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Paris Climate Pact
The United States and China, which together are responsible for 40 percent of the world\'s carbon emissions, have both formally joined the Paris global climate agreement.
The United States and China, which together are responsible for 40 percent of the world's carbon emissions, have both formally joined the Paris global climate agreement. But a cautious India on Saturday said it has warded off pressure from the US and China to set this year as the deadline to ratify the Paris Agreement. India feels there are various legal impediments, according to Aravind Panagariya, Vice-Chairman of National Institution for Transforming India (NITI) Aayog.
At the Paris climate conference (COP21) last December, 195 countries adopted the first-ever universal, legally binding global climate deal. The agreement sets out a global action plan to put the world on track to avoid dangerous climate change by limiting global warming to well below 2°C. The agreement is due to enter into force in 2020.
The governments has agreed on a long-term goal of keeping the increase in global average temperature to well below 2°C above pre-industrial levels; to aim to limit the increase to 1.5°C, since this would significantly reduce risks and the impacts of climate change; on the need for global emissions to peak as soon as possible, recognising that this will take longer for developing countries; and to undertake rapid reductions thereafter in accordance with the best available science.
Before and during the Paris conference, countries submitted comprehensive national climate action plans (INDCs). These are not yet enough to keep global warming below 2°C, but the agreement traces the way to achieving this target. Governments agreed to: come together every 5 years to set more ambitious targets as required by science; report to each other and the public on how well they are doing to implement their targets; track progress towards the long-term goal through a robust transparency and accountability system.
The agreement recognises the role of non-Party stakeholders in addressing climate change, including cities, other sub national authorities, civil society, the private sector and others. The EU and other developed countries will continue to support climate action to reduce emissions and build resilience to climate change impacts in developing countries. Other countries are encouraged to provide or continue to provide such support voluntarily. Developed countries intend to continue their existing collective goal to mobilise $100 billion per year by 2020 and extend this until 2025. A new and higher goal will be set for after this period. (http://ec.europa.eu/)
