A crucial part of COP28 will be Global Stocktake, where countries will assess the progress of their climate actions. Read more at straitstimes.com.
The 28th Conference of the Parties under the UN Framework Convention on Climate Change will be held from Nov 30 to Dec 12.
An earlier report published by the UN found that the rate of emissions reductions is not fast enough, and the review is supposed to get countries to speed things up and come up with more ambitious climate commitments by 2025. Dr Al Jaber’s job is to unite the participating countries and get them to reach a consensus on key climate issues.
Begin discussions on a new finance goal by COP29 that will supersede the existing US$100 billion target. An analysis by the UN in 2021 found that around US$5.8 trillion in financing will be needed by 2030, which is equivalent to US$600 billion a year. Another report in 2022 suggests up to US$1 trillion a year is needed by 2030.
Invest in practical solutions to improve lives and livelihoods, especially those on the front lines of conservation and adaptation efforts, including women and indigenous people.Ensuring participation from youth, women and indigenous people is a key objective of COP28.