The Paris agreement on climate change was largely welcomed by stakeholders in India and overseas, including Prime Minister Narendra Modi’s government, but there was also the concern that the rich countries could have done more to save the planet from the effects of global warming. Obama said the agreement is not flawless, but sets a framework that will contain periodic reviews and assessments to ensure that countries meet their commitments to curb carbon emissions.
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“We came together around a strong agreement the world needed”, said Obama, speaking from the White House. “Climate Change remains a challenge but Paris Agreement demonstrates how every nation rose to challenge, working towards a solution”, the Prime Minister tweeted.
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It calls for the global average temperature rise to be held to less than two-degrees Celsius- that’s three-point-six degrees Fahrenheit.
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The agreement is an ambitious accomplishment, more than nine years in the making.
As previously agreed, all developed countries will collectively mobilise $100 billion per year from both the public and private sector, to help the poorest and most vulnerable countries to protect themselves from the effects of climate change and support low carbon development.
The landmark agreement on climate change signed in Paris Saturday is “a new beginning in global cooperation” and is fair in splitting responsibility between developed and developing countries, according to a Chinese Foreign Ministry spokesperson.
Since 2014, countries have been approaching climate change from a voluntary standpoint, submitting their individual plans to the United Nations.
President Barack Obama and Secretary of State John Kerry hailed the newly passed worldwide climate change agreement as a major achievement that could help turn the tide on global warming, but got a quick reminder that Republicans will fight it all the way.
“This agreement sends a powerful signal that the world is firmly committed to a low-carbon future”, said Obama in a televised speech. It also will require that all countries report on “national inventories of emissions by source” and on their mitigation efforts.
Real turning points in human history are rare indeed, but it can already be said with some confidence that the Paris Agreement, adopted by acclamation at the final plenary session of COP21 on Saturday night in Le Bourget, is surely one of them.
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Going forward, the accord will also include five years of evaluation to check for progress on adaptation to climate change.
