The Paris Agreement reaffirms the commitments made by industrialized countries under the UNFCCC; The cop decision that accompanies the agreement extends the target of 100 billion $US per year until 2025 and claims a new target that goes beyond it “a floor” of 100 billion $US per year. The agreement also broadens the donor base beyond industrialized countries by encouraging other countries to provide “voluntary” aid. China, for example, pledged $3 billion in 2015 to help other developing countries. The government could send a strong signal at the start of the school year, pledging to achieve climate neutrality by 2050 and promising to formally file a new PNN as soon as possible. (In order to meet the technical requirements of the agreement for a PNN, it could, in the meantime, provide a substitute or a provisional NDC, for example.B. restoring the Obama administration`s goal for 2025.) Ideally, it would then be able to provide an ambitious and credible PNN in time for the COP 26 postponed in Glasgow to December 2021. Adaptation – the measures taken to deal with the effects of climate change – takes on much more weight under the Paris Agreement than before under the UNFCCC. Just as the Parties will submit contributions to the reduction, the Agreement requires all Parties, where appropriate, to plan and implement adaptation efforts and encourages all Parties to report on their adaptation efforts and/or needs. The agreement also provides for a review of progress on adaptation and the adequacy and effectiveness of adjustment assistance in the global inventory to be carried out every five years. As the Paris Agreement was to apply after 2020, the first formal inventory under the agreement will only take place in 2023. But as part of a decision accompanying the agreement, the parties decided to start the five-year cycle with a “support dialogue” on collective progress in 2018 and the filing of NDCs by 2030 to 2020.
In addition, the agreement establishes a new mechanism to “facilitate implementation and promote compliance.” This “non-adversarial” committee of experts will try to help countries that do not meet their commitments to get back on track. There is no penalty for non-compliance. At the 21st Conference of the Parties (COP21), also known as the Paris Agreement concluded in Paris under the United Nations Framework Convention on Climate Change (UNFCCC). The agreement is expected to enter into force from 2020. .