Celebrities such as Indian Prime Minister Narendra Modi and Britain’s King Charles are also expected to attend, but US President Joe Biden will not be attending. The big challenge for each country at COP28 is to assess how far they are from the 1.5-degree target. This process, known as the ‘global stocktake’, should produce a comprehensive plan that tells each country what it needs to do to achieve its goals. This global plan must be translated into policies and goals for governments and submitted to the United Nations in 2025. Ahead of the conference, the European Union, the United States, and the United Arab Emirates have mobilized support for a deal to triple global renewable energy deployment by 2030. Officials told Reuters that more than 100 countries support the deal, but countries such as China and India have not yet fully joined. U.S. officials are hopeful that the recent
The U.S.-China climate change agreement could also provide a positive tone for negotiations. Under the agreement, the world’s two largest greenhouse gas emitters agreed to promote renewable energy and “accelerate the replacement of coal, oil, and gas power generation.” Although the agreement did not include a “divestment” of coal, one senior U.S. official said he expected a new “fusion” of language to achieve that goal. The US-China agreement calls for both countries to “accelerate the replacement of coal, oil, and gas power generation”, which it says will lead to “significant” emissions reductions in the energy sector. Another important task of the conference was the launch of the world’s first climate damage fund to support countries that have already suffered irreparable damage from the effects of climate change, such as droughts, floods, and sea level rise. be. Representatives from developed and developing countries reached a preliminary agreement on its design.
All countries will consider the agreement, but some may object. The agreement will not be final until it is approved by each country at COP28. Armenia’s chief negotiator for the fund, Gayane Gavriyan, told Reuters that a “loss and damage” fund deal could be struck ahead of next year’s elections, which could be destroyed if the US and others challenge the agreement politically.
He said it was critical that it be approved now. Another test will be whether rich countries will announce funding for a fund worth hundreds of millions of dollars at COP28. The European Union and the United States have already said they will do their part and are calling on countries such as China and the United Arab Emirates to follow suit. Najib Ahmed, National Advisor to Somalia’s Ministry of Climate, said: “Unfortunately, experience shows that most global agreements and most global climate commitments are not being implemented.” said.