The Republic of Moldova on Tuesday, June 20, 2017 deposited its instrument of ratification of the Paris Agreement on Climate Change.
Consequent upon this development, Moldova has emerged the 149th country to endorse the global treaty.
According to the United Nations Framework Convention on Climate Change (UNFCCC), Moldova’s ratification of the pact will enter into force in a month’s time on Thursday, July 20, 2017.
The Paris Agreement builds upon the Convention (UNFCCC) and – for the first time – brings all nations into a common cause to undertake ambitious efforts to combat climate change and adapt to its effects, with enhanced support to assist developing countries to do so. As such, it charts a new course in the global climate effort.
The Paris Agreement’s central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.
Additionally, the agreement aims to strengthen the ability of countries to deal with the impacts of climate change. To reach these ambitious goals, appropriate financial flows, a new technology framework and an enhanced capacity building framework will be put in place, thus supporting action by developing countries and the most vulnerable countries, in line with their own national objectives. The Agreement also provides for enhanced transparency of action and support through a more robust transparency framework.