Explanation:

Paris Climate Agreement

It is a historic international accord signed in 2015, that brings almost 200 countries together in setting a common target to reduce global greenhouse emissions in an effort to fight climate change.

The Paris Agreement comes under the broad umbrella of the United Nations Framework Convention on Climate Change (UNFCCC).

• UNFCCC is a convention held in 1992 to combat climate change.
• Kyoto Protocol (1997) was another major international commitment under UNFCCC.

Provisions

• The pact seeks to keep global temperature rise to below 2 degrees celsius from pre-industrial levels, and to try and limit the temperature increase even further to 1.5 degrees Celsius.
• For this, each country has pledged to implement targeted action plans that will limit their greenhouse gas emissions.
• Under the agreement, rich and developed countries will provide financial and technological support to the developing world in their quest to fight and adapt to climate change.

Hence both statements are correct.