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Which of the following statements about the Paris Agreement on Climate Change is/are correct?
1. The Agreement recognizes the developing countries' right to development and their efforts to harmonize development with environment, while protecting the interests of the most vulnerable.
2. The objective of the Agreement ensures that it is mitigation-centric.
Select the correct answer using the code given below:
Explanation
Statement 1 is correct. The Paris Agreement (2015) operates under the principle of Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC). Its preamble and articles recognize the specific needs and special circumstances of developing country parties, especially those particularly vulnerable to the adverse effects of climate change, and emphasize that climate action must be taken in the context of sustainable development and efforts to eradicate poverty.
Statement 2 is incorrect. The Paris Agreement is designed to be balanced and comprehensive rather than purely mitigation-centric. It places equal importance on Adaptation (Article 7), Loss and Damage (Article 8), and Means of Implementation, which includes Climate Finance (Article 9), Technology Transfer, and Capacity Building. This holistic approach ensures that support for climate-resilient development is as fundamental as emission reductions.