What’s next for the Paris climate agreement?

It could have taken years. But after more than 190 countries signed the historic Paris climate agreement in December 2015, bringing the accord into force took months.

On October 5, enough countries had formally ratified the accord for the Paris agreement to go into effect. President Obama hailed the achievement, saying “The world meets the moment.

Does that mean the world is safe from the intense droughts, severe weather and sea-level rise of global warming? Not yet. But the Paris agreement is designed to cut greenhouse gas emissions and limit a rise in global temperatures to well below 2 degrees Celsius. Here’s how and what’s next:

Shifting finance

Already, investment in renewable energy is more than twice what the world is spending on new fossil fuel plants. The depth of support for the Paris agreement signals that the global economy is moving to a new era of renewable energy. This momentum will continue to grow over the coming decades.

Support for projects

Developed countries have committed to support developing countries as part of the Paris agreement. Every two years, developed countries will announce how much money they will give to help other countries meet their climate goals. As part of the Green Climate Fund, the U.S. pledged an initial $3 billion.

Paris to Marrakech 

The Paris agreement is set to officially enter into force on November 4. Countries will meet in Marrakech November 7–18 to begin putting the promise of Paris into action. For Moroccan Minister of Foreign Affairs Salaheddine Mezouar, the upcoming climate conference is an “opportunity to make the voices of the most vulnerable countries to climate change heard.”

Want to know more? You can follow climate progress @US_Center or the World Resources Institute.

ShareAmerica’s Doug Thompson created the illustration for this report.