The EU is committed to increasing its financial contribution to aid to developing countries in the implementation of the Paris Agreement. The EU and its Member States remain the largest provider of public climate finance, with a total contribution of EUR 20.4 billion in 2017. In particular, Pope Francis wrote in his encyclical: „We must continue to be aware that the responsibilities for climate change are different.“ But on the question of whether rich countries should do more than poor countries to combat global warming, there is no statistically significant difference between the views of Catholics and Protestants in the United States, Canada and Australia. A new global agreement on climate change was reached on 12 December. The agreement is a balanced outcome with an action plan to limit global warming to a level „significantly below“ 2 degrees Celsius and to limit its efforts to 1.5 degrees Celsius. Since the Kyoto Protocol came into force, the Clean Development Mechanism has been criticized because, in most cases, it has not brought significant emission reductions or benefits for sustainable development.  It has also suffered from low prices from Certified Emission Reductions (REFs), which has reduced project demand. These criticisms have motivated the recommendations of various interest groups who, through working groups and reports, have provided new elements that they hope to see in the MDS that will support their success.  Details of the governance structure, the terms of the project proposal and the comprehensive approach should be detailed at the conference of the parties to be held in Marrakech in 2016. [must update] The long-term objective of the Paris Agreement is to keep the increase in global average temperature well below 2 degrees Celsius (3.6 degrees Fahrenheit) above pre-industrial levels; and to continue efforts to limit the increase to 1.5 degrees Celsius, while acknowledging that this would significantly reduce the risks and effects of climate change. This should require a rapid reduction in emissions to achieve „a balance between anthropogenic emissions from sources and the reduction of greenhouse gases from wells“ in the second half of the 21st century. It also means increasing the parties` ability to adapt to the negative effects of climate change and „reconciling financial flows with a way to reduce greenhouse gas emissions and climate-resistant development.“ The Foreign Affairs Council adopted conclusions on European climate diplomacy after COP21. The Council highlighted the role of European climate diplomacy in promoting the implementation of the Paris Global Agreement on Climate Change concluded in December 2015.
(a) to keep the global average temperature increase well below 2 degrees Celsius above pre-industrial levels and to continue efforts to limit the increase in temperature to 1.5 degrees Celsius above pre-industrial levels, the potential to significantly reduce the risks and effects of climate change; By analysis by the Intergovernmental Panel on Climate Change (IPCC), a carbon „budget“ based on total emissions of carbon dioxide into the atmosphere (relative to the annual emission rate) has been estimated to limit global warming to 1.5 degrees Celsius and 2.25 trillion tonnes from the 1870 period. This represents a significant increase from the initial estimates of the Paris climate agreement (out of a total of 2000 billion tonnes) to reach the global warming target of 1.5oC, a target that would be reached in 2020 for 2017 emission rates. [Clarification needed] In addition, annual CO2 emissions are estimated at 40 billion tonnes per year in 2017. The revised IPCC budget was based on the CMIP5 climate model. Estimate models using different reference years also provide other slightly adjusted estimates of a carbon „budget.“  The Environment Council has adopted conclusions that define the EU`s position for the UN climate change conference