COP 28 (Outcomes)

COP28 Dubai has concluded, and there are several key highlights from the UN climate summit that are worth noting. Despite facing challenges, such as a contentious Global Stocktake text and criticism towards COP28 President al-Jaber, significant outcomes were achieved. One of the notable achievements was the approval of a climate disaster "loss and damage fund." This fund aims to address the financial consequences of climate-related disasters. Additionally, there was a disputed agreement on transitioning away from fossil fuels. The conference faced difficulties in determining the speed at which fossil fuel production should be ceased. Eventually, the final Global Stocktake agreement called on countries to wean themselves off fossil fuels, although it was not as ambitious as initially proposed. Another important aspect of the summit was the pressure on countries to adopt a new climate agreement. This was met with controversy due to the appointment of Sultan al-Jaber as president, given his background as an oil tycoon and alleged skepticism towards climate science. Furthermore, the first review of countries' progress in reducing emissions revealed that many were falling behind in their commitments to combat global warming. In summary, the UN climate summit in Dubai yielded significant outcomes, including the approval of a climate disaster fund and a disputed agreement on fossil fuels. Despite the challenges faced, progress was made towards addressing climate change and transitioning away from fossil fuels.

What’s next at COP29?

After several rounds of negotiations at COP28, Azerbaijan was announced as the host of COP29, scheduled for November 2024.