Paris climate accord

week: 14-20 december 

-195 countries adopted the agreement after talks that stretched from 30 Nov to 12 Dec

-29 articles deal with specific issues like technology transfer, finance,stocktaking and capacity building.

-Rise in global temperature to be limited to well below 2 degree Celsius over pre-industrial levels by the end of 2100.

-Developed countries to provide finance of $100 bn every year to developing countries by 2020.

-Goal of raising climate finance from a floor of $100 bn per year from 2025.

-Global stocktaking every 5 years.

-Agreement to take effect after ratification by 55 countries accounting for atleast 55% of global emissions.

-188 countries submitted their voluntary climate action plans ahead of the summit.

-Nearly 150 heads of states attended the summit opening.