The negotiations on the Paris Settlement at COP 24 proved more difficult in some respects than the negotiations that led to the Paris Agreement, as the parties faced a mix of technical and political challenges and, in some respects, a higher level of commitment to try to draft the general provisions of the agreement through detailed guidelines. Delegates adopted rules and procedures on mitigation, transparency, adaptation, financing, periodic inventories and other Paris regulations. However, they could not agree on the rules of Article 6, which provides for voluntary cooperation between the parties in the implementation of their NDCs, including through market-based approaches. Unlike the Kyoto Protocol, which sets legally binding emission reduction targets (as well as sanctions for non-compliance) only for developed countries, the Paris Agreement requires all countries – rich, poor, developed and developing – to do their part and reduce greenhouse gas emissions. To this end, greater flexibility is built into the Paris Agreement: it does not include language on the commitments that countries should make, countries can voluntarily set their emission targets (NDCs), and no penalties are imposed on countries if they fail to meet the proposed targets. What the Paris Agreement requires, however, is monitoring, reporting, and reassessing countries` individual and collective goals over time in order to bring the world closer to the broader goals of the agreement. And the agreement requires countries to announce their next set of targets every five years – unlike the Kyoto Protocol, which aimed at that target but did not contain a specific requirement to achieve it. Both the EU and its Member States are individually responsible for ratifying the Paris Agreement. It has been widely reported that the EU and its 28 Member States deposit their instruments of ratification at the same time to ensure that neither the EU nor its Member States commit to fulfilling obligations that belong exclusively to each other, and there was concern that there would be disagreement on each Member State`s share of the EU-wide reduction target.
as well as the UK`s vote to leave the EU could delay the Paris Pact.  However, the European Parliament voted on 4. In October 2016, ratification of the Paris Agreement, the EU deposited its instruments of ratification on 5 October 2016 with several EU Member States.  The implementation of the Agreement by all Member States together will be assessed every 5 years, with the first evaluation taking place in 2023. The result will serve as a contribution to new Nationally Determined Contributions by Member States.  The stocktaking will not focus on the contributions/achievements of each country, but on a collective analysis of what has been achieved and what remains to be done. It is rare that there is consensus among almost all nations on a single issue. But with the Paris Agreement, world leaders agreed that climate change is driven by human behavior, that it poses a threat to the environment and all of humanity, and that global action is needed to stop it. A clear framework has also been put in place for all countries to make emission reduction commitments and strengthen these measures over time. Here are some important reasons why the agreement is so important: The Paris Conference was the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), known as COP 21. The conference concluded a round of negotiations launched in 2011 in Durban, South Africa, with the aim of reaching a new legal agreement between national governments to strengthen the global response to climate change. A record 150 Heads of State and Government attended the opening day of the conference.