The Paris agreement is not legally binding, but the Kyoto Protocol is legally binding….. change of plz…. Countries are open to participation in global market-based emission reduction mechanisms. The agreement would allow for a global emissions trading system that would allow countries to obtain credits for emission reductions by making payments in the same way in countries where a reduction is less costly. In this context, the difference between the Kyoto Protocol and the Paris Agreement lies in the fact that past or current trade excritists in limited regions and countries and the Paris Agreement could have a chance to make it a global market. The world is divided into two groups or poor and poor/ and developing countries are divided on climate change negotiations. An important principle in this context, called joint but differentiated responsibility (CBDR), was enshrined in Principle 7 of the Rio Declaration. This principle implies that the interest of all countries in a sustainable environment is widespread, but for historical reasons, developed countries have caused more damage to the climate and the responsibility for climate change is thus “differentiated”. This means that all countries should take sustainable development measures, but developed countries must play a leading role in protecting the environment, as they have contributed the most to environmental problems. They should also support developing countries in their sustainable development efforts with financial resources and technology. India has always believed that eradicating poverty should be the overall goal of sustainable development. India, along with other developing countries, has played a key role in establishing cbdr as a principle.

In the Paris Agreement, the definition of CBDR has been broadened to include the phrase “in light of the diversity of national situations.” It seems to have watered down the notion of “historical responsibility” of developed countries. It remains to be seen how this will break the wall between developed and developing countries. The financial aid promised under the 2015 Paris Agreement is the responsibility of the UNFCCC, which is already binding. like saying u is not legal… The art of French diplomacy led to the conclusion of the agreement. It has ensured that the voice of each country, large or small, is heard.