Historic Climate Agreement Reached at Global Summit: 195 Countries Commit to Net-Zero by 2050

In a historic moment for global climate action, representatives from 195 countries have reached a comprehensive agreement committing to achieve net-zero carbon emissions by 2050. The agreement, reached after two weeks of intensive negotiations, includes binding commitments for developed nations to provide $100 billion annually in climate finance to developing countries. The pact also establishes a global carbon trading system and mandates regular progress reviews every five years. Environmental groups have praised the agreement as the most significant climate action since the Paris Agreement, while acknowledging that implementation will require unprecedented cooperation and investment. The agreement comes as climate scientists warn that the world has less than a decade to prevent catastrophic warming. Several major economies have already begun implementing policies to meet the targets, with renewable energy investments reaching record levels.