COP29

COP28 Final Negotiations Recap: A Global Agreement to Transition Away from Fossil Fuels

Posted in COP28

What You Need to Know.

After two days of intense negotiations, world leaders adopted a draft decision that sets out international climate priorities in response to the findings of the first Global Stocktake under the Paris Agreement. The decision covers several thematic areas, including mitigation of greenhouse gas emissions, adaptation and resilience in the face of climate change, financing and means of implementation and support for climate projects, and loss and damage funding for climate-vulnerable nations. The text of the draft decision can be found on the UNFCCC’s website here.

Posted in COP28

What You Need to Know.

Azerbaijan is poised to host COP29 next year after receiving regional backing. If formally confirmed, Azerbaijan’s COP Presidency would resolve months of deadlock. It will also trigger criticism that next year’s COP will again be hosted by a nation heavily dependent on fossil fuel exports.

Posted in COP28

What You Need to Know.

The UNFCCC has released a draft text of the negotiated outcome of the first Global Stocktake under the Paris Agreement. The draft text currently includes four options to address the question of “phasing out” versus “phasing down” the use of fossil fuels, with the strongest option’s wording being “[a] phase out of fossil fuels in line with best available science.” Options with weaker wording would call on the Parties to the Paris Agreement to take action towards “phasing out unabated fossil fuels and to rapidly reducing their use so as to achieve net-zero CO₂ in energy systems by or around mid-century.”