• UGI USER
  • Nov 29, 2023
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COP-28 Ignites Climate Action in Dubai

Why in the News?

  • The upcoming COP-28, scheduled from November 30 to December 12, 2023, is critical for addressing the pressing issue of climate change.
  • Despite global commitments to limit temperature rise, emissions have increased, posing a severe threat to the 1.5°C target.
Source:Mint

Challenges and Principles

  • The COP meetings have seen longstanding principles agreed upon, such as addressing historical carbon emissions disparities and compensating developing nations.
  • However, the challenge lies in translating these principles into concrete actions.
  • With global temperatures breaching critical thresholds and emission reduction efforts falling short, COP-28 must urgently chart a clear path for technology transfer and climate funding.
  • Overcoming mutual suspicion, de-globalization sentiments, and political reprisals are paramount challenges that COP-28 must navigate to ensure substantive global climate action.

Key Issues

  • COP-28’s spotlight is on concluding the Global Stocktake and operationalizing the Loss and Damage Fund.
  • However, uncertainties loom over the fund’s size and individual country contributions.

Sitharaman’s Urgent Plea

  • Finance Minister, Nirmala Sitharaman, calls for tangible action on climate funding and technology transfer.
  • Voicing concerns at the lack of progress, she emphasizes the need for COP-28 to provide clear directions for both technology transfer and funding, moving beyond mere rhetoric.

The world watches as COP-28 unfolds with the hope that it will be more than just another self-congratulatory gathering, truly driving definitive action.