on the recently concluded 2015 Paris Climate Conference and the implications of the agreement reached for critical materials demand.
After a two week conference and over four years of lead-up negotiation, 195 countries agreed to adopt the Paris Agreement to jointly reduce greenhouse gas emissions and combat climate change. Signatories have committed to limit temperature rises "well below" 2?C compared to pre-industrial times, while striving to limit temperatures to 1.5 degrees. Furthermore, it has been agreed that individual countries will maintain and publish greenhouse gas emission reduction targets. The foremost action needed to make this commitment a reality is a massive reduction in the use of fossil fuels for transportation and energy production with a corresponding shift to clean technology enabled by Government policy initiatives, supported by public and private investment.