Relaid roadblocks12/29/2023 officials highlight worries about finance and adaptation, many at the Dubai conference are focused on language about what to do about fossil fuels. "If we fail, the consequences will be catastrophic,” he said. But I think it provides a very good basis for moving forward.”Ĭedric Schuster, the chair of the Association of Small Island States, said failing on the Global Stocktake would “make it significantly more difficult to leave this COP saying we can achieve the 1.5 C limit.” He said major emitters and developed countries need to take the lead and ramp up efforts to phase out fossil fuels. Negotiators for 197 countries are going over the document word by word to see what they can live with and what they can't, Amin said. On Tuesday, negotiators produced a new draft of the text, but it had so many possibilities in its 24 pages that it didn’t give much of a hint of what will be agreed upon when the session ends next week. There's still positivity.”ĭiscussions have been focused on the so-called Global Stocktake - a status of where nations are with meeting their climate goals to limit warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) compared with pre-industrial times and how they can get there. This one, he said, is in that time when “there's still a buzz. diplomat, was a bit more optimistic, saying all negotiations have ups and downs. We currently have an old caboose chugging over rickety tracks,” Stiell said.Īdnan Amin, the No. “We need COP to deliver a bullet train to speed up climate action. Climate Secretary Simon Stiell on Wednesday warned against putting “a tick on the box" for that victory and thinking it solves the multitrillion-dollar problem of financial aid that's needed to help cut emissions worldwide. ![]() That contrasts with the first day when the conference - called COP28 - put into effect a climate compensation fund and started seeing its coffers grow to more than $720 million. Key issues of financial help for poor nations to decarbonize and how to adapt to warming need much more work, officials said. Proponents who are calling for a ground-shifting phase-out of fossil fuels such as oil, gas and coal have hope for the first time in years, but also see where the possibility could be torpedoed. He said, "We’ve accomplished real things" in the first week of the climate conference. Special Envoy John Kerry speaks at a news conference at the COP28 summit on Dec.
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