Translations:Paris Agreement/50/en

There are barriers to implementing the agreement. Some countries struggle to attract the finance necessary for investments in decarbonization. Climate finance is fragmented, further complicating investments. Another issue is the lack of capabilities in government and other institutions to implement policy. Clean technology and knowledge is often not transferred to countries or places that need it. In December 2020, the former chair of the COP 21, Laurent Fabius, argued that the implementation of the Paris Agreement could be bolstered by the adoption of a Global Pact for the Environment. The latter would define the environmental rights and duties of states, individuals and businesses.