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With reference to the Paris Climate Agreement, consider the following:
It is a legally binding international treaty on climate change
  • The Paris Agreement aims to scale up climate finance for developing nations to $500 billion a year by 2020.
  • Parties aim to reach global peaking of greenhouse gas emissions (GHGs) by 2050.
    Q. Which of the statements given above is/are correct?
    • a)
      1 only
    • b)
      2 and 3 only
    • c)
      1 and 3 only
    • d)
      1, 2 and 3
    Correct answer is option 'A'. Can you explain this answer?
    Most Upvoted Answer
    With reference to the Paris Climate Agreement, consider the following...
    Statement 1 is correct. The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 of UNFCCC in Paris, on 12 December 2015 and entered into force on 4 November 2016.
    Statement 2 is incorrect. The Paris Agreement builds on the financial commitments of the 2009 Copenhagen Accord, which aimed to scale up public and private climate finance for developing nations to $100 billion (not $ 500 bn) a year by 2020. The Copenhagen pact also created the Green Climate Fund to help mobilize transformational private finance using targeted public dollars. The Paris Agreement established the expectation that the world would set a higher annual goal by 2025 to build on the $100 billion target for 2020 and would put mechanisms in place to achieve that scaling up. Unfortunately, collective contributions continue to fall short, reaching approximately $79 billion in 2019.
    Statement 3 is incorrect. Its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels. To achieve this long-term temperature goal, countries aim to reach global peaking of greenhouse gas emissions ‘as soon as possible’ to achieve a climate-neutral world by mid-century.
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    With reference to the Paris Climate Agreement, consider the following: It is a legally binding international treaty on climate change The Paris Agreement aims to scale up climate finance for developing nations to $500 billion a year by 2020. Parties aim to reach global peaking of greenhouse gas emissions (GHGs) by 2050. Q. Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
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    With reference to the Paris Climate Agreement, consider the following: It is a legally binding international treaty on climate change The Paris Agreement aims to scale up climate finance for developing nations to $500 billion a year by 2020. Parties aim to reach global peaking of greenhouse gas emissions (GHGs) by 2050. Q. Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Paris Climate Agreement, consider the following: It is a legally binding international treaty on climate change The Paris Agreement aims to scale up climate finance for developing nations to $500 billion a year by 2020. Parties aim to reach global peaking of greenhouse gas emissions (GHGs) by 2050. Q. Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Paris Climate Agreement, consider the following: It is a legally binding international treaty on climate change The Paris Agreement aims to scale up climate finance for developing nations to $500 billion a year by 2020. Parties aim to reach global peaking of greenhouse gas emissions (GHGs) by 2050. Q. Which of the statements given above is/are correct?a)1 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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