United Nations Framework Convention on Climate Change (UNFCCC)

The UNFCCC is an inter-governmental treaty entered the primary objective of which is to stabilize greenhouse gas concentrations at a level that would prevent dangerous anthropogenic interference with the climate system. It entered into force on 21 March 1994. It has been ratified by 197 countries, which are known as called Parties to the Convention.
Non-binding: The framework is non-binding in nature and sets no binding limits on greenhouse gas emissions for individual countries.Instead, the framework outlines how specific international treaties (known as protocols or agreements) may be negotiated to set binding limits on greenhouse gases.
Conference of Parties (CoP): The Conference of Parties is the highest-decision making body of the Convention, and usually meets annually to take stock of progress in implementing their obligations under the treaty, and to consider further actions to address the climate change threat.
Financing and the Global Environment Facility: The UNFCCC includes provision under Article 10 for a financial mechanism to support developing countries and countries with economies in transition to a market economy in implementing the Convention. Global Environment Facility should act as the financial mechanism, given its expertise in this area.