Recognizing that many developing countries and small island developing states that have contributed the least to climate change are most likely to suffer the consequences, the Paris Agreement contains a plan for developed countries – and others that are able to do so – to continue to provide financial resources to help developing countries reduce and increase their capacity to withstand climate change. The agreement builds on the financial commitments of the 2009 Copenhagen Accord, which aimed to increase public and private climate finance to developing countries to $100 billion per year by 2020. (To put it in perspective, in 2017 alone, global military spending amounted to about $1.7 trillion, more than a third of which came from the United States. The Copenhagen Pact also created the Green Climate Fund to mobilize transformation funding with targeted public dollars. The Paris agreement expected the world to set a higher annual target by 2025 to build on the $100 billion target by 2020 and create mechanisms to achieve this. From 30 November to 11 December 2015, France hosted representatives from 196 countries at the end of the Un Climate Change Conference (UN), one of the largest and most ambitious global meetings ever held. The goal was nothing less than a binding and universal agreement to limit greenhouse gas emissions to levels that would prevent global temperatures from rising more than 2oC above the lower temperature levels set before the start of the industrial revolution. Taking part in an election campaign promise, Trump – a climate denier who has claimed that climate change is a “hoax” perpetrated by China, announced in June 2017 his intention to withdraw the United States from the Paris Agreement. But despite the rose garden president`s statement that “we`re going out,” it`s not that simple. The withdrawal procedure requires that the agreement be in effect for three years before a country can formally announce its intention to withdraw.
She`ll have to wait a year before she leaves the pact. This means that the United States could formally withdraw on November 4, 2020, the day after the presidential elections. Even a formal withdrawal would not necessarily be permanent, experts say. a future president could join us in a month. It is rare that there is a consensus among almost all nations on a single subject. But with the Paris agreement, world leaders agreed that climate change was driven by human behaviour, that it was a threat to the environment and to humanity as a whole, and that global action was needed to stop it. In addition, a clear framework has been put in place for all countries to make commitments to reduce emissions and strengthen these measures over time. Here are some important reasons why the agreement is so important: in 1995, the parties to the climate convention adopted texts whose effects were limited and which were not binding, but which defined fundamental principles and objectives.
The Kyoto Protocol, adopted in 1997 and weakened by the non-ratification of the United States and the withdrawal of Canada, Russia, Japan and Australia, set specific binding targets, including figures for industrialized countries, without quantifying the commitment of developing countries. The Copenhagen conference (COP15) recognized the need to limit the temperature increase to 2oC above pre-industrial levels and called for an increase in the resources of industrialized countries. The countries most affected by the effects of climate change will be low-lying nations, particularly vulnerable to sea level rise, and developing countries that do not have the resources to adapt to changes in temperature and precipitation.