The Agreement is a multilateral, legally binding agreement, which is already in force and will take effect from 2020. The Agreement aims to hold the increase in global temperature to well below 2C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5C above pre-industrial levels through the phasing out of fossil fuels. The Paris Agreement requires all Parties to reduce emissions from fossil fuels through "nationally determined contributions" (NDCs) and to scale up these efforts in the years ahead. Malta's NDC forms part of the EU's joint target under the EU Energy and Climate Package, which aims to reduce emissions by 40% from all sectors by 2030. The 2030 climate and energy framework sets three key targets for the year 2030: at least 40% cuts in greenhouse gas emissions from 1990 levels, at least 27% share of energy would come from renewable energy resources and at least 27% improvement in energy efficiency.