- Adoption:
- Signed in December 2015 during COP21 in Paris by 196 parties.
- Aims: To combat climate change and transition to a low-carbon future.
- Goals:
- Temperature Target: Limit global warming to well below 2°C; aim for 1.5°C above pre-industrial levels.
- Key Focus Areas :
- Adaptation: Build resilience to climate impacts.
- Mitigation: Reduce greenhouse gas (GHG) emissions.
- Finance: Mobilize resources for developing nations.
- Features:
- Nationally Determined Contributions (NDCs): Countries set and update their emission reduction targets every five years.
- Global Stocktake: Reviews collective progress every five years.
- Transparency Framework: Ensures accurate reporting of emissions and actions.
- Climate Finance: Developed nations pledged $100 billion annually to support developing countries until 2025.
Source: The Hindu