Landmark pledges and declarations at COP28 - GulfToday

Landmark pledges and declarations at COP28

COP28 President Sultan Ahmed Al Jaber addresses the plenary, after a draft of a negotiation deal was released, at the COP28 in Dubai.  Reuters

COP28 President Sultan Ahmed Al Jaber addresses the plenary, after a draft of a negotiation deal was released, at the United Nations Climate Change Conference COP28 in Dubai, United Arab Emirates. Reuters

The “UAE Consensus” has affirmed the success of the COP28 Presidency in uniting efforts of 198 countries towards a shared vision for the future of climate action.

The historic “UAE Consensus” has set new global benchmarks for climate action. The participating nations reached a fair and just agreement aligned with scientific findings, contributing to reducing risks faced by countries most vulnerable to the impacts of climate change. This achievement strikes a balance between development requirements and climate action.

• The Global Renewables and Energy Efficiency Pledge has been endorsed by 130 countries.
• The COP28 UAE Declaration on Agriculture, Food, & Climate has received endorsements from over 150 countries.
• The COP28 UAE Declaration on Climate and Health has been endorsed by 141 countries.
• The COP28 UAE Declaration on Climate Finance has been endorsed by 13 countries.
• The Global Cooling Pledge has been endorsed by 66 countries.
• The COP28 UAE Declaration on Climate Relief, Recovery & Peace has been endorsed by 78 countries and 40 organisations.
• The COP28 UAE Declaration on Hydrogen and Derivatives has been endorsed by 37 countries.
• The COP28 UAE Declaration on Gender-Responsive Just Transitions has been endorsed by 78 countries.
• The Coalition for High Ambition Multilevel Partnerships (CHAMP) Pledge has been endorsed by 67 countries.
• The Oil and Gas Decarbonisation Charter has been endorsed by 52 companies, representing 40 per cent of global oil production.
• The Industrial Transition Accelerator has been endorsed by 35 companies and six industry associations, including the World Steel Association, International Aluminium Institute, Global Renewable Alliance, Global Cement and Concrete Association, Oil and Gas Climate Initiative, and International Air Transport Association.
• The COP28 Joint Statement on Climate, Nature and People was endorsed by 18 countries who lead 11 biodiversity and climate partnerships across forests, mangroves and the ocean

Financial pledges and contributions:

• Climate Finance: $30 billion from the UAE, $200 million in Special Drawing Rights, and $31.6 billion from Multilateral Development Banks (MDBs)

• Renewable Energy: $5 billion

• Green Climate Fund: $3.5 billion (increasing second replenishment to $12.8 billion)

• Food: $3.1 billion

• Health: $2.9 billion

• Nature: $2.6 billion

• Relief, Recovery and Peace: $1.2 billion

• Methane: $1.2 billion

• Loss and Damage Fund: $792 million

• Technology: $568 million

• Local Climate Action: $467 million

• Water: $150 million

• Adaptation Fund: $134 million

• Least Developed Countries Fund: $129.3 million

• Cooling: $57 million

• Special Climate Change Fund (SCCF): $31 million

• Clean Cooking: $30 million

• Gender: $2.8 million

For the first time in COP history, the Ministry of Education hosts the “Greening Education Hub” themed “Legacy from the Land of Zayed”, with broad participation from various educational institutions.

The graduation ceremony for the first batch of the “UAE Youth Climate Delegates Programme”

Breaking new ground, the Green Zone is positioned next to the Blue Zone, facilitating interaction between decision-makers, officials, individuals, students, societal institutions, and businesses to align conference outcomes with people’s aspirations and needs.

COP28 witnessed the response of the first assessment of the Paris Agreement’s Global Stocktake.

The COP28 presidency conducts unprecedented open consultations to prepare the conference agenda and the specialised topics programme.

For the first time, global trade is a primary topic at the COP28 agenda, acknowledging its impact on climate issues.

COP28 hosts the “Faith Pavilion” and the inaugural “Indigenous Peoples Pavilion”.

The first-ever COP28 Business & Philanthropy Climate Forum at COP28. The first-ever UAE Climate and Health Declaration.

The first-ever “Health Day”

The first-ever UAE Declaration on Agriculture, Food Systems and Climate Action.

The first ever Youth Stocktake, a comprehensive analysis of youth involvement in climate diplomacy that presents a strategic blueprint to enhance youth participation in the COP process.

The Food, Agriculture and Water hosts the first-of-its-kind High-Level Ministerial Dialogue on Building Water-Resilient Food Systems.

In a groundbreaking move, the COP28 Presidency announced that 134 world leaders signed up for its landmark agriculture, food and climate action declaration. Also, the mobilisation of more than $2.5 billion in funding to support food security while combating climate change and a new partnership between the UAE and the Bill and Melinda Gates Foundation for food systems innovation in the fact of climate change.

COP28 represents hope and confidence in international efforts to empower global climate action. It aims to mitigate the impact of climate change and preserve the rights of future generations worldwide, ensuring a secure and sustainable future through a fair and just agreement that protects humanity as a whole.

WAM

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