COP28 Delivers Historic Consensus

COP28 DELIVERS HISTORIC CONSENSUS IN DUBAI TO ACCELERATE CLIMATE ACTION - “The world needed to find a new way. By following our North Star, we have found that path,” said COP28 President, Dr. Sultan Al Jaber during his closing speech, “We have worked very hard to secure a better future for our people and our planet. We should be proud of our historic achievement.” - COP28 has concluded with a final consensus that lays out an ambitious response to the Global Stocktake and puts forward a plan to close the gaps to 2030. It calls on Parties to transition away from fossil fuels to reach net zero, encourages them to submit economy-wide Nationally Determined Contributions (NDCs), includes a new specific target to triple renewables and double energy efficiency by 2030, and builds momentum behind a new architecture for climate finance. - The COP28 Presidency took bold and decisive steps to deliver beyond the negotiated text through its ‘Action Agenda,’ which spans the four pillars of the Paris Agreement: fast tracking a just and orderly energy transition; fixing climate finance to make it more available, affordable, and accessible; focusing on people, nature, lives and livelihoods; and fostering full inclusivity in climate action. - COP28 has mobilized over $85 billion in funding for climate action, secured a historic agreement on Loss and Damage, advanced the Global Goal on Adaptation (GGA) and overseen breakthrough agreements on the energy transition. - This has been the most inclusive COP to-date, ensuring all voices could participate in the process. This content was created in partnership and with the help of Artificial Intelligence AI.