The Paris Agreement (the Paris Agreement)  is an agreement within the framework of the United Nations Framework Convention on Climate Change (UNFCCC) that deals with the reduction, adaptation and financing of greenhouse gas emissions and was signed in 2016. The language of the agreement was negotiated by representatives of 196 States Parties at the 21st UNFCCC Conference of parties held at Le Bourget, near Paris, France, and agreed on 12 December 2015.   Since February 2020, all 196 UNFCCC members have signed the agreement and 189 have left.  Of the seven countries that are not parties to the law, Iran and Turkey are the only major emitters. On June 1, 2017, U.S. President Donald Trump announced that the United States would withdraw from the agreement.  Under Article 28, the effective withdrawal date of the United States is the fastest possible date, given that the agreement entered into force in the United States on November 4, 2016. If it had decided to withdraw from the UNFCCC, it could be informed immediately (the UNFCCC came into force in 1994 for the United States) and come into force a year later. On August 4, 2017, the Trump administration officially announced to the United Nations that the United States intends to withdraw from the Paris Agreement as soon as it has a legal right to do so.
 The formal declaration of resignation could only be submitted after three years of implementation of the agreement for the United States in 2019.   How each country is on track to meet its obligations under the Paris Agreement can be tracked online continuously (via the Climate Action Tracker  and the climate clock). The Paris Agreement is an agreement within the framework of the United Nations Framework Convention on Climate Change (UNFCCC) that deals with the reduction, adaptation and financing of greenhouse gas emissions from 2020. The agreement aims to address the threat of global climate change by keeping global temperatures well below 2 degrees Celsius above pre-industrial levels this century and to continue efforts to further limit the temperature increase to 1.5 degrees Celsius.  The EU and its Member States are among the nearly 190 parties to the Paris Agreement. The EU formally ratified the agreement on 5 October 2016, allowing it to enter into force on 4 November 2016. In order for the agreement to enter into force, at least 55 countries representing at least 55% of global emissions had to file their ratification instruments. Indeed, research shows that the cost of climate activity far outweighs the cost of reducing carbon pollution. A recent study suggests that if the United States does not meet its climate targets in Paris, it could cost the economy up to $6 trillion in the coming decades. A lack of compliance with the NPNs currently foreseen in the agreement could reduce global GDP by more than 25% by the end of the century. Meanwhile, another study estimates that achieving – or even exceeding – the Paris targets by investing in infrastructure in clean energy and energy efficiency could have great benefits globally – about $19 trillion.
Implementation of the agreement by all Member States will be evaluated every five years, with the first evaluation in 2023. The result will be used as an input for new national contributions from Member States.  The inventory will not be national contributions/achievements, but a collective analysis of what has been achieved and what remains to be done. The NRDC is working to make the Global Climate Climate Action Summit a success by inspiring more ambitious commitments to the historic 2015 agreement and enhanced pollution reduction initiatives. The Paris Agreement is an environmental agreement that was adopted by almost all nations in 2015 to combat climate change and its negative effects.