In addition to the forest cover target for the 2015 Paris climate agreement, India pledged to unconditionally reduce the emission intensity of its gross domestic product by 30-35% by 2030 compared to 2005 and to reach 40% of its installed capacity from renewable energy sources. According to a report published on 5 November, India`s commitment to contribute to the reduction of global climate change in the 2015 Paris Agreement is “insufficient”. To achieve the 2030 carbon sink target, India must “more than double its current rate of forest cover expansion.” India, home of the world`s 10 most polluted cities, is on track to exceed the 2015 Paris Agreement targets and could invest $401 billion for a green future between 2015 and 2030, according to a report. In addition, countries are working to reach “the global peak in greenhouse gas emissions” as soon as possible. The agreement has been described as an incentive and engine for the sale of fossil fuels.   When the agreement reached on October 5, 2016 enough signatures to cross the threshold, U.S. President Barack Obama said, “Even if we reach every goal… we will only get to part of where we need to go. He also said that “this agreement will help delay or avoid some of the worst consequences of climate change.” It will help other nations reduce their emissions over time and set bolder goals as technology progresses, all under a strong transparency system that will allow each nation to assess the progress of all other nations.   The objective of the agreement is to reduce The Climate 2 global warming and to improve the implementation of the UNFCCC by:, although the United States and Turkey are not parties to the agreement, as the countries have not announced their intention to withdraw from the 1992 UNFCCC, as they will continue to engage as an “Annex 1” country under the UNFCCC , to prepare national communications and an annual inventory of greenhouse gases.  According to reports by the Intergovernmental Panel on Climate Change (IPCC), global warming above 2 degrees Celsius will lead to an increase in the number of “extreme climate events”. One of the important objectives of the Paris Agreement is therefore to keep the global temperature rise “well below” 2 degrees Celsius and to continue efforts to limit it to 1.5 degrees Celsius.
The pact and its progress are reviewed every five years. In addition, developed countries have pledged $100 billion in climate finance per year to developing countries by 2020 to finance them in the future. While there is no penalty for countries that fail to meet their objectives, the agreement contains transparency rules that help countries meet their commitments. Adaptation issues were at the forefront of the paris agreement. Collective long-term adaptation objectives are included in the agreement and countries must be accountable for their adaptation measures, making adaptation a parallel element of the mitigation agreement.  Adaptation objectives focus on improving adaptive capacity, resilience and vulnerability limitation.  The agreement stated that it would only enter into force (and thus become fully effective) if 55 countries responsible for at least 55% of global greenhouse gas emissions (according to a list drawn up in 2015)  ratify, approve or accede to the agreement.   On April 1, 2016, the United States and China, which together account for nearly 40% of global emissions, issued a joint statement confirming that the two countries would sign the Paris climate agreement.  175 contracting parties (174 states and the European Union) signed the agreement on the first day of its signing.   On the same day, more than 20 countries announced plans to join the accession as soon as possible in 2016.