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Climate Change Agreement Requirements

On 12 December 2015 the text of the Paris Agreement, a legally binding pact containing all the elements necessary to develop a comprehensive strategy to combat climate change after 2020 – the period before 2020 is part of the second phase of the Kyoto Protocol (the Doha Amendment). Some of the main points are summarized: at the 2015 Paris conference, at which the agreement was negotiated, developed countries reaffirmed a commitment to mobilize $100 billion a year for climate-financed energy 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] They also agreed to organize the facilitator dialogue (Talanoa Dialogue) which was conceived in 2018. It will provide space to assess the joint progress made next year at COP 24 in Poland to achieve long-term climate goals. At the Environment Council meeting, ministers discussed the follow-up to the Paris agreement on climate change and its impact on EU climate policy. EU heads of state and government welcomed the historic climate agreement reached at COP21 in Paris and called on the Commission and the Council to assess the results by March 2016, including the 2030 climate and energy framework, and to prepare for the next steps. The Paris Agreement helps us avoid an ambitious measure that would make the target well below 2 degrees unlikely. In 2018, countries will have the opportunity to review their joint efforts within the framework of the overall objectives before formally presenting their national contributions to the new agreement. This exercise is repeated every five years.

Looking for a glimmer of air in the unseely UN climate report? Here we can determine the effects of climate change through the political, economic and social choices we are making today. The Paris Agreement came into force on 4 November 2016 after completing the ratification requirement by at least 55 countries, representing at least 55% of global greenhouse gas emissions. All EU countries have ratified the agreement. At its meeting on 10 November 2015, the ECOFIN Council adopted conclusions on climate finance. The findings recognize the role of climate finance as a means of keeping global warming below 2 degrees Celsius and towards a transition to climate-resilient greenhouse gas emissions and sustainable economies. They also focused on the EU`s contribution to climate finance, which amounts to $100 billion a year, from a multitude of sources promised by industrialized countries by 2020. Ministers agreed that significant resources were needed to help developing countries cope adequately with climate change. 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.