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As of 31 March 2020, 186 parties (185 countries plus the European Union) had communicated their first NDCs to the United Nations Framework Convention on Climate Change Secretariat. A report by the UN stated in 2020 that: "the world is way off track in meeting this target at the current level of nationally determined contributions." [28]
The European Union (EU) has permanent observer status at the United Nations (UN) since 1974, and gained enhanced participation rights in 2011. The EU itself does not have voting rights but it is represented alongside its 27 members , one of which, France , is a permanent member of the Security Council .
The Green Climate Fund (GCF) is a fund for climate finance that was established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC). Considered the world's largest fund of its kind, GCF's objective is to assist developing countries with climate change adaptation and mitigation activities. [ 52 ]
The European Green Deal, approved in 2020, is a set of policy initiatives by the European Commission with the overarching aim of making the European Union (EU) climate neutral in 2050. [ 1 ] [ 2 ] The plan is to review each existing law on its climate merits, and also introduce new legislation on the circular economy (CE), building renovation ...
Its main objectives are to contribute to the shift towards a low carbon and climate resilient economy and improve the development, implementation and enforcement of EU climate change policies and laws. [89] In March of the year 2020 a draft of a climate law for the entire European Union was proposed.
The United Nations Framework Convention on Climate Change (UNFCCC or FCCC) is an international environmental treaty negotiated at the United Nations Conference on Environment and Development (UNCED), informally known as the Earth Summit, held in Rio de Janeiro from 3 to 14 June 1992.
The UN Framework Convention on Climate Change (UNFCCC), adopted at the 1992 Earth Summit is one of the first international treaties on the topic. It stipulates that parties should meet regularly to address climate change, at the Conference of Parties or COP. It forms the foundation to future climate agreements. [13]
The first phase of EU ETS was created to operate apart from international climate change treaties such as the pre-existing United Nations Framework Convention on Climate Change (UNFCCC, 1992) or the Kyoto Protocol that was subsequently (1997) established under it. When the Kyoto Protocol came into force on 16 February 2005, Phase I of the EU ...