The UNFCCC is a Convention adopted at the “Rio Earth Summit” in 1992. Its aim is to Prevent “threatening” human interference with the climate system. It aims to “stabilize greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic interference with the climate system.
The UNFCCC squarely places the responsibility of providing climate finance to the developing countries on the developed countries.
It came into force on 21 March 1994. Roughly 195 countries that have ratified the Convention are called Parties to the Convention. The negotiations under the UNFCCC are expected to result in a global agreement by December 2015, applicable to all countries to take action on climate change from 2020
