“Australia is largely on fire because of climate change and I don`t understand why the Australian government is looking for ways to weaken the Paris Agreement so that it and others can do less to solve the climate crisis,” Tong said. Australia has been criticised for its determination to consider including in its carbon budget so-called “transfer credits” for its cuts under the previous Kyoto agreement, which would effectively reduce its reductions. The climate conference and the debate on the text, including the ban on transmission credits, are due to end on Friday. On Wednesday night in Australia, it was unclear whether an agreement would be reached. The Kyoto Protocol is an international agreement on climate change developed under the United Nations Framework Convention on Climate Change (UNFCCC). The protocol encourages 192 parties to reduce their greenhouse gas emissions, with many industrialized countries having binding emission reduction targets. The United States formally withdrew from the Paris climate agreement last week, but Biden has promised to return to the Paris Pact and also commit to net-zero emissions by 2050. In December 2015, parties to the United Nations Framework Convention on Climate Change adopted the Paris Agreement: a pioneering agreement to tackle climate change and take action to lead their economies towards a sustainable, low-carbon future. S. Yeo, `Timeline: the Paris agreement`s ratchet mechanism`, Carbon Brief, January 2016. . .

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