There is a lot of misinformation about the Paris agreement, including the idea that it will hurt the U.S. economy. It was a series of unsubstantiated assertions that Trump repeated in his rose garden speech in 2017, arguing that the deal would cost the U.S. economy $3 trillion in jobs by 2040 and $2.7 million by 2025, making us less competitive with China and India. But, as the auditors pointed out, these statistics come from a March 2017 unmasked study that exaggerated the future cost of reducing emissions, underestimated advances in energy efficiency and clean energy technologies, and was completely unaware of the enormous health and economic costs of climate change itself. A new theme that has proved to be the centre of gravity of the Paris negotiations[55] 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. [56] 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. [33] The return to Paris will be a boost to the international fight against climate change, but domestically, the president will face a deeply divided nation and may find it difficult to advance his climate projects. Many states, cities and local governments have pledged to take strong action to combat climate change, although some face legal challenges. The aim of the agreement is to reduce global warming as described in Article 2, through an “improvement” in the implementation of the UNFCCC Convention:[11] The Paris Agreement is the first legally binding universal global agreement on climate change adopted at the Paris Climate Change Conference (COP21) in December 2015. (b) improving the ability to adapt to the negative effects of climate change and promoting resilience to climate change and the development of low greenhouse gas emissions so as not to endanger food production; The alliance of small island states and least developed countries, whose economies and livelihoods are most affected by the negative effects of climate change, has taken the initiative to address losses and damage as a particular theme of the Paris Agreement. [33] However, developed countries were concerned that looking at the issue as a separate issue that goes beyond adaptation would create additional climate funding or imply legal responsibility for catastrophic climate events.

Some countries have already responded to an invitation from the Conference of the Parties (COP) to communicate mid-century strategies, with 2050 being considered a reference year. Most of these countries have translated their long-term vision into a target as a percentage reduction, which, in Germany`s case, is to fall to 95% below the 1990 level by 2050.