The Paris Agreement on Climate Change is a legally binding international treaty that was adopted by 196 countries in 2015, with the goal of limiting the global temperature increase to below 2°C above pre-industrial levels, and pursuing efforts to limit it to 1.5°C. The agreement requires all countries to set and report on their greenhouse gas reduction targets (known as Nationally Determined Contributions) every five years, and calls on developed countries to provide financial and technological support to developing countries in their efforts to mitigate and adapt to climate change. The Paris Agreement also includes provisions for monitoring, reporting, and verifying progress towards meeting the shared objectives of the agreement.
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