27 Nov 2015 Paris Agreement On Climate Change
At the 2015 Paris conference, at which the agreement was negotiated, developed countries reaffirmed their commitment to mobilize $100 billion a year to finance climate by 2020 and agreed to continue mobilizing $100 billion a year by 2025.  The commitment refers to the existing plan to allocate $100 billion per year to developing countries for climate change adaptation and climate change mitigation.  The Paris Agreement  is an agreement under the United Nations Framework Convention on Climate Change (UNFCCC) that deals with the reduction, adaptation and financing of greenhouse gas emissions and was signed in 2016. The language of the agreement was negotiated by representatives of 196 States Parties at the 21st UNFCCC Conference of parties held at Le Bourget, near Paris, France, and agreed on 12 December 2015.   Since February 2020, all 196 UNFCCC members have signed the agreement and 189 have left.  Of the seven countries that are not parties to the law, Iran and Turkey are the only major emitters. The level of the NDC set by each country will determine the objectives of that country. However, the “contributions” themselves are not binding under international law because of the lack of specificity, normative nature or language necessary to establish binding standards.  In addition, there will be no mechanism to compel a country to set a target in its NDC on a specified date and not for an application if a defined target is not achieved in an NDC.   There will be only a “Name and Shame” system  or as UN Deputy Secretary General for Climate Change, J. Pésztor, CBS News (US), a “Name and Encouragement” plan.  Since the agreement has no consequences if countries do not live up to their commitments, such a consensus is fragile.
A cattle of nations withdrawing from the agreement could trigger the withdrawal of other governments and lead to the total collapse of the agreement.  The Paris Agreement establishes a global framework to prevent dangerous climate change by limiting global warming to a level well below 2 degrees Celsius and by making efforts to limit it to 1.5 degrees Celsius. It also aims to strengthen countries` capacity to cope with the effects of climate change and to assist them in their efforts. InDCs become CNDs – nationally determined contributions – as soon as a country formally adheres to the agreement. There are no specific requirements as to how or how many countries should reduce emissions, but there were political expectations about the nature and rigour of the targets set by different countries. As a result, the scale and ambition of national plans vary widely, largely reflecting each country`s capacity, level of development and contribution to emissions over time. China, for example, has committed to cleaning up its CO2 emissions by 2030 at the latest and reducing CO2 emissions per unit of gross domestic product (GDP) by 60-65% by 2030 from 2005 levels. India has set a target of reducing emissions intensity by 33-35% from 2005 levels by 2030 and producing 40% of its electricity from non-fossil fuels. Paris Agreement, in the middle of the Paris Agreement on climate change, also known as the Paris Climate Agreement or COP21, an international treaty named after the city of Paris, France, which adopted it in December 2015, which aimed to reduce emissions of gases contributing to global warming.