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Which of the following is incorrect about the Paris Conference of Parties (CoP) on Climate Change, 2015?
The Paris CoP has made it mandatory for all Countries to keep global temperature rising below 2°C by 2100 above pre-industrial levels with an ideal target of keeping temperature rise below 1.5°C.
The developed countries have to provide an annual funding of $100 billion annually for mitigating efforts and the amount is to be scaled up with time.
The CoP sets binding targets on all countries for emission reduction.
As pe the CoP, outcomes will come into force only when ratified by atleast 55 countries accounting for 55% of global emissions.
The CoP does not set binding targets. Instead each country has to set its own INDC ( Intended Nationally Determined Contribution) highlighting mitigation efforts. However it is to be monitored to ensure compliance. The students should make a note that the deal has come into force.
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