• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
climate change

Countries Reach Landmark Deal to Limit Global Warming

By
Justin Worland
Justin Worland
and
TIME
TIME
Down Arrow Button Icon
By
Justin Worland
Justin Worland
and
TIME
TIME
Down Arrow Button Icon
October 16, 2016, 2:43 PM ET
US-NETHERLANDS-KERRY-KOENDERS
US Secretary of State John Kerry speaks prior to meetings with Dutch Foreign Minister Bert Koenders at the State Department in Washington, DC, April 30, 2015. AFP PHOTO / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images)Photograph by Saul Loeb — AFP/Getty Images

More than 170 countries agreed early Saturday morning to limit emissions of key climate change-causing pollutants found in air conditioners, a significant step in the international effort to keep global warming from reaching catastrophic levels.

The deal reached in Kigali, Rwanda, comes after years of wrangling over HFCs—short for hydrofluorocarbons—and could on its own prevent a 0.5°C (0.9°F) rise in temperature by 2100. Scientists say such an achievement could be crucial to the goal laid out in last year’s Paris Agreement of holding global temperature rise below 2°C (3.6°F) by 2100.

Total global HFC emissions—most commonly from air conditioners and refrigerators—are far less significant contributors to climate change than the aggregate emission of other greenhouse gases like carbon dioxide and methane. But HFCs are thousands of times more potent than carbon dioxide on a pound-per-pound basis, making them an obvious target for international efforts to combat climate change.

“Adopting an ambitious amendment to phase down the use and production of hydrofluorocarbons—or HFCs—is likely the single most important step that we could take at this moment to limit the warming of our planet,” Secretary of State John Kerry said in Kigali, in remarks before the passage of the agreement.

Climate Change Activists Disrupt Key Canada-U.S. Oil Pipelines

This week’s accord formally comes an amendment to the Montreal Protocol, an agreement crafted in 1989 to protect the ozone layer. The Montreal Protocol required countries to phase out chlorofluorocarbon—or CFC—from use in refrigerators, air conditioners and other uses because it depleted the ozone layer. Most manufacturers replaced CFC with HFCs—leading to a different, if related problem.

Now, countries party to the agreement will have to follow one of three timetables to peak and then reduce their use of HFCs. Developed countries will need to freeze their HFC production and use in 2019 with immediate reductions to follow immediately after that. Some developing countries, including China, Brazil and more than 100 more, agreed to peak their HFC use in 2024. And other developing countries agreed to freeze use in 2028. That last group includes many countries like India, Pakistan and the Gulf States, where expanded access to air conditioning could save lives due to sweltering heat.

The deal in Kigali builds on momentum from other international efforts this past year aimed at addressing climate change. The Paris Agreement—the most significant accord on the issue—will take effect next month after an intense ratification process that lasted less than a year after negotiations concluded, an unprecedented speed in the often slow-moving world of climate diplomacy. In November, climate negotiators will meet again in Morocco to discuss how to build on the Paris Agreement and ensure its effective implementation.

For more on climate change, watch:

Countries also agreed last month to a landmark measure, known as the ICAO Agreement, to cap emissions from international air transport. Greenhouse gas emissions from the aviation industry currently total about as much as those of Germany, not a small amount, and experts say that sum will grow as the world becomes even more mobile.

“Over the last year the global march to tackle climate change has been unwavering,” Andrew Light, a fellow at the World Resources Institute and a former State Department climate official, said in a statement. “The Paris Agreement, the ICAO Agreement and the Montreal Protocol amendment are three pillars that underpin a global transformation to a far safer and more prosperous planet.”

Still many experts say that international efforts have moved too slowly as research continues to highlight the scale and effects of global warming. Scientists say 2016 will top last year as the hottest year on record and, during some months, temperature rise already seemed to veer close to the 2°C benchmark.

This article originally appeared on TIME.com

About the Authors
By Justin Worland
See full bioRight Arrow Button Icon
By TIME
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Agility Robotics Chief Executive Peggy Johnson speaks on stage at Brainstorm Tech 2026 in Aspen, Colorado.
AIBrainstorm Tech
Tech leaders argue AI’s real future Is task augmentation, not mass layoffs
By Sebastian HerreraJune 11, 2026
2 hours ago
‘China follows Musk very closely’: While SpaceX blocked Chinese investors from IPO, China’s space firms prep their own as a counterweight
AsiaSpaceX
‘China follows Musk very closely’: While SpaceX blocked Chinese investors from IPO, China’s space firms prep their own as a counterweight
By Mia OsmonbekovJune 11, 2026
3 hours ago
The head of Claude Code hasn’t ‘written a line of code by hand’ in 8 months
ConferencesBrainstorm Tech
The head of Claude Code hasn’t ‘written a line of code by hand’ in 8 months
By Nick LichtenbergJune 11, 2026
3 hours ago
Inflation is roaring back globally, 2022 style. The Iran war is only half the problem
EconomyInflation
Inflation is roaring back globally, 2022 style. The Iran war is only half the problem
By Eva RoytburgJune 11, 2026
3 hours ago
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
NewslettersMPW Daily
How Hollywood trained Bridgit Mendler for life as a space founder
By Emma HinchliffeJune 11, 2026
4 hours ago
Stranded on a Denver tarmac, Booking.com’s CEO envisions the AI that should have rerouted him to Aspen before takeoff
AIBrainstorm Tech
Stranded on a Denver tarmac, Booking.com’s CEO envisions the AI that should have rerouted him to Aspen before takeoff
By Sydney LakeJune 11, 2026
4 hours ago

Most Popular

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
1 day ago
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
3 days ago
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Innovation
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
2 days ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
3 days ago
Current price of oil as of June 10, 2026
Personal Finance
Current price of oil as of June 10, 2026
By Joseph HostetlerJune 10, 2026
1 day ago
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.