Although the agreement was welcomed by many people, including French President François Hollande and UN Secretary-General Ban Ki-moon, criticism also emerged. For example, James Hansen, a former NASA scientist and climate change expert, expressed anger that most of the deal is made up of “promises” or goals and not firm commitments.  He called the Paris talks a fraud without “no deeds, only promises” and believes that only an interterritorial tax on CO2 emissions, which is not part of the Paris Agreement, would reduce CO2 emissions fast enough to avoid the worst effects of global warming.  There are several ways to integrate flexibility mechanisms into the broader transparency framework. The volume, level of detail or frequency of reporting can be adapted and modulated according to a country`s capacity. The requirement for in-country technical verifications could be abolished for some less developed or small island developing States. Opportunities for capacity assessment include the financial and human resources required to review NDCs in a country.  Although mitigation and adaptation require increased climate finance, adjustment has generally received less support and mobilized less private sector action.  A 2014 OECD report indicated that in 2014, only 16% of global funds were devoted to climate change adaptation.  The Paris Agreement called for a balance between climate finance between adaptation and mitigation, and in particular highlighted the need to increase support for adaptation to parties most vulnerable to the effects of climate change, including least developed countries and small island developing states. The agreement also reminds the parties of the importance of public subsidies, as adaptation measures receive less investment from the public sector.
 John Kerry, as Secretary of State, announced that the United States would double grant-based adjustment funding by 2020.  Ultimately, all parties recognized the need to “prevent, minimize and treat loss and damage,” but in particular any mention of indemnification or liability is excluded.  The Convention also adopts the Warsaw International Mechanism for Loss and Damage, an institution that will attempt to answer questions relating to the classification, management and sharing of responsibilities in the event of loss.  The Paris Agreement is an agreement under the United Nations Framework Convention on Climate Change (UNFCCC), which covers the reduction, adaptation and financing of greenhouse gas emissions and signed in 2016. The language of the agreement was negotiated by representatives of 196 States Parties at the 21st Conference of the Parties to the UNFCCC at Le Bourget, near Paris, France, and adopted by consensus on 12 December 2015.   Until February 2020, the 196 members of the UNFCCC signed the agreement and 189 became parties to the agreement.  Of the seven countries that are not parties to the law, the only major emitters are Iran and Turkey. In addition to the registration and/or licensing frameworks of the Federal State and the Länder, fintechs must comply with a series of federal consumer protection laws that apply to providers of financial products and services for consumers. These laws are managed and enforced by the Consumer Financial Protection Bureau (CFPB).
The CFP is also empowered to generalise the use of unfair, misleading or abusive acts or practices. Similarly, the Federal Trade Commission (FTC) has broad jurisdiction to prohibit unfair and misleading acts or practices in or affecting trade in all sectors, including using this jurisdiction against fintechs with insufficient data protection and security practices. It should be noted that the MoU is the first cooperation agreement in the field of fintech signed by the ACPR with a US regulatory authority and complements existing fintech partnership agreements signed with other non-European countries, including the Monetary Authority of Singapore and the Hong Kong Monetary Authority. . . .