The Paris Agreement On Climate Change

The objective of the agreement is to reduce global warming described in Article 2 by improving the implementation of the UNFCCC by:[11] A new issue, emerging[55] as the focus of the Paris negotiations, is the fact that many of the most serious effects of climate change will be too severe or come too quickly to be avoided by adaptation measures. The Paris Agreement explicitly recognizes the need to address such loss and damage and aims to find appropriate responses. [56] It is specified that loss and damage can take different forms, both as immediate effects of extreme weather events and as slow effects, such as. B loss of land due to sea level rise for low islands. [33] Specific results of the increased focus on financing adjustment in Paris include the announcement by G7 countries to allocate $420 million to climate risk insurance and the establishment of an early warning and climate risk systems (CREWS) initiative. [51] In 2016, the Obama administration gave the Green Climate Fund a $500 million grant as “the first part of a $3 billion commitment made at the Paris climate negotiations.” [52] [53] [54] So far, the Green Climate Fund has received more than $10 billion in commitments. It should be noted that industrialized countries such as France, the United States and Japan, but also developing countries such as Mexico, Indonesia and Vietnam, have made commitments. [33] The countries most affected by the effects of climate change will be low-lying countries, which are particularly sensitive to sea-level rise, and developing countries that do not have the resources to adapt to changes in temperature and precipitation. But prosperous nations, like the United States, are also increasingly vulnerable. In fact, millions of Americans – especially children, the elderly, and the impoverished – are already suffering from the wrath of climate change. While both the Kyoto Protocol and the Paris Agreement aim to tackle climate change, there are important differences between them.

The agreement recognises the role of non-stakeholders in the fight against climate change, including cities, other sub-national authorities, civil society, the private sector and others.