Its report “The Truth Behind the Paris Agreement Climate Pledges” warns that not reducing emissions will cost the world at least $2 billion a day by 2030 in economic losses due to weather events exacerbated by man-made climate change. In addition, weather patterns and phenomena affect human health, livelihoods, food and water, and biodiversity. By quantifying the damage done to society by CO2 pollution, Trump sees America as an island apart – and we all know what climate change is doing to the islands. The countries most affected by the effects of climate change will be low-lying nations, particularly vulnerable to sea level rise, and developing countries that do not have the resources to adapt to changes in temperature and precipitation. But prosperous nations like the United States are also increasingly vulnerable. In fact, millions of Americans – especially children, the elderly and the poor – are already suffering from the wrath of climate change. They also agreed on the organization of the “Talanoa” dialogue in 2018. It will provide space to assess the joint progress made next year at COP 24 in Poland to achieve long-term climate goals. “The agreement remains a cornerstone of global efforts to effectively combat climate change and cannot be renegotiated,” EU heads of state and government said. Since the adoption of the Paris Agreement on climate change in 2015, a global dynamic has developed to deal with the climate crisis. Progress has been made on almost every front, from bold emission reduction targets for coal-fired companies and investors, to a wave of support for zero net targets, and a growing movement of ugandan youth activists to India, culminating in Greta Thunberg, which was awarded Time magazine`s “Person of the Year 2019.” Recognizing that many developing countries and small island developing states that have contributed the least to climate change are most likely to suffer the consequences, the Paris Agreement contains a plan for developed countries – and others that are able to do so – to continue to provide financial resources to help developing countries reduce and increase their capacity to withstand climate change.
The agreement builds on the financial commitments of the 2009 Copenhagen Accord, which aimed to increase public and private climate finance to developing countries to $100 billion per year by 2020. (To put it in perspective, in 2017 alone, global military spending amounted to about $1.7 trillion, more than a third of which came from the United States. The Copenhagen Pact also created the Green Climate Fund to mobilize transformation funding with targeted public dollars. The Paris agreement expected the world to set a higher annual target by 2025 to build on the $100 billion target by 2020 and create mechanisms to achieve this. Montreal Protocol, 1987. Although the Montreal Protocol [PDF] was not designed to combat climate change, it was a historic environmental agreement that has become a model for future diplomacy on this issue. Each country in the world finally ratified the treaty, which required it to stop the production of substances that harm the ozone layer, such as chlorofluorocarbons (CFCs).