The Paris Agreement has an „upward“ structure unlike most international environmental treaties, which are „top down“, characterized by internationally defined standards and objectives that states must implement. [32] Unlike its predecessor, the Kyoto Protocol, which sets legal commitment targets, the Paris Agreement, which focuses on consensual training, allows for voluntary and national objectives. [33] Specific climate targets are therefore politically promoted and not legally binding. Only the processes governing reporting and revision of these objectives are imposed by international law. This structure is particularly noteworthy for the United States – in the absence of legal mitigation or funding objectives, the agreement is seen as an „executive agreement, not a treaty.“ Since the 1992 UNFCCC treaty was approved by the Senate, this new agreement does not require further legislation from Congress for it to enter into force. [33] Related Articles: Top 3 Trends That Disrupt Asia`s Energy SectorPorts to Play a Key Role in the Global Energy Transition To end King Coal`s reign, should its most loyal subjects be paid? While mitigation and adjustment require more climate funding, adjustment has generally received less support and has mobilized fewer private sector actions. [46] A 2014 OECD report showed that in 2014, only 16% of the world`s financial resources were devoted to adaptation to climate change. [50] The Paris Agreement called for a balance between climate finance between adaptation and mitigation, highlighting in particular the need to strengthen support for adaptation from the parties most affected by climate change, including least developed countries and small island developing states. The agreement also reminds the parties of the importance of public subsidies, as adjustment measures receive less public sector investment. [46] John Kerry, as Secretary of State, announced that the United States would double its grant-based adjustment funding by 2020. [33] The Paris Agreement [3] is an agreement under the United Nations Framework Convention on Climate Change (UNFCCC) that deals with the reduction, adaptation and financing of greenhouse gas emissions and was signed in 2016.