On the Significance of the Paris Agreement

The real significance of the agreement is that, for the first time, the principal players in climate change prevention–the US, China, and India–have all recognized that they have a direct and compelling stake in the matter, and that nothing will be accomplished (and disaster looms) if anyone insists on the right to be a free rider.  As a result, even though the structure of the deal is unconventional, it is conceivable that it could work.