He said the world cannot afford “delays, indecision, or half measures” and insisted that “multilateralism remains humanity’s best hope.” It is time for a surge in finance, including for adaptation, loss and damage and reform of the international financial architecture.” “Many vulnerable countries are drowning in debt and at risk of drowning in rising seas. Other progress was also made in relation to adaptation and finance, including – including the operationalization of the Loss and Damage Fund, even though financial commitments are very limited, according to the Secretary-General.īut the UN chief stressed that much more is needed to deliver climate justice to those on the frontlines of the crisis. The negotiators at COP28 also agreed on commitments to triple renewables capacity and double energy efficiency by 2030 and made progress in relation to adaptation and finance. Guterres said limiting global heating to 1.5☌, one of the keystone targets set in the landmark 2015 the Paris Agreement, “will be impossible without the phase out of all fossil fuels”, and this is being recognized by a growing and diverse coalition of countries. This is the main sticking point that pit activists and climate-vulnerable countries against some larger nations for much of past two weeks. COP28 had been scheduled to close on Tuesday, but intense overnight negotiations on whether the outcome would include a call to “phase down” or “phase out” planet heating fossil fuels like oil, gas and coal forced the conference into overtime.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |