IPIECA welcomes the Paris Agreement and sees it as a crucial step in global efforts to address climate change…[E]fforts deployed by all stakeholders – governments, business and civil society – have intensified and contributed to reaching an ambitious outcome…The agreement is an important milestone that will send a strong signal going forward, but more work and action by all stakeholders will be needed…IPIECA supports and encourages governments in their efforts to reduce GHG emissions…We believe it is possible to address climate change risks whilst also meeting growing global energy demand and supporting economic development…In 2016 and beyond, IPIECA…will be undertaking work on topics including CCS, carbon pricing, good practice on methane emissions management, climate reporting and transparency. In the first half of this year, we will be assessing the…implications of the Paris agreement to help our industry develop our vision for low–emissions pathways…