The World is facing a Climate Emergency and the earth temperature has already increased by 1 degree, which is creating a great effect in water supply, biodiversity, oceans, food production, and extreme climatic events.
In Paris Climate Change Conference held on 12th December 2015, 195 countries agreed to hold the global temperature rise this century well below 2 degrees Celsius and make efforts to stay below 1.5 Degrees above pre-industrial levels, which is the safer line of defense against the worst condition. The Paris Agreement made all the countries to come together into a common cause based on past, present and future responsibilities aiming to combat climate change, control greenhouse gas emission and confront the impact of climate change.
To reach this global important goal and ambition the strategic financial flows, Technologies and enhanced capacities should be put in place, making strong action by developing countries with their own national objectives.
Setting a long-term direction, Countries will submit the plan of action and detailed future objective to achieve National Goal. Countries must put effort and submit the updated plan of action every five years through National Determined Contributions (NDCs). It will assess the collective information of growth towards achieving the purpose of the Paris agreement and to inform the countries about further individual actions.
The Paris Agreement opened for signature at UN HQ in New York on April 22nd, 2016 (Earth day).
It entered a double threshold after the 3rd day of the rectification of 55 countries accounting for at least 55% of Global emission till then reaching up to 125 parties in early 2017.
The first phase of the assembly (Conference of the Parties) meeting of the Parties to the Paris Agreement took place in Marrakech, Morocco November 15-18, 2016. The second phase of the first assembly took place in Bonn, Germany November 6-18, 2017. The third phase of the first assembly took place in synchrony with the 24th session of the Conference of the Parties (COP 24) in Katowice, Poland on December 2-14, 2018.
The Essential elements to drive Action forward:
Mitigation, Adaptation, Support, Recover Loss and damage, Transparency.
All countries will have to submit adaptation information, describing their adaptation preferences, plans and assistance needed to achieve the goals. Developing nations will receive support for adaptation procedures and the capacity of this support will be assessed.
The current Warsaw International Mechanism on Damage and Loss will be significantly strengthened.
The agreement consists of a strong transparency frame for both action and support. The frame will provide clarity on countries’ mitigation and adaptation efforts, as well as the requirement of support. At the same time. The agreement includes a global stock stake starting in 2023 to assess the collective progress towards the goals of the agreement which will be arranged every five years.
The agreement includes an agreement mechanism, supervised by a board of experts that operates in a non-punitive way.
Key Points of The Paris Agreement are below:
Global temperature control over a longer period, Climate Neutrality and Global Peaking.
Sinks and reservoirs, Mitigation, Voluntary cooperation/Market- and non-market-based approaches, Adaptation, Damage and loss, Finance, technology, and capacity-building support, Climate change education, climate change conferences, training, public awareness, public participation and public access to information, Transparency, Decision, implementation, and compliance Global Stock stake.