Here are some important reasons why the deal is so important: These gaps may overshadow the future of climate change measures, but they took second place on Saturday night. When the news spread around the world, the reaction from civil society groups, governments and businesses was terribly positive. Following COP 21 (the 21st session of the Conference of the Parties to the Conference), which chairs the Conference, on 12 December 2015, the final text of the Paris Agreement was adopted by consensus by the 195 Member States of the UNFCCC and the European Union[4] in order to reduce emissions as part of the greenhouse gas reduction approach. In the 12-page agreement,[54] members promised to reduce their carbon emissions “as quickly as possible” and to do their best to keep global warming “well below 2°C” [3.6°F]. [63] The Katowice package adopted at the UN Climate Change Conference (COP24) in December 2018 contains common and detailed rules, procedures and guidance that regulate the Paris Agreement. UNDP is well positioned to support partner countries in the “implementation era” of COP21, with a portfolio of more than 140 countries for a total of more than $2.3 billion in grants. While the Paris Agreement ultimately aims to limit the increase in global temperature to 1.5 degrees Celsius this century, many studies that assess the voluntary commitments made by some countries in Paris show that the cumulative effect of these emission reductions will not be large enough to keep temperatures below this ceiling. . . .