“This agreement is an ambitious floor, not a ceiling. “While we didn't fully turn the page on the fossil fuel here in Dubai, this is clearly the beginning of the end”. Stiell said COP28 needed to signal a hard stop to humanity’s core climate problem – “fossil fuels and their planet burning pollution”. Speaking to reporters outside the main hall, Mr. Still, the current trajectory is just under three degrees of global warming equating “mass human suffering”, according to the climate chief, which is why COP28 “needed to move the needle further”. ![]() Stiel said the Global Stocktake – which aims to help nations align their national climate plans with the Paris Agreement – had clearly revealed that progress is not fast enough, but it is “undeniably” gathering pace. UN climate chief Simon Stiell said, “genuine strides forward” were made at COP28, but the initiatives announced in Dubai are “a climate action l ifeline, not a finish line.” “It is essential to come together around real, practical and meaningful climate solutions that match the scale of the climate crisis.” He said the world cannot afford “delays, indecision, or half measures” and insisted that “multilateralism remains humanity’s best hope.” It is time for a surge in finance, including for adaptation, loss and damage and reform of the international financial architecture.” “Many vulnerable countries are drowning in debt and at risk of drowning in rising seas. Other progress was also made in relation to adaptation and finance, including – including the operationalization of the Loss and Damage Fund, even though financial commitments are very limited, according to the Secretary-General.īut the UN chief stressed that much more is needed to deliver climate justice to those on the frontlines of the crisis. The negotiators at COP28 also agreed on commitments to triple renewables capacity and double energy efficiency by 2030 and made progress in relation to adaptation and finance. Guterres said limiting global heating to 1.5☌, one of the keystone targets set in the landmark 2015 the Paris Agreement, “will be impossible without the phase out of all fossil fuels”, and this is being recognized by a growing and diverse coalition of countries. This is the main sticking point that pit activists and climate-vulnerable countries against some larger nations for much of past two weeks. COP28 had been scheduled to close on Tuesday, but intense overnight negotiations on whether the outcome would include a call to “phase down” or “phase out” planet heating fossil fuels like oil, gas and coal forced the conference into overtime.
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