(c) reconciling financial flows with a way to reduce greenhouse gas emissions and climate-resilient development. At the 2011 UN Climate Change Conference, the Durban Platform (and the ad hoc working group on the Durban Platform for Enhanced Action) were created to negotiate a legal instrument to mitigate climate change from 2020. The resulting agreement is expected to be adopted in 2015.  The Kyoto Protocol, an environmental treaty adopted at COP3 in Japan in 1997, is the first time that nations have agreed on country-by-country emission reduction targets. The protocol, which only came into force in 2005, set binding emission reduction targets only for industrialized countries, based on the fact that they are responsible for most of the world`s high greenhouse gas emissions. The United States first signed the agreement, but never ratified it; President George W. Bush argued that the agreement would hurt the U.S. economy because developing countries such as China and India would not be included. In the absence of the participation of these three countries, the effectiveness of the treaty was limited, as its objectives covered only a small fraction of total global emissions. National communication reports often cover several hundred pages and cover a country`s actions to reduce greenhouse gas emissions, as well as a description of its weaknesses and effects of climate change.
 National communications are established in accordance with guidelines adopted by the UNFCCC Conference of Parties. Contributions (planned) at the national level (NDC), which form the basis of the Paris Agreement, are shorter and less detailed, but also follow a standard structure and are subject to technical review by experts. The ECOFIN Council has adopted conclusions on funding for the fight against climate change. The Council stressed the importance of public finances in the fight against climate change. Ministers also confirmed that public climate funding will be cut in the coming years. Contributions from Member States will be announced before the Cop22 meeting. 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). It is rare that there is a consensus among almost all nations on a single subject. But with the Paris agreement, world leaders agreed that climate change was driven by human behaviour, that it was a threat to the environment and to humanity as a whole, and that global action was needed to stop it.
In addition, a clear framework has been put in place for all countries to make commitments to reduce emissions and strengthen these measures over time. Here are some main reasons why the agreement is so important: the Economics and Finance Council adopted conclusions on climate finance at its meeting on 10 November 2015.