Paris Climate Agreement Wiki
But there is far too much optimism. Compared to the tumultuous discussions between the United States and China in 2009, the two countries agreed upstream on cooperation in the fight against climate change. And both the United States and China are making real internal emissions policy policies. The COP13 in Bali in 2007 culminated in the Bali Road Map, which set its targets after 2012. Much of the roadmap was the „Bali Action Plan,“ which for the next two years would lay the groundwork for the last presumed major chance of a global climate agreement – COP15 in Copenhagen in 2009. It is widely speculated that COP21 will result in a reasonable agreement because of the bottom-up nature. But every measure adopted needs to be implemented quickly – science says that we may already be involved in a temperature increase of 1.5 degrees Celsius, and some small island states have argued that this is the absolute ceiling that we should aim for. Some progress has been made in other areas, including increased climate finance (although developing countries have been disappointed by the lack of progress in long-term financing), as well as losses and damage. How each country is on track to meet its obligations under the Paris Agreement can be constantly monitored online (via the Climate Action Tracker  and the climate clock).
Negotiators of the agreement stated that the INDCs presented at the time of the Paris conference were insufficient and found that „the estimates of aggregate greenhouse gas emissions in 2025 and 2030 resulting from the planned contributions at the national level are not covered by the least expensive scenarios of 2oC, but lead to a projected level of 55 gigatons in 2030.“ and acknowledges that „much greater efforts to reduce emissions will be needed to keep the global average temperature increase to less than 2 degrees Celsius, reducing emissions to 40 gigatonnes or 1.5 degrees Celsius.“  [Clarification needed] Among the specific results of the increased attention paid to Paris to financing the adjustment are the announcement by the G7 countries of a $420 million envelope for climate risk insurance and the launch of a Climate Risk and Early Warning Systems (CREWS) initiative.  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.“    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.  Countries are also 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.   Several environmental groups such as the Sierra Club and the Natural Resources Defense Council condemned Trump`s decision.   American environmentalist and writer Bill McKibben, founder of the 350.org Climate Change Action Group, called it „a stupid and ruthless decision – our nation`s stupidest act since the start of the Iraq war.“ McKibben wrote that Trump`s decision to step down „is a complete rejection of two civilizing forces on our planet: diplomacy and science.“ He called on U.S. states and cities to „double“ their renewable energy commitments.  The Copenhagen Agreement did not get too stacked.
It was not legally binding and did not include binding commitments to reduce emissions.