Nearly 200 countries at the UN COP28 climate change summit will analyze their progress towards preventing global warming. The process, called the “global stocktake,” is expected to be politically divisive and potentially shape subsequent global efforts to cut greenhouse gas emissions.
Under the 2015 Paris Agreement, countries agreed to limit global warming to 2 degrees Celsius and aim for 1.5 C. They are responsible for their own national targets and policies. The Paris Agreement mandates regular five-year progress reviews, starting from 2023. The evaluation will guide countries to develop more ambitious climate policies and allocate funding for clean energy.
It’s already known that countries are off track. Many countries have established CO2 reduction targets since the Paris Agreement, but current promises will not prevent global temperatures from exceeding 1.5 C of warming. The world is already 1.2 C warmer than pre-industrial times, causing deadly heatwaves, wildfires, severe droughts, and floods.
Countries are now debating how the stocktake should influence them to reduce their emissions faster. Some developing countries believe that the focus should be on pressuring wealthy nations to take more action. It’s unclear whether the review will cover raising more funds for cutting CO2 emissions or specify which clean technologies should be prioritized.
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https://www.reuters.com/business/environment/what-is-worlds-first-global-stocktake-climate-change-2023-09-08/
