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The Paris Agreement is an international environmental agreement which aims to combat climate change. It was adopted by 195 countries in 2015 and aims to limit global warming to below 2°C above pre-industrial levels. The agreement provides a framework for countries to take action to reduce greenhouse gas emissions and adapt to the impacts of climate change.

The following are key aspects of Paris Agreement that are important for UPSC aspirants to understand:

1. Nationally Determined Contributions (NDCs)

Under the Paris Agreement, each country is required to submit its Nationally Determined Contributions (NDCs) outlining their commitments towards reducing greenhouse gas emissions. These commitments are voluntary and non-binding, but countries are encouraged to take ambitious actions to reduce emissions over time. The NDCs are reviewed every five years, and countries are expected to increase their commitments over time.

2. Long-term goals

The Paris Agreement sets a long-term goal of limiting global warming to well below 2°C above pre-industrial levels, aiming for 1.5°C. This goal is based on the best available science and seeks to prevent the most catastrophic impacts of climate change. The agreement also acknowledges the need to increase the ability of countries to adapt to the impacts of climate change.

3. Financing

The Paris Agreement recognizes the need for developed countries to provide financial resources to developing countries to help them transition to low-carbon economies and adapt to the impacts of climate change. This includes a commitment to provide $100 billion per year by 2020 and to increase this amount in the future. The agreement also encourages public and private sector investments in low-carbon and climate-resilient development.

4. Transparency and accountability

The Paris Agreement includes provisions for transparency and accountability, requiring countries to regularly report on their emissions and progress towards meeting their NDCs. The agreement also establishes a mechanism for tracking the collective progress towards achieving the long-term goals of the agreement.

5. Technology transfer and capacity building

The Paris Agreement acknowledges the importance of technology transfer and capacity building to help developing countries reduce their greenhouse gas emissions and adapt to the impacts of climate change. The agreement encourages the transfer of environmentally sound technologies to developing countries and the provision of financial and technical assistance to help build their capacity to address climate change.

In conclusion, the Paris Agreement is a crucial international environmental agreement aimed at combating climate change. The key aspects of the agreement, such as NDCs, long-term goals, financing, transparency and accountability, and technology transfer and capacity building, are important for UPSC aspirants to understand. As the world faces increasingly severe impacts from climate change, it is crucial for countries to work together to implement the Paris Agreement and take decisive actions to reduce greenhouse gas emissions and build a more sustainable future.