President Donald Trump announced on June 1, 2017 the withdrawal of the United States from the pioneering Paris Agreement on Climate Change in June 1, 2017. But even if the United States decided to re-enter the agreement, it would have implications for outsourcing and the implementation of a few months. The language of the agreement was negotiated by representatives of 195 countries at the 21st UNFCCC Conference of the Parties in Paris and agreed on 12 December 2015. At its meeting on 10 November 2015, the ECOFIN Council adopted conclusions on climate finance. The findings recognize the role of climate finance as a means of keeping global warming below 2 degrees Celsius and towards a transition to climate-resilient greenhouse gas emissions and sustainable economies. They also focused on the EU`s contribution to climate finance, which amounts to $100 billion a year, from a multitude of sources promised by industrialized countries by 2020. Ministers agreed that significant resources were needed to help developing countries cope adequately with climate change. Each year, the parties to the UNFCCC meet to review and review progress on the convention, related agreements and their implementation. The Presidency of the Council represents the EU in these international forums known as the “United Nations Climate Change Conferences” (COP).
New Delhi Jagran News Desk: India is on track to meet the Paris Agreement`s goals “beyond expectations,” Prime Minister Narendra Modi said in his speech at Saturday`s Global Climate Summit, pointing to his government`s successes in reducing the country`s coal intensity in recent years. As a global problem, climate change requires countries around the world to cooperate. In 2015, world leaders agreed on ambitious new goals in the fight against climate change. Pompeo said the agreement imposed an unfair economic burden on the United States. He said the United States was proud of its record as a world leader in reducing all emissions. He added that the United States has been successful in promoting resilience and growing its economy and guaranteeing energy to its citizens. He said the United States was following a more realistic model. A new global agreement on climate change was reached on 12 December. The agreement is a balanced outcome with an action plan to limit global warming to a level “significantly below” 2 degrees Celsius and to limit its efforts to 1.5 degrees Celsius. Others say the U.S. withdrawal is due in part to the Obama administration`s inability to have the U.S. Senate ratify the Paris agreement.
The Paris climate conference was held from 30 November to 12 December 2015. This was the 21st meeting of the Conference of the Parties (COP 21) at the United Nations Framework Convention on Climate Change (UNFCCC) and the 11th meeting of the Conference of the Parties to the Kyoto Protocol (CMP 11). Delegations from some 150 countries participated in negotiations for a new comprehensive and legally binding agreement on climate change.