World Agreement On Climate Change

Private sector leaders are increasingly recognizing that the transition from our low-carbon economy to a low-carbon economy is not only essential to limiting the adverse effects of climate change; It is also good for the company`s results. The Paris Agreement reflects the collective belief of almost every nation on the planet that climate change is humanity`s war to fight it, and reveals America`s climate-sceptics – including Trump – as global outliers. Indeed, the mobilization of support for climate action across the country and around the world gives hope that the Paris Agreement has marked a turning point in the fight against climate change. We can all contribute to the cause by looking for ways to reduce contributions to global warming, at the individual, local and national levels. The effort will be worth the reward of a safer and cleaner world for future generations. The United Nations Conference on Environment and Development, held in Rio de Janeiro in 1992, has affected international consensus on the issue of climate change. During the summit, the United Nations Framework Convention on Climate Change (UNFCCC) was established, which was originally signed by 166 countries and finally entered into force on 21 March 1994. To date, it has been ratified by 197 countries. Under the Paris Agreement, each country must define, plan and report regularly on its contribution to the fight against global warming. [6] There is no mechanism for a country[7] to set an emission target for a specified date,[8] but any target should go beyond the previous targets. The United States formally withdrew from the agreement the day after the 2020 presidential election,[9] although President-elect Joe Biden said America would return to the agreement after his inauguration.

[10] Some of the specific results of the increased attention to adjustment financing in Paris are the announcement by the G7 countries of a $420 million package for climate risk insurance and the launch of a Climate Risk and Early Warning Systems (CREWS) initiative. [51] In 2016, the Obama administration awarded a $500 million grant to the 「Green Climate Fund」 as 「the first part of a $3 billion commitment made at the Paris climate talks.」 [52] [53] [54] To date, the Green Climate Fund has received more than $10 billion in commitments.