Common Contracts

2 similar Paris Agreement contracts

Paris Agreement on
Paris Agreement • January 27th, 2016

The United Nations Framework Convention on Climate Change (UNFCCC) was negotiated at the Earth Summit in 1992. The ultimate objective of the convention is to stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. The convention itself did not set any binding targets on greenhouse gas emissions for individual countries and contains no enforcement mechanisms. In 1997, the Parties to the convention adopted the Kyoto Protocol, which is legally binding in nature with obligations for developed countries. It was designed to reduce the greenhouse gas emissions recognizing that developed countries were the principal emitters and historically responsible for the cause of climate change. The protocol entered into force in 2005 and its first commitment period was from 2005 to 2012. During this commit- ment period, 37 industrialized countries and the European Community committed to reduce GHG emissions to

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Paris Agreement on
Paris Agreement • January 27th, 2016

The United Nations Framework Convention on Climate Change (UNFCCC) was negotiated at the Earth Summit in 1992. The ultimate objective of the convention is to stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system. The convention itself did not set any binding targets on greenhouse gas emissions for individual countries and contains no enforcement mechanisms. In 1997, the Parties to the convention adopted the Kyoto Protocol, which is legally binding in nature with obligations for developed countries. It was designed to reduce the greenhouse gas emissions recognizing that developed countries were the principal emitters and historically responsible for the cause of climate change. The protocol entered into force in 2005 and its first commitment period was from 2005 to 2012. During this commit- ment period, 37 industrialized countries and the European Community committed to reduce GHG emissions to

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