IPIECA has developed The Paris Puzzle – our set of communications on the challenges and responses needed to address the risks of climate change, in light of the new global agreement at COP-21 in Paris, 2015, under the UN Framework Convention on Climate Change.The UNFCCC negotiations have the potential to instigate a significant increase in the level of ambition, both for governments and for the private sector, in the global effort to reduce greenhouse gas (GHG) emissions and manage the risks of climate change.