United Nations Adoption Of The Paris Agreement
Representatives of the Presidency of the Council and the European Commission have tabled the official ratification documents with the SECRETARy-general of the United Nations, who is the custodian of the agreement. The conference concluded with the adoption of the Katowice Climate Package, which sets out how the Paris Agreement will be implemented in a transparent and equitable manner for all. The package contains the main procedures and mechanisms that will put the Paris Agreement into force. While mitigation and adjustment require more climate funding, adjustment has generally received less support and has mobilized fewer private sector actions.  A 2014 OECD report showed that in 2014, only 16% of the world`s financial resources were devoted to adaptation to climate change.  The Paris Agreement called for a balance between climate finance between adaptation and mitigation, highlighting in particular the need to strengthen support for adaptation from the parties most affected by climate change, including least developed countries and small island developing states. The agreement also reminds the parties of the importance of public subsidies, as adjustment measures receive less public sector investment.  John Kerry, as Secretary of State, announced that the United States would double its grant-based adjustment funding by 2020.  The organization of COP21 and the adoption of the Paris Climate Agreement on 12 December 2015 marked a climax in French diplomacy and reminded us that we must act together for present and future generations for the benefit of all. As part of its commitment to implement a coherent international policy, France has developed effective tools to integrate its climate ambitions into its development strategy.
France was one of the countries that voluntarily agreed to present their SDG implementation strategy in 2016, less than a year after the adoption of the 2030 Sustainable Development Agenda; it reaffirmed its vision of a climate policy integrated into the national sustainable development strategy. Indeed, research shows that the cost of climate activity far outweighs the cost of reducing carbon pollution. A recent study suggests that if the United States does not meet its climate targets in Paris, it could cost the economy up to $6 trillion in the coming decades. A lack of compliance with the NPNs currently foreseen in the agreement could reduce global GDP by more than 25% by the end of the century. Meanwhile, another study estimates that achieving – or even exceeding – the Paris targets by investing in infrastructure in clean energy and energy efficiency could have great benefits globally – about $19 trillion. A new global agreement on climate change was reached on 12 December.