The Paris Agreement is an international agreement within the UN Framework Convention on Climate Change to address climate change mitigation, adaptation and finance. It was adopted in Paris in December 2015 with the goal of limiting global warming to well below 2°C. Key points:
- Countries submit Nationally Determined Contributions (NDCs) outlining domestic climate actions every 5 years, which are not legally binding.
- Developed countries committed to mobilizing $100 billion per year in climate finance.
- India aims to increase renewable energy capacity and reduce emissions and fossil fuel dependence through policies like the National Solar Mission.
- The agreement establishes a global action plan for reducing greenhouse gas emissions and tracking progress every 5 years