Developed by SYSTEMIQ, The Paris Effect: How the climate agreement is reshaping the global economy, examines how progress towards a zero-carbon economy has accelerated in the past five years since the Paris Agreement, and the opportunities that this creates for governments that join this transition. The new assessment shows that although greenhouse gas emissions and global temperatures are rising, progress on low-carbon solutions has been faster than many realise: in 2015, zero-carbon technologies and business models could rarely compete with legacy high-carbon businesses. Today, zero-carbon solutions are competitive in markets representing around one quarter of emissions. By 2030, these solutions could be competitive across sectors representing nearly three quarters of emissions. The report highlights how key shifts across the general public, corporates, finance and government are propelling this progress, creating the opportunity to scale zero-carbon industries in the 2020s. The Paris Effect draws on research and analysis from hundreds of sources to highlight economic, social and political trends over the past five years. Countries that create the right enabling policy environments to harness these trends stand to capture the benefits of millions of jobs, resilient economies, and simultaneously reduce emissions. Finance ministers and other key economic decision-makers can accelerate investments into low-carbon industries with greater confidence that this will deliver compelling returns. The case for enlightened self-interest has never been stronger.