Paris Agreements

The Paris Agreement is an international treaty adopted in 2015 under the United Nations Framework Convention on Climate Change (UNFCCC). Its primary goalis to limit global warming to well below 2 degrees Celsius above pre-industrial levels, with efforts to limit the increase to 1.5 degrees Celsius. The agreement includes commitments from countries to 3 main objectives: 

1. Reduce greenhouse gas emissions, 
2. Enhance climate resilience,
3. Provide financial support to developing nations for climate mitigation and adaptation efforts. 

Under the Paris Agreement, each Party sets its own emissions target, known as a “nationally determined contribution” (NDC). The agreement includes a strong reporting and review process, ensuring that all participating governments can monitor whether a country is meeting or progressing toward its target. The targets themselves are not legally binding and there are no formal penalties for missing these targets, although there is a legal obligation to submit and regularly update NDCs.