COP28: What did it accomplish and what’s next?

-As COP28 concludes this year, we examine the key outcomes from a challenging summit.

-Notably, the first ever Global Stock Take called for a “transition away” from fossil fuels.

-These five takeaways highlight what’s needed to meet the Paris Agreement climate goals.

 
COP28 concluded in Dubai, UAE, this week after two weeks of negotiations and multistakeholder commitments to advance climate action, in what has been one of the most complex COPs since Paris. The largest attended climate COP in history brought together 97,000 delegates, including over 150 heads of state, along with negotiators, business leaders and non-state actors, reflecting the increasing momentum and attention of public, private and civil society leaders on this critical issue.

The key outcome of COP28 was the conclusion of the first ever Global Stock Take (GST). The GST was a mid-term review of progress that UN member states were making towards the 2015 Paris Agreement (which committed countries to limiting temperature increases to below 2°C and targeting 1.5 °C compared to the pre-industrial era).

The final GST landed on a positive outcome with a final text calling nations to “transition away” from fossil fuels. All in all, the UAE Consensus can be seen as a win for multilateralism and climate diplomacy.

 
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