Abstract

The project revolves around two agreements, i.e., TRIPS 1994 and Paris agreement 2015. TRIPS stands for ‘Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), and all the member states of WTO are parties to TRIPS. TRIPS plays a crucial role in implementing the trade-in knowledge & creativity and helps achieve the internal policy objectives framed by each Member State. The TRIPS empowered the State to plan its own approach to IP protection & enforcement in consonance with the State's public policy goals. Apart from this, the TRIPS also promotes technology transfer and the social & economic welfare of the member States. The primary objective of the TRIPS is to create a balanced IP system. Now, the second agreement is the Paris agreement on climate change which is binding on 196 countries. The agreement aims to reduce the rate of global warming below 2 degrees Celsius. For this, the member countries have to reduce their greenhouse gas emissions, and this social & economic transformation requires the best available knowledge & innovation available globally. Here, the TRIPS will come under the picture because one of the visions of the Paris agreement is the transfer & development of technology to fight against climate change and reduce greenhouse gas emissions. The work will revolve around three questions, i.e., How does the present framework of TRIPS contribute to the implementation of the Paris agreement?, What are the changes required in TRIPS & in the approach of the WTO member states in the proper implementation of the Paris agreement?, and What are the possible solutions to the challenges faced by the TRIPS in implementing the Paris agreement?

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