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Did Singapore Sign The Paris Agreement

The Durban Platform has reached agreement on a second commitment period of the Kyoto Protocol. It was also agreed to open negotiations for a new legally binding global agreement that will apply to all countries and enter into force in 2020. The Durban conference also agreed on a set of important decisions, including the creation of a Green Climate Fund, to channel climate-related financial resources for developing countries to reduce emissions and adapt to climate change. If Singapore ratifies the Paris Agreement and takes into account our government`s strict compliance with international agreements, the agreement binds Singapore to peak emissions around 2030 (if we meet the INDC target) and would do more to reduce our emissions (over each five-year period). This is a strong and irreversible signal to singaporean businesses and individuals that we need to take climate change efforts more seriously and reduce our carbon footprint and be more energy efficient in the coming decades. Singapore`s first response to the COVID-19 crisis was swift and announced ways to address the health crisis and revive the economy in February 2020, with the announcement of four stimulus packages from June 2020 to support the economy, worth 19% of GDP. If properly administered, stimulus funds could offer a chance for economic recovery, while accelerating low-carbon emissions and future strategy plans. However, there is no indication that Singapore intends to use the funds in this way and, given that the country has a very low climate target, deemed “very insufficient”, it may well do so. Both the EU and its Member States are individually responsible for ratifying the Paris Agreement.

A strong preference was expressed for the EU and its 28 Member States to deposit their instruments of ratification simultaneously to ensure that neither the EU nor its Member States commit to obligations belonging exclusively to each other[21], and some feared that there would be disagreement on each Member State`s share of the EU-wide reduction target. Just like the British vote to leave the EU, the Paris Pact could be delayed. [22] However, the European Parliament approved, on 4 October 2016, the EU ratified the Paris Agreement[23] and the European Union deposited its instruments of ratification on 5 October 2016 with several Eu Member States. [22] The Paris Agreement is an agreement under the United Nations Framework Convention on Climate Change (UNFCCC) that addresses the reduction, adaptation and financing of greenhouse gas emissions from 2020 on or after 2020. . . .

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