UNFCCC’s conference on twentieth Conference of the Parties (COP), December 1-12, concluded in Lima, the capital of Peru. One of the agenda of Lima Conference was to prepare the adoption action protocol, another legal instrument or agreed outcome with legal force under the Convention to be adopted at the 21st COP which is going to be held in Paris in November or December 2015. The parties reaffirmed the determination to strengthen it.
The UNFCCC Paris Conference is going to be the most important as the world community is stressing the need to adopt a legally binding Protocol during Paris Conference. The main agenda of that protocol will be to reduce global annual emission of green house gases and the COP 20 seeks the commitment from the emitting developed and developing countries which have capacity to invest in the sector. Least Development Countries have sought commitments from those countries to support their adaptation programs. According to studies made by experts, Climate Change impact will be more after 2020 and it is likely to require 100 billion dollars annually for rehabilitation.
