(3 Minutes Read)
While one segment hailed it as a significant step towards a global transition away from fossil fuels and a more sustainable future, others, particularly clime activists felt that a complete shift away from fossil fuels was not achieved
The United Nations Climate Change Conference (COP28), which concluded yesterday (Wednesday), has evoked mixed feelings. While one segment hailed it as a significant step towards a global transition away from fossil fuels and a more sustainable future, others, particularly clime activists felt that a complete shift away from fossil fuels was not achieved.
The central outcome of COP28 was the adoption of the “global stocktake,” a comprehensive assessment of the world’s progress towards the goals of the Paris Agreement. The stocktake recognizes the need for a 43% reduction in global greenhouse gas emissions by 2030 compared to 2019 levels to limit global warming to 1.5°C. However, it also acknowledges that current efforts are insufficient to achieve this goal. The stocktake lays out a roadmap for countries to strengthen their climate action plans, including tripling the of generation lean energy, and doubling of energy efficiency improvements by 2030.
COP28 also made significant progress on addressing the issue of loss and damage, the irreversible and unavoidable impacts of climate change that are already being felt by vulnerable countries. For the first time, a decision was adopted outlining the operationalization of the loss and damage fund, with initial commitments exceeding US$ 700 million.
Read also:
https://trendsnafrica.com/inaugural-global-african-hydrogen-summit-2024-launched-at-cop28-dubai/
Recognizing the growing urgency of adaptation, COP28 agreed on targets a framework for the Global Goal on Adaptation. This framework identifies the necessary steps for countries to build resilience to the impacts of climate change and assess their progress.
