Specific results of increased attention to adjustment financing in Paris include the announcement by the G7 countries of $420 million for climate risk insurance and the launch of a Climate Risk and Early Warning Systems (CREWS) initiative. [51] In 2016, the Obama administration awarded a $500 million grant to the “Green Climate Fund” as “the first part of a $3 billion commitment made at the Paris climate talks.” [52] [53] [54] To date, the Green Climate Fund has received more than $10 billion in commitments. The commitments come mainly from developed countries such as France, the United States and Japan, but also from developing countries such as Mexico, Indonesia and Vietnam. “This is certainly a blow to the Paris agreement,” said Carlos Fuller of Belize, the negotiator for the Alliance of Small Island States at the UN talks. In addition, countries are working to reach “the global peak in greenhouse gas emissions” as soon as possible. The agreement has been described as an incentive and engine for the sale of fossil fuels. [13] [14] Others say that the withdrawal of the United States is due in part to the Obama administration`s inability to have the Paris agreement ratified by the U.S. Senate. Andrew Norton, Director of the International Institute for Environment and Development, said: “The voices of those who will be most affected by the devastating effects of climate change need to be heard. Governments must strive to plan practical measures for the implementation of the agreement and explain how climate finance can actually reach people in the poorest and most vulnerable countries. The president`s promise to renegotiate the international climate agreement has always been a smokescreen, the oil industry has a red phone at the Interior Department, and will Trump bring food trucks to Old Faithful? Although the long-term persistent temperatures signed up to the agreement, average temperatures in the first half of 2016 were about 1.3 degrees Celsius above the 1880 average when global records began. [26] However, even if the United States decided to withdraw from the agreement, this would have implications for outsourcing and the implementation of a few months. While the agreement has been welcomed by many, including French President Francois Hollande and UN Secretary-General Ban Ki-moon,[67] criticism has also emerged.
James Hansen, a former NASA scientist and climate change expert, expressed anger that most of the agreement is made up of “promises” or goals, not firm commitments. [98] He called the Paris talks a fraud with “nothing, only promises” and believed that only a generalized tax on CO2 emissions, which is not part of the Paris agreement, would force CO2 emissions down fast enough to avoid the worst effects of global warming. “Humanity will remember on November 4, 2016, when countries around the world closed the door to an inevitable climate catastrophe and resolutely committed to a sustainable future,” UN climate chief Patricia Espinosa and Moroccan Foreign Minister Salaheddine Mezouar said in a joint statement: “Humanity will remember on November 4, 2016.