Paris Agreement On Climate Change Pdf

(a) to keep the global average temperature increase well below 2 degrees Celsius above pre-industrial levels and to continue efforts to limit the increase in temperature to 1.5 degrees Celsius above pre-industrial levels, the potential to significantly reduce the risks and effects of climate change; The aim of the agreement is to reduce global warming described in Article 2, (improving the implementation” of the UNFCCC by:[11] Specific results of increased attention to adaptation-funded funding in Paris are the announcement by the G7 countries of the provision of $420 million for climate risk insurance and the launch of a climate risk and early warning systems initiative (CREWS). [51] In 2016, the Obama administration awarded a $500 million grant to the “Green Climate Fund” as “the first part of a $3 billion commitment made at the Paris climate talks.” [52] [53] [54] To date, the Green Climate Fund has received more than $10 billion in commitments. The commitments come mainly from developed countries such as France, the United States and Japan, but also from developing countries such as Mexico, Indonesia and Vietnam. [33] This strategy included energy and climate policy, including the so-called 20/20/20 targets, namely a 20% reduction in carbon dioxide (CO2) emissions, an increase in the market share of renewable energy to 20% and a 20% increase in energy efficiency. [12] At the 2011 UN Climate Change Conference, the Durban Platform (and the ad hoc working group on the Durban Platform for Enhanced Action) were created to negotiate a legal instrument for climate action from 2020. The resulting agreement is expected to be adopted in 2015. [62] At the 2015 Paris conference, at which the agreement was negotiated, developed countries reaffirmed their commitment to mobilize $100 billion a year for climate-financed financial institutions by 2020 and agreed to continue mobilizing $100 billion a year until 2025. [48] The commitment refers to the existing plan to allocate $100 billion per year to developing countries for climate change adaptation and climate change mitigation. [49] Another key difference between the Paris Agreement and the Kyoto Protocol is their scope.