Climate change summit reaches historic deal in Paris

The historic Paris agreement on climate change was on Saturday adopted without any objection by the 196 parties of the United Nations Framework Convention on Climate Change (UNFCCC) during the 21st session of the Conference of the Parties (COP21) hosted by France.

The Paris agreement runs to 31 pages with 29 articles, including objective, mitigation, adaptation, loss and damage, finance, technology development and transfer, capacity building, and transparency of action and support, Xinhua news agency reported.

On the basis of equity and common but differentiated responsibilities and respective capabilities, the Paris agreement calls for aiming to hold global average temperature rise to below 2 degrees Celsius above pre-industrial levels and strives for limiting the temperature increase to 1.5 degrees Celsius above pre-industrial levels.

Taking into account of the needs and priorities of developing countries, the agreement also eyes $100 billion a year by developed countries for developing countries from 2020.

The 21st session of the Conference of the Parties of the UNFCCC kicked off on November 30, 2015.