Negotiators of the agreement stated that the INDCs presented at the time of the Paris conference were insufficient and found that “the estimates of aggregate greenhouse gas emissions in 2025 and 2030 resulting from the planned contributions at the national level are not covered by the least expensive scenarios of 2oC, but lead to a projected level of 55 gigatons in 2030.” and acknowledges that “much greater efforts to reduce emissions will be required to keep the global average temperature increase to less than 2 degrees Celsius, by reducing emissions to 40 gigatonnes or 1.5 degrees Celsius.”  The Paris Agreement was launched at the signing on April 22, 2016 (Earth Day) at a ceremony in New York.  After the agreement was ratified by several EU member states in October 2016, there were enough countries that had ratified the agreement to produce enough greenhouse gases in the world for the agreement to enter into force.  The agreement came into force on November 4, 2016.  c) Reconciling financial flows with a way to reduce greenhouse gas emissions and climate-resilient development. The long-term objective of the Paris Agreement is to keep the increase in global average temperature well below 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels; and to continue efforts to limit the increase to 1.5 degrees Celsius, while acknowledging that this would significantly reduce the risks and effects of climate change. This should require a rapid reduction in emissions to achieve “a balance between anthropogenic emissions from sources and the reduction of greenhouse gases from wells” in the second half of the 21st century. It also means increasing the parties` ability to adapt to the negative effects of climate change and “reconciling financial flows with a way to reduce greenhouse gas emissions and climate-resistant development.” Article 28 of the agreement allows the parties to terminate the contract following a notification of an appeal to the custodian. This notification can only take place three years after the agreement for the country comes into force. The payment is made one year after the transfer. Alternatively, the agreement provides that the withdrawal of the UNFCCC, under which the Paris Agreement was adopted, also withdraws the state from the Paris Agreement. The terms of the UNFCCC`s exit are the same as those of the Paris Agreement.
There is no provision in the agreement for non-compliance. A new theme that has proved to be the centre of gravity of the Paris negotiations was born out of the fact that many of the worst effects of climate change will be too severe or will come too quickly to be avoided by adaptation measures. The Paris Agreement explicitly recognizes the need to repair such losses and damages and seeks to find appropriate responses.  It is specified that losses and damage can take different forms, both as immediate effects of extreme weather events and as slow effects, such as land loss at sea level for deep islands.  Although the United States and Turkey are not parties to the agreement, as they have not indicated their intention to withdraw from the 1992 UNFCCC, they will continue, as a UNFCCC Schedule 1 country, to prepare national communications and an annual inventory of greenhouse gases.  Some of the specific results of the increased attention to adjustment financing in Paris are the announcement by the G7 countries of a $420 million package for climate risk insurance and the launch of a Climate Risk and Early Warning Systems (CREWS) initiative.  In 2016, the Obama administration awarded a $500 million grant to the “Green Climate Fund” as “the first part of a $3 billion commitment made at the Paris climate talks.”    To date, the Green Climate Fund has received more than $10 billion in commitments.