Union Cabinet approves signing the Paris Agreement
Posted on: 20 Apr 2016 18:21:38
20 April 2016 Current Affairs: The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today gave its approval for signing the Paris Agreement adopted at the 21st Conference of Parties held in Paris in December 2015. The Paris Agreement on climate change is a milestone in global climate cooperation. It is meant to enhance the implementation of the Convention and recognizes the principles of equity and common but differentiated responsibilities and respective capabilities in the light of different national circumstances.
Features of Paris Agreement :
The Paris Agreement acknowledges the development imperatives of developing countries. The Agreement recognizes the developing countries' right to development and their efforts to harmonize development with environment, while protecting the interests of the most vulnerable.
The Paris Agreement recognizes the importance of sustainable lifestyles and sustainable patterns of consumption with developed countries taking the lead, and notes the importance of 'climate justice in its preamble.
The Agreement seeks to enhance the 'implementation of the Convention' whilst reflecting the principles of equity and common but differentiated responsibilities and respective capabilities, in the light of different national circumstances.
The objective of the Agreement further ensures that it is not mitigation-centric and includes other important elements such as adaptation, loss and damage, finance, technology, capacity building and transparency of action and support.
Pre-2020 actions are also part of the decisions. The developed country parties are urged to scale up their level of financial support with a complete road map to achieve the goal of jointly providing US $ 100 billion by 2020 for mitigation and adaptation by significantly increasing adaptation finance from current levels and to further provide appropriate technology and capacity building support.
India had advocated a strong and durable climate agreement based on the principles and provisions of the Convention. The Paris Agreement addresses all the important concerns and expectations of India.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail