COP28 aspires to preserve the vital 1.5°C target to avert severe climate impacts agreed upon in the 2015 Paris Agreement.
The United Nations Climate Change Conference, known as the Conference of the Parties (COP), is an annual gathering of world leaders, politicians, experts, and stakeholders to address the global climate crisis. With the 28th COP just around the corner, set to take place in Dubai, from November 30 to December 12, 2023, it’s time to explore what to expect from this important event.
The significance of COP 28 cannot be overstated, as it brings together the signatories of the United Nations Framework Convention on Climate Change (UNFCCC), an international treaty that addresses climate change. Nearly every nation, country, or state in the world, a total of 197 signatory parties, is involved in these discussions. This diverse representation makes COP a crucial platform for addressing climate change on a global scale.
Who will be attending COP28?
Over 200 governments have been invited to COP28, with several world leaders expected to attend, including US President Biden and UK Prime Minister Sunak, although some leaders are yet to confirm their participation. Pope Francisco is also a potential attendee, demonstrating the broad support and recognition of the climate crisis.
COP28 is not just another conference; it’s a critical juncture in our fight against climate change. The world’s leaders and experts will convene to address the most pressing environmental issue of our time. Additionally, alongside COP28, ‘The Sustainable Innovation Forum’ (SIF), a prominent platform for sustainable solutions, will also be held, showcasing cutting-edge innovations and opportunities to drive sustainable development.
Companies will also be active participants in these types of side events, bringing innovations and technologies to the table to address the climate crisis from the private sector perspective.
With the focus on paradigm shifts, phasing out fossil fuels, and the role of business, this year’s event holds the promise of tangible progress in our collective efforts to combat the climate crisis. As we count down to COP28, the world watches with hope that this conference will be a turning point in our journey towards a more sustainable and secure future.
What Topics Will Take Center Stage at COP28?
The Incoming Presidency of COP28 has outlined four key areas of focus on during the conference:
-Fast-tracking the energy transition and reducing emissions before 2030.
-Transforming climate finance by delivering on old promises and establishing a new financial framework.
-Placing nature, people, lives, and livelihoods at the center of climate action.
-Mobilizing for the most inclusive COP ever.
The First Global Stocktake of the Paris Agreement
One of the most significant outcomes expected from COP28 is the conclusion of the first Global Stocktake of the implementation of the Paris Agreement. These stocktakes, which used to take place every five years, assess the collective progress of the world toward its climate goals.
Dubai’s COP in November this year has a particular significance because it is the first stocktake since Glasgow. At Glasgow, it was agreed that this stock take should take place every two years, rather than the previously agreed five years to allow the world a sense as to whether it is on track to limit global temperatures as set out in the Paris Climate Accords.
This process is crucial for holding nations accountable and ensuring that they are taking m