It is important because it is a legally binding international agreement on climate change which was approved on December 12, 2015 and entered into force on November 4, 2016. It aims to reduce global warming, well below 2 degrees Celsius and to continue efforts to reduce the temperature by 1.5 degrees Celsius. It is worth noting that this Agreement is a milestone in the multilateral process on climate change, as, for the first time, states are called upon to make significant efforts to both tackle and adapt to climate change, as their common goal. The EU and other developed countries will continue to provide funding for climate issues to assist developing countries to reduce their emissions and, at the same time, protect themselves from the effects of climate change.