To find out what exactly an INDC is and why it is important, read our INDC explanation. The Kyoto Protocol, a landmark environmental agreement adopted at COP3 in Japan in 1997, is the first time that countries have agreed on country-specific emission reduction targets that are legally mandated. The protocol, which only entered into force in 2005, set binding emission reduction targets only for developed countries, based on the assumption that they were responsible for most of the Earth`s high greenhouse gas emissions. The United States first signed the agreement, but never ratified it; President George W. Bush argued that the deal would hurt the U.S. economy because it would not include developing countries such as China and India. Without the participation of these three countries, the effectiveness of the treaty has proven to be limited, as its objectives cover only a small fraction of total global emissions. In the period following the Paris meeting, the United Nations asked countries to submit plans detailing how they wanted to reduce greenhouse gas emissions. These schemes were technically referred to as Nationally Determined Planned Contributions (INDCs). As of December 10, 2015, 185 countries had submitted measures to limit or reduce their greenhouse gas emissions by 2025 or 2030.
In 2014, the United States announced its intention to reduce its emissions by 26 to 28 percent below 2005 levels by 2025. To achieve this goal, the country`s Clean Energy Plan should set limits on existing and projected emissions from power plants. China, the country with the largest greenhouse gas emissions, has set a goal of reaching its carbon dioxide emissions “by 2030 and doing everything possible to reach an early peak.” Chinese officials have also sought to reduce carbon dioxide emissions per unit of gross domestic product (GDP) by 60 to 65 percent from 2005 levels. In 2015, outgoing senior UN climate officials reportedly called the $100 billion a year “peanuts” and said that “the $100 billion is the tail stirring the dog.” In 2015, the executive director of the Green Climate Fund reportedly said that estimated financing needs would increase to $450 billion a year after 2020. And no one knows where the money is going. No one could tell where to go? The Paris Agreement is a historic environmental agreement adopted by almost all countries in 2015 to combat climate change and its negative impacts. The agreement aims to significantly reduce global greenhouse gas emissions in order to limit the increase in global temperature this century to 2 degrees Celsius above pre-industrial levels, while looking for ways to limit the increase to 1.5 degrees. The agreement contains commitments from all major emitting countries to reduce their pollution from climate change and to strengthen these commitments over time. The Compact provides a means for developed countries to assist developing countries in their mitigation and adaptation efforts, and provides a framework for transparent monitoring, reporting and strengthening of countries` individual and collective climate goals. Complying with the terms of the Paris Agreement and the onerous energy restrictions it imposed on the United States could cost America up to 2.7 million jobs lost by 2025, according to the National Economic Research Associates. That includes 440,000 fewer manufacturing jobs — not what we need — believe me, that`s not what we need — including auto jobs and the further decimation of vital American industries on which countless communities depend. They rely so much on them, and we would give them so little.
Here`s a look at what the Paris Agreement does, how it works, and how important it is to our future. Mr. Speaker, it takes courage, it takes commitment to say no to the praise of the people while doing what is right for the American people. You have that courage, and the American people can console themselves because you have their back. .