Both the EU and its Member States are individually responsible for ratifying the Paris Agreement. A strong preference was expressed for the EU and its 28 Member States to deposit their instruments of ratification simultaneously to ensure that neither the EU nor its Member States commit to obligations belonging exclusively to each other[21], and some feared that there would be disagreement on each Member State`s share of the EU-wide reduction target. Just like the British vote to leave the EU, the Paris Pact could be delayed. [22] However, on 4 October 2016, the European Parliament approved the ratification of the Paris Agreement[23] and the EU deposited its instruments of ratification on 5 October 2016 with several EU Member States. [22] Climate Analytics found that, under the legal framework of the Kyoto Protocol, there was no way to allow the transfer of emission reductions to a new agreement after it was drafted in 2020. Taylor said the Paris Agreement „sends a strong signal to the world that countries are serious about climate protection.“ The Paris Agreement is an agreement within the UNFCCC (UNFCCC), which deals with the reduction, adaptation and financing of greenhouse gas emissions from 2020 on. The agreement aims to address the global threat of climate change by maintaining a global temperature increase well below 2 degrees Celsius this century and continuing efforts to further limit the temperature increase to 1.5 degrees Celsius. [1] In 2016, Australia signed the Paris Agreement with more than 170 countries, a global agreement to combat climate change by reducing greenhouse gas emissions. However, the Australian government believes Australia will achieve its 2030 target „through a policy that builds on its proven direct action approach“.

These measures include the Emissions Reduction Fund and its associated protection mechanism, as well as a number of other measures to reduce our greenhouse gas emissions and increase energy productivity. Figure 1 below presents the key relevant strategies and the extent of emission reductions that the Government believes these measures can potentially achieve in relation to Australia`s 2030 target. . .