At COP21, held in Paris in November-December 2015, the parties negotiated what is known as the Paris Agreement, which established specific actions and targets for reducing greenhouse gases emissions, mitigating and adapting to the effects of climate change, and financing mitigation and adaptation efforts in developing countries. The agreement took effect nearly a year later. Signatory countries agreed to work to limit global temperature rise to below 2 degrees Celsius and to make strong efforts to keep the rise to 1.5 degrees Celsius. The Paris Agreement is especially significant because it is a legally binding agreement.
Fiji is presiding over COP23 in Bonn with the support of the Government of Germany.