On October 5, 2016, when the agreement reached enough signatures to cross the threshold, U.S. President Barack Obama said, “Even if we achieve all the goals… we will only get to part of where we need to go. He also said that “this agreement will help delay or avoid some of the worst consequences of climate change.” It will help other nations reduce their emissions over time and set bolder goals as technology progresses, all under a strong transparency system that will allow each nation to assess the progress of all other nations.   Section 28 of the agreement allows the parties to terminate the contract following a disclosure to the custodian. This notification can only take place three years after the agreement for the country comes into force. The payment is made one year after the transfer. Alternatively, the agreement provides that the withdrawal of the UNFCCC, under which the Paris Agreement was adopted, also withdraws the state from the Paris Agreement. The terms of the UNFCCC`s exit are the same as those of the Paris Agreement. There is no provision in the agreement for non-compliance. Implementation of the agreement by all Member States will be evaluated every five years, with the first evaluation in 2023. The result will be used as an input for new national contributions from Member States.  The inventory will not be national contributions/achievements, but a collective analysis of what has been achieved and what remains to be done.
The EU and its member states are individually responsible for ratifying the Paris Agreement. There was a strong preference for the EU and its 28 Member States to simultaneously table their ratification instruments to ensure that neither the EU nor its Member States commit to fulfil commitments that are strictly the other` and there was concern that differences of opinion on each Member State`s share of the EU reduction target and the British vote to leave the EU would delay the Paris Pact.  However, on 4 October 2016, the European Parliament approved the ratification of the Paris Agreement and the EU tabled its ratification instruments on 5 October 2016 with several EU Member States.  Although the United States and Turkey are not parties to the agreement, as countries have not indicated their intention to withdraw from the 1992 UNFCCC, they will continue, as Schedule 1 countries, to prepare national communications and an annual inventory of greenhouse gases.  Any State party to this agreement may propose amendments to the convention. The amendments come into force for each State party to the Convention that accepts its amendments after being adopted by the majority of the States Parties to the Convention and, subsequently, for any Other State Party to the Convention at the time of their adoption by the Agreement. In the end, all parties recognized the need to “prevent, minimize and address losses and damages,” but in particular any mention of compensation or liability is excluded.  The Convention also takes up the Warsaw International Loss and Damage Mechanism, an institution that will attempt to answer questions about how to classify, address and co-responsible losses.  Countries are also working to reach “the global peak in greenhouse gas emissions” as soon as possible. The agreement has been described as an incentive and engine for the sale of fossil fuels.   Although the agreement has been welcomed by many, including French President Francois Hollande and UN Secretary-General Ban Ki-moon, criticism has also emerged.