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Main Goal Of Paris Climate Agreement

It will also enable the contracting parties to gradually strengthen their contributions to the fight against climate change in order to achieve the long-term objectives of the agreement. The alliance of small island states and least developed countries, whose economies and livelihoods are most affected by the negative effects of climate change, has taken the initiative to address losses and damage as a particular theme of the Paris Agreement. [33] However, developed countries were concerned that looking at the issue as a separate issue that goes beyond adaptation would create additional climate funding or imply legal responsibility for catastrophic climate events. It is an agreement with an “action agenda” to implement accelerators to ensure more ambitious progress beyond binding commitments. In 1992, President George H.W. Bush joined 107 other heads of state at the Rio Earth Summit in Brazil to adopt a series of environmental agreements, including the UNFCCC framework, which is still in force today. The international treaty aims to prevent dangerous human intervention in the planet`s climate systems in the long term. The pact does not set limits on greenhouse gas emissions from individual countries and does not contain enforcement mechanisms, but establishes a framework for international negotiations on future agreements or protocols to set binding emissions targets. Participating countries meet annually at a Conference of the Parties (COP) to assess their progress and continue discussions on how best to combat climate change. While the Paris Agreement ultimately aims to limit global temperature increase to 1.5 degrees Celsius this century, many studies evaluating the voluntary commitments of some countries in Paris show that the cumulative effect of these emission reductions will not be significant enough to keep temperatures below that ceiling.

Indeed, the targets set by the target countries should limit the future increase in temperature between 2.7 and 3.7 degrees Celsius. At the same time, recent assessments of countries` developments in the framework of their climate targets in Paris indicate that some countries are already not meeting their commitments. The 197 “negotiators” committed to developing long-term strategies to develop low-greenhouse gas emissions. This is the first time that a universal agreement has been reached in the fight against climate change. INDE has addressed the challenges of eradicating poverty while reducing greenhouse gas emissions. About 24% of the world`s population without access to electricity (304 million) lived in India. Nevertheless, the country planned to “reduce the intensity of its GDP emissions by 33-35% by 2030” from 2005 levels. The country has also attempted to buy about 40% of its electricity from renewable energy sources, not fossil fuels by 2030. INDC found that implementation plans would not be affordable from national resources: it estimated that it would take at least $2.5 trillion to implement climate change measures by 2030.

India would achieve this through the transfer of technology (transfer of capacity and equipment from the most developed countries to less developed countries [LDCs]) and international funding, including support from the Green Climate Fund (an end-to-end investment support program in low-emission technologies and the development of populations vulnerable to the effects of climate change).

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