Paris climate agreement

• 1. Main goal - keep the temperature increase below 2 degrees Celsius compare to preindustrial levels
• 2. Emissions agreement - global peaking of CO2 emissions should be reached soon so neutrality can be achieved ASAP
• 3. Country commitments - Countries report their commitments, which hold them accountable, reviewed every 5 years
• 4. Transparency - Countries have to be open about what they are spending their money on and their emissions
• 5. Market Mechanisms - Countries may use tools like emissions trading and climate credit to reduce emissions.
• 6. Come into force - came into effect on November 4th 2016. There were 55 parties responsible for 55% of global emissions
• 7. Irrecoverable damages - recognises the need to support measures measure for unrecoverable losses
• 8. Financial commitments - Developed countries will finance developing countries with at least $100 million a year to help with adaptation and mitigation
• 9. legal form and compliance - The document is is legally binding and if countries don't adhere they will be charges