Funding is a major issue that remains unresolved before The Cop26. Developing countries, which have suffered from a problem they have caused little, have been included in the Paris agreement. Fabius said the commitment of financial aid The French government must assure the poorest countries that $100 billion a year in financial aid to poor countries will be needed to reduce their emissions and cope with the effects of the climate crisis. “Money, money, money,” Fabius said, was at the centre of the discussions. “If you don`t have that $100 billion [the talks are going to fail].” Remy Rioux, one of the French government teams that led the talks, said, now director general of the French Development Agency, that “the Paris Agreement has proven to be inclusive and on a large scale, with countries accounting for 97% of global emissions, and those of non-state actors such as companies, municipal and financial financial institutions – and very resilient, precisely because it is inclusive. The Paris agreement is a strong signal of hope in the face of the climate emergency. Niklas Hohne of the NewClimate Institute, one of the partner organizations behind Climate Action Tracker, said: “Five years later, it is clear that the Paris Agreement is advancing the fight against climate change. We are now seeing a wave of countries registering [to achieve zero emissions]. Can anyone really afford to miss this wave? But as the recent UN report makes clear, we are not all equal and we do not need to do the same to protect future generations. Yet, nearly five years after a pioneering international climate agreement in Paris, signs of change have emerged, including from some of the world`s biggest polluters. Zero net emissions come from the Paris Agreement, although the objective has not been explicitly mentioned in the text of the treaty.
World leaders in Paris set the 2C limit and the 1.5oC target based on the recommendations of the Intergovernmental Panel on Climate Change, the world`s leading group of climate researchers, which has established for years that 2C is the safety threshold beyond which the ravages of climate collapse are likely to become catastrophic and irreversible. Even at 1.5 degrees Celsius, many deep areas could be submerged by rising sea levels and storms. Iron and steel producers, who have struggled to reduce greenhouse gas emissions, are now trying to use hydrogen as their own fuel to replace carbon in their industrial processes. Knowledge of carbon sequestration in trees and soils, as well as industrial carbon sequestration, is also advancing rapidly. But activists are not the only ones who want to fight climate change. Climate change is the world`s most important topic, according to a September 2019 survey conducted in the United States, Canada, the United Kingdom, Germany, Italy, Brazil, France and Poland. In a separate April 2020 U.S. survey, two out of three Americans are at least “somewhat concerned” about global warming; The majority of Republicans and Democrats support U.S. participation in the Paris climate accord.