On 12^th December 2015 more than 190 countries adopted a new agreement on climate change that could force lasting changes on economic activities across the world. The agreement will come into force in 2020 and will replace the Kyoto protocol. This agreement will be called Paris Agreement. It is much more comprehensive than the Kyoto Protocol. Kyoto Protocol was limited to assigning greenhouse gas emission reduction targets for developed countries to take actions on emissions reduction & also informed the world for cross checking.  Developed   countries are supposed to do more to take absolute emission reduction & they are also required to financially help the developing world to take actions on climate change.