The Paris Agreement is the culmination of decades of international efforts to combat climate change. Here`s a little story. This type of coalition beyond sectors, parties and even beliefs was once unprecedented, and today it is a model that pushes nations to take more ambitious action on climate change around the world. Alliances for Climate Action are a global network of coalitions that now spans five continents. They are the new faces of climate leadership around the world and accelerate the planning and implementation of critical measures to combat climate change. Specific results of increased attention to adjustment financing in Paris include the announcement by the G7 countries of $420 million for climate risk insurance and the launch of a Climate Risk and Early Warning Systems (CREWS) initiative.  In 2016, the Obama administration awarded a $500 million grant to the “Green Climate Fund” as “the first part of a $3 billion commitment made at the Paris climate talks.”    To date, the Green Climate Fund has received more than $10 billion in commitments. The commitments come mainly from developed countries such as France, the United States and Japan, but also from developing countries such as Mexico, Indonesia and Vietnam.  From 30 November to 11 December 2015, France hosted representatives from 196 countries at the end of the United Nations Climate Change Conference (UN), one of the largest and most ambitious global meetings ever held. The goal was nothing less than a binding and universal agreement to limit greenhouse gas emissions to levels that would prevent global temperatures from rising more than 2oC above the lower temperature levels set before the start of the industrial revolution.
The Paris Agreement establishes a global framework to prevent dangerous climate change by limiting global warming to a level well below 2 degrees Celsius and by making efforts to limit it to 1.5 degrees Celsius. It also aims to strengthen countries` capacity to cope with the effects of climate change and to assist them in their efforts. 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 agreement stated that it would only enter into force (and therefore fully effective) if 55 countries that produce at least 55% of global greenhouse gas emissions (according to a list drawn up in 2015)  ratify, accept, approve or adhere to the agreement.   On April 1, 2016, the United States and China, which together account for nearly 40% of global emissions, issued a joint statement confirming that the two countries would sign the Paris climate agreement.  175 contracting parties (174 states and the European Union) signed the agreement on the first day of its signing.   On the same day, more than 20 countries announced plans to join the accession as soon as possible in 2016. The ratification by the European Union has achieved a sufficient number of contracting parties to enter into force on 4 November 2016. The EU will become the first climate-neutral continent by 2050, after Trump – a climate denier who claimed climate change was a “hoax” perpetrated by China – announced in June 2017 his intention to withdraw the US from the Paris Agreement.
But despite the rose garden president`s statement that “we`re going out,” it`s not that simple. The withdrawal procedure requires that the agreement be in effect for three years before a country can formally announce its intention to withdraw. She`ll have to wait a year before she leaves the pact. This means that the United States could formally withdraw on November 4, 2020, the day after the presidential elections.