The Paris Agreement is the world`s first comprehensive climate agreement.  The Kyoto Protocol was adopted. This is the world`s first agreement on reducing greenhouse gas emissions, which will come into force in 2005. As host and president of COP21, France is committed to supporting a multilateral negotiation process and listening to all stakeholders to reach an agreement: although containment and adaptation require increased climate funding, adjustment has generally received less support and mobilized fewer private sector actions.  A 2014 OECD report showed that in 2014, only 16% of the world`s financial resources were devoted to adaptation to climate change.  The Paris Agreement called for a balance between climate finance between adaptation and mitigation, highlighting in particular the need to strengthen support for adaptation from the parties most affected by climate change, including least developed countries and small island developing states. The agreement also reminds the parties of the importance of public subsidies, as adjustment measures receive less public sector investment.  John Kerry, as Secretary of State, announced that the United States would double its grant-based adjustment funding by 2020.  The EU and its member states are individually responsible for ratifying the Paris Agreement. There was a strong preference for the EU and its 28 Member States to simultaneously table their ratification instruments to ensure that neither the EU nor its Member States commit to commitments that belong exclusively to the other and there was concern that there was a disagreement on each Member State`s share of the EU-wide reduction target.
just as Britain`s vote to leave the EU could delay the Paris pact.  However, on 4 October 2016, the European Parliament approved the ratification of the Paris Agreement and the EU tabled its ratification instruments on 5 October 2016 with several EU Member States.  From 30 November to 11 December 2015, France hosted representatives from 196 countries at the UN Climate Change Conference (UN), one of the largest and most ambitious global meetings ever held. The goal was nothing less than a binding and universal agreement to limit greenhouse gas emissions to levels that would prevent global temperatures from rising more than 2oC above the lower temperature levels set before the start of the industrial revolution. In response to the climate challenge, the agreement recognizes that states have common but differentiated responsibilities, i.e. according to their national capabilities and specificities. The Paris Agreement was launched at the signing on April 22, 2016 (Earth Day) at a ceremony in New York.  After the agreement was ratified by several EU member states in October 2016, there were enough countries that had ratified the agreement to produce enough greenhouse gases in the world for the agreement to enter into force.  The agreement came into force on November 4, 2016.  A new global agreement on climate change was reached on 12 December.