COP28: Recap and Outcomes

COP28 came to a close a day behind schedule on Tuesday (13th December), to mixed reactions from the international community. While some see the conference as a historic landmark in Climate Change negotiations, others are worried that the commitments made are not strong enough to drive the changes needed to reach the Paris Agreement goals. So what exactly was agreed at the conference?

  • Early on in the negotiations a ‘loss and damage’ fund was established. This will allow resources to be allocated to those areas already experiencing the damaging effects of Climate Change.
  • The main contention during negotiations was the future of fossil fuels in relation to the ratification of the Global Stocktake (GST). The final document was agreed early on Tuesday, calling on all countries to contribute to the ‘transition away from all fossil fuels’. This is the first time a COP document has made specific reference to all fossil fuels, but some say it falls short of the ‘phase-out’ necessary to meet 1.5°C.
  • The GST also calls on countries to triple renewable energy production by 2030.

It is important to remember that the GST is generally non-binding and does not provide clear short-term targets. Further, there was no agreement reached on funding for developing countries to make the transition to renewables.

For more in-depth analysis of COP28, read here.

Fredrik Ohlander at UnSplash