Another key difference between the Paris Agreement and the Kyoto Protocol is its scope. While the Kyoto Protocol distinguishes between Schedule 1 countries and those not annexed to Schedule 1, this branch is scrambled in the Paris Agreement, as all parties must submit emission reduction plans.  While the Paris Agreement continues to emphasize the principle of „common but differentiated responsibility and respective capabilities” – the recognition that different nations have different capacities and duties to combat climate change – it does not offer a specific separation between developed and developing countries.  It therefore appears that negotiators will have to continue to address this issue in future rounds of negotiations, although the debate on differentiation could take on a new dynamic.  In search of a glimmer of money in the upsetting UN climate report? Here we can determine the effects of climate change through the political, economic and social choices we are making today. To achieve a more sustainable path, the world`s leading public and private financial institutions must not only invest more in clean new alternatives, but also stop investing in old environmental technologies. In the wake of the COVID 19 crisis, governments are providing unprecedented investments to create economies and jobs. There is strong evidence that these investments should focus on low-carbon, climate-resilient projects. The harsh truths of climate change – by the figures From forest fires in Australia and the Western United States to this year`s record hurricane season, communities around the world continue to face devastating extreme weather events, many of which are exacerbated by the climate crisis. We still have a lot of work to do. By analysis by the Intergovernmental Panel on Climate Change (IPCC), a carbon „budget” based on total emissions of carbon dioxide into the atmosphere (relative to the annual emission rate) has been estimated to limit global warming to 1.5 degrees Celsius and 2.25 trillion tonnes from the 1870 period. This represents a significant increase from the initial estimates of the Paris climate agreement (out of a total of 2000 billion tonnes) to reach the global warming target of 1.5oC, a target that would be reached in 2020 for 2017 emission rates. [Clarification needed] In addition, annual CO2 emissions are estimated at 40 billion tonnes per year in 2017.
The revised IPCC budget was based on the CMIP5 climate model. Estimate models using different reference years also provide other slightly adjusted estimates of a carbon „budget.”  The EU has been at the forefront of international efforts to combat climate change. It played an important role in mediating the Paris Agreement and continues to play a leading role at the global level. The American people believe in climate change – and they are determined to address it. Because climate change is fuelling rising temperatures and extreme weather events, it is endangering our air, water and food; Widespread diseases and endangers our homes and security.