Only the processes governing reporting and verification of these objectives are prescribed by international law. This structure is particularly notable for the United States – in the absence of legal targets for reduction or funding, the agreement is considered an “executive agreement and not a treaty”. Since the 1992 UNFCCC treaty has received Senate approval, this new agreement does not require further laws of Congress for it to enter into force.  The Paris Agreement is an agreement under the United Nations Framework Convention on Climate Change (UNFCCC) that addresses the reduction, adaptation and financing of greenhouse gas emissions from 2020 on or after 2020. The agreement aims to address the global threat of climate change by maintaining a global temperature increase well below 2 degrees Celsius this century and continuing efforts to further limit the temperature increase to 1.5 degrees Celsius.  In addition, countries strive to achieve “as soon as possible a `global peak in greenhouse gas emissions`. The deal has been described as an incentive and driver for the sale of fossil fuels.   The Paris Agreement  is an agreement under the United Nations Framework Convention on Climate Change (UNFCCC) on the reduction, adaptation and financing of greenhouse gas emissions signed in 2016. The agreement does not contain provisions on non-compliance. Under the Paris Agreement, each country must define, plan and regularly report on the contribution it makes to controlling global warming.  No mechanism obliges a country to set a specific emissions target by a set date, but each target should go beyond the targets set previously. .