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World Leaders Hail Paris Deal On Climate Change

India calls the adoption of the landmark climate change deal as a 'historic day' that promises a 'better future' and creates a 'chapter of hope' in the lives of seven billion people

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World leaders have welcomed the historic climate change agreement reached in Paris as a triumph for planet Earth that will set the stage for achieving an end to poverty and ensure development for all.

"In the face of an unprecedented challenge, you have demonstrated unprecedented leadership," UN Secretary General Ban Ki-moon said taking the COP21 stage just minutes after the adoption of the agreement.

"You have worked collaboratively to achieve something that no one nation could achieve alone. This is a resounding success for multilateralism."

"All countries have agreed to hold global temperature rise to well below 2 degrees Celsius. And recognizing the risk of grave consequences, you have further agreed to pursue efforts to limit temperature increase to 1.5 degrees," Ban said.

In a landmark deal, 195 parties to the UN Framework Convention on Climate Change pledged to curb emissions, strengthen resilience and take common climate action.

India hailed the adoption of the landmark climate change deal as a "historic day" which promises a "better future" and creates a "chapter of hope" in the lives of seven billion people.

Noting that the agreement acknowledges and recognises the development imperatives of India and other developing countries, Environment Minister Prakash Javadekar said the accord also supported their right to development and their efforts to harmonise development with environment, while protecting the interests of the most vulnerable.

"Today is a historic day. What we have adopted is not only an agreement but a new 'chapter of hope' in the lives of 7 billion people. Mahatma Gandhiji used to say that 'we have not inherited earth from our ancestors, but we have it on loan from future generations," Javadekar said

In addition, a review mechanism has been established whereby every five years, beginning in 2018, Parties will regularly review what is needed in line with science.

US President Barack Obama has said the adoption of the climate change deal is a "turning point" for the world and represents the "best chance" for mankind to save the planet.

Obama said the agreement shows what's possible when nations stand together.

"This agreement represents the best chance we've had to save the one planet we've got. I believe this moment can be a turning point for the world," Obama said in an address to the nation from the White House.

The World Bank welcomed the agreement, saying it reflects aspiration and seriousness to preserve the planet for future generations.

"We welcome the historic agreement that has just been reached in Paris. The world has come together to forge a deal that finally reflects the aspiration, and the seriousness, to preserve our planet for future generations," said President of World Bank Jim Young Kim.