COP28 Delivers Historic Consensus
Dec 13, 2023 ·
8m 34s
COP28 DELIVERS HISTORIC CONSENSUS IN DUBAI TO ACCELERATE CLIMATE ACTION - “The world needed to find a new way. By following our North Star, we have found that path,” said...
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COP28 DELIVERS HISTORIC CONSENSUS IN DUBAI TO ACCELERATE CLIMATE ACTION
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- “The world needed to find a new way. By following our North Star, we have found that path,” said COP28 President, Dr. Sultan Al Jaber during his closing speech, “We have worked very hard to secure a better future for our people and our planet. We should be proud of our historic achievement.”
- COP28 has concluded with a final consensus that lays out an ambitious response to the Global Stocktake and puts forward a plan to close the gaps to 2030. It calls on Parties to transition away from fossil fuels to reach net zero, encourages them to submit economy-wide Nationally Determined Contributions (NDCs), includes a new specific target to triple renewables and double energy efficiency by 2030, and builds momentum behind a new architecture for climate finance.
- The COP28 Presidency took bold and decisive steps to deliver beyond the negotiated text through its ‘Action Agenda,’ which spans the four pillars of the Paris Agreement: fast tracking a just and orderly energy transition; fixing climate finance to make it more available, affordable, and accessible; focusing on people, nature, lives and livelihoods; and fostering full inclusivity in climate action.
- COP28 has mobilized over $85 billion in funding for climate action, secured a historic agreement on Loss and Damage, advanced the Global Goal on Adaptation (GGA) and overseen breakthrough agreements on the energy transition.
- This has been the most inclusive COP to-date, ensuring all voices could participate in the process.
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