The agreement says all countries must report on their emissions and their efforts the reduce them.
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One needs to be accommodative without changing the thrust of the agreement.
First there were tears, hugs and a standing ovation that greeted approval of a historic worldwide climate deal.
‘Deliberations at COP21 Paris agreement demonstrates the collective wisdom of world leaders to mitigate climate change, ‘ the leader said on Twitter.
Paris: Amid cheers, hugs and tears of joy, delegates from 196 countries at the climate change conference here adopted late on Saturday the first universal pact committing them to curb global warming to well below 2 degrees Celsius and outline a roadmap to raise $100 billion annually towards a green fund for developing nations.
The Agreement is scheduled to go into effect from 2020.
Mr Obama admitted the agreement was not flawless but added: “Together, we’ve shown what’s possible when the world stands as one”.
The text adopted Saturday aims to limit the average global temperature rise since pre-industrial times to well below 2 degrees Celsius this century, while endeavoring to achieve a 1.5-degree target.
But the temperature target – a considerable victory for vulnerable small island states and other low-lying countries threatened by rising sea levels – carries its own clout; it will become the benchmark by which the voluntary pledges made by countries to cut their emissions will be judged over time.
The deal culminates negotiations that have gone on for years, and is the most wide-ranging climate agreement since the Kyoto accord.
At the UN General Assembly in September, the British Prime Minister, David Cameron, announced a significant uplift in the UK’s climate finance of at least 50% with a £5.8 billion over the next 5 years, including £1.76 billion in 2020; from £3.87 billion between 2011 and 2016.
The United States and other rich nations countered that emerging giants must also do more, arguing developing countries now account for most of current emissions and thus will be largely responsible for future warming.
“This is an historic agreement”, said Steffen Kallbekken, director of the Centre for International Climate and Energy Policy.
The agreement was gavelled through to huge cheers and applause at United Nations talks in Paris, following intense diplomatic efforts led by the France. “Mahatma Gandhiji used to say that ‘we have not inherited earth from our ancestors, but we have it on loan from future generations”, he said. There are also mechanisms to ensure that countries fulfil their pledges and mobilise sufficient aid to help poor countries convert their economies to cleaner energy sources and cope with global warming, he said.
US President Barack Obama said the Paris deal is “the best chance we have to help save the planet”.
THERE has been so much failure and compromise on tackling climate change in the last 20 years that it is hard to believe it when the global community really does make progress.
The burning of those fossil fuels releases invisible greenhouse gases, which cause the planet to warm and change Earth’s delicate climate system.
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Senate Majority Leader Mitch McConnell of Kentucky said, Obama is “making promises he can’t keep, writing checks he can’t cash, and stepping over the middle class to take credit for an “agreement” that is subject to being shredded in 13 months”.
