12 November 2016 Current Affairs: Prime Minister of Australia Malcolm Turnbull has ratified the Paris climate change agreement, on 10 November 2016 to curb carbon emissions and reduce the risk of dangerous climate change.
With the ratification, Australia aims towards limiting global warming to two degrees and set five-yearly targets for cutting emissions and reduce 2005 levels emissions by 26 to 28 per cent by 2030. Australia is on the track to beat 2020 target and committed to meet 2030 targets under the agreement.
More than 100 nations representing 70 per cent of the world’s emissions and three-quarters of global GDP, have ratified the deal
However, Donald Trump’s election to the US presidency has put the global action on climate change under threat as he would withdraw America from the Paris agreement, and stop spending on UN climate change programs.
The Paris Agreement is an agreement within the United Nations Framework Convention on Climate Change (UNFCCC) that deals with greenhouse gases emissions mitigation, adaptation and finance starting in the year 2020. The agreement commits that no country can back out until November 2020 at the earliest
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