COP28 MARKS
"THE BEGINING OF THE END OF THE FOSSIL FUEL ERA"
2023 has been the hottest year on record alongside multiple climate change fuelled disasters. This stark reality underscores the backdrop the ‘Implementation COP’.
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COP28 GOALS
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The COP28 Presidency set out a plan of action with a focus on calling on governments and key climate stakeholders to take action in four areas.
01
Fast Track Energy
02
Fix Climate Finance
03
People, Nature, Lives & Livelihoods
04
Full Inclusivity of delegation
COP28 OUTCOMES
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COP28 and the Global Stocktake produced a set of focus areas which we summarised for your consideration.
01
Loss and Damage Fund
The fund aims to provide financial assistance to nations most vulnerable and impacted by the effects of climate change.
Consider how you can encourage your members to contribute to the fund and/or work closely with whole supply chain?
03
Mitigation & Adaptation
Mitigation is any action that limits climate change. Adaptation is adjusting to the impacts of climate change.
If you or your members have offices in the global south, are you working with them on their sustainability goals.
02
Human Rights & Gender Equality
Climate policies that are gender responsive that by addressing issues of gender and climate change.
What are your inclusion and diversity policies, have you started to incorporate these social considerations with your industry?
04
Fossil Fuel Phase Out & Energy Transition
Is the reduction of use and production of fossil fuels, it is part of the renewable energy transition.
How are you contributing to your own/your industry's scaling up of use of or provision of clean energy solution from a demand, supply and llobbying perspective.
“The global stocktake will end up being just another report unless governments and those that they represent can look at it and ultimately understand what it means for them and what they can and must do next. It’s the same for businesses, communities and other key stakeholders” Simon Stiell, UN Climate Change Executive Secretary
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GLOBAL STOCKTAKE
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The global stocktake is like taking inventory of progress towards the Paris Agreement, taking stock of actions to date and what needs to be done going ahead.
It is a transparent, Party-driven process that looks at everything related to where the world stands on climate action and support, identifying the gaps, and working together to agree on solutions pathways. It also serves as an opportunity to course correct and ramp up ambition.
The stocktake takes place every five years, with the first-ever stocktake scheduled to conclude at the UN Climate Change Conference (COP28).
The stocktake itself isn’t the gamechanger – it’s the global response to it that will make all the difference.
The Global Stocktake (GST) consists of three components:
01
Information Collection & Preparation
02
Technical Assessment
03
Consideration of Outputs
For nearly three decades the UN has been bringing together almost every country on earth for global climate summits – called COPs – which stands for ‘Conference of the Parties’. World leaders, alongside tens of thousands of negotiators, government representatives, businesses and citizens come together for twelve days of talks.
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What is the Paris Agreement
COP21 took place in Paris in 2015 which lead to the forming of what is called The Paris Agreement. The Paris Agreement is a global commitment by countries to limit global warming to 1.5 degrees.
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Why is 1.5 degrees Important?
1.5 degrees is important because every fraction of a degree of warming will result in the extreme climate disasters leadnig to severe loss and damage. Under the Paris Agreement, countries committed to bring forward national plans setting out how much they would reduce their emissions – known as Nationally Determined Contributions, or ‘NDCs’.
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The Global Stocktake
They agreed that every five years they would come back with an updated plan that would reflect their highest possible ambition at that time. The commitments laid out in Paris did not come close to limiting global warming to 1.5 degrees, and the window for achieving this is closing. We are exactly half way between 2015 and the agreement made in Paris and 2030 showing
The decade out to 2030 will be crucial.
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COP27
COMMENTARY
Headlines, views & insights direct from COP27 curated by CAFA specifically for membership organisations.
COP26
COMMENTARY
Headlines, views & insights direct from COP26 curated by CAFA specifically for membership organisations.
