Between November 30 and December 11, over 190 countries will negotiate a new pact to combat climate change. All of Group of 20 nations have prepared to limit emissions into the next decade as costs for alternative energy sources become more viable, Bloomberg reports.

“In Paris we have two important positive points of departure: global political momentum and leadership and a better competitive environment for clean energy,” International Energy Agency Executive Director Fatih Birol told Bloomberg.

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Max Chen contributed to this article.