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The Paris Agreement summary

 

The Paris Agreement is an international treaty adopted in December 2015 during the 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC) in Paris, France. The key points of the agreement include:

  1. Global Temperature Goal: The agreement aims to limit global warming to well below 2 degrees Celsius above pre-industrial levels, with efforts to limit the increase to 1.5 degrees Celsius.
  2. Nationally Determined Contributions (NDCs): Each country must submit their own plans for climate action, known as NDCs, which outline their efforts to reduce greenhouse gas emissions and adapt to climate change. These plans are to be updated every five years with increasingly ambitious targets.
  3. Financial Support: Developed countries are to provide financial assistance to developing countries to help them reduce emissions and adapt to the impacts of climate change. This includes a commitment to mobilize $100 billion per year by 2020, with continued funding through 2025.
  4. Transparency and Accountability: The agreement establishes a framework for transparency and accountability, requiring countries to regularly report on their emissions and progress in implementing their NDCs. There is also a mechanism for reviewing these reports and ensuring compliance.
  5. Adaptation and Resilience: The agreement emphasizes the importance of adaptation, encouraging countries to enhance their adaptive capacity, strengthen resilience, and reduce vulnerability to climate change.
  6. Global Stocktake: Every five years, there will be a global stocktake to assess collective progress towards achieving the long-term goals of the agreement. This will inform the updating and enhancing of individual NDCs.
  7. Capacity Building: The agreement recognizes the need to support capacity building in developing countries, ensuring they have the tools and knowledge necessary to meet their climate goals.

The Paris Agreement represents a significant global effort to address climate change, requiring cooperation and action from all nations to mitigate the impacts of climate change and transition to a sustainable, low-carbon future.

 

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