For other countries such as the EU and Japan, the direction of the effect does not change depending on the scope. For the EU, responsibility in the Cancun and Paris areas is reduced by 5% and 18% respectively. For Japan, the decline was 10% and 23% respectively for the Cancun and Paris sectors. In the case of the EU, this is the result of ambitious emission reduction targets and a high vulnerability to the climate; in the case of Japan, this is mainly due to its coastal exposure and the high vulnerability of the climate. On the other hand, China is increasing its contribution by 24%, as it has relatively low ambitions to reduce emissions, stronger economic growth and less vulnerability. 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. [90] 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. China has provided substantial funds for another fund to help developing countries fight climate change. While mitigation and adjustment require more climate funding, adjustment has generally received less support and has mobilized fewer private sector actions. [46] A 2014 OECD report showed that in 2014, only 16% of the world`s financial resources were devoted to adaptation to climate change. [50] The Paris Agreement called for a balance between climate finance between adaptation and mitigation, highlighting in particular the need to strengthen support for adaptation from the parties most affected by climate change, including least developed countries and small island developing states. The agreement also reminds the parties of the importance of public subsidies, as adjustment measures receive less public sector investment.
[46] John Kerry, as Secretary of State, announced that the United States would double its grant-based adjustment funding by 2020. [33] How each country is on track to meet its obligations under the Paris Agreement can be constantly monitored online (via the Climate Action Tracker[95] and the climate clock). At the 2015 Paris conference, at which the agreement was negotiated, developed countries reaffirmed their commitment to mobilize $100 billion a year to finance climate by 2020 and agreed to continue mobilizing $100 billion a year by 2025. [48] The commitment refers to the existing plan to allocate $100 billion per year to developing countries for climate change adaptation and climate change mitigation. [49] The initial commitment period of the Kyoto Protocol was extended until 2012.