Posted on 01 December 2023
Dubai, United Arab Emirates (1 December): WWF responds to the first draft text of the Global Stocktake, published today at the COP28 climate summit.
Shirley Matheson, WWF Global NDC Enhancement Coordinator, said: “The Global Stocktake at COP28 must trigger the climate action needed limit global warming to 1.5C. With this zero draft, the UN Secretariat have given countries something to work with, but there is a long way to go before we can be sure of a transformative outcome. Options are on the table, including both weak and ambitious text on fossil fuels. Countries must now be bold and agree to the options that will give us the best chance of securing a liveable planet, such as measures to end the age of fossil fuels.
“The current draft is also missing some key science based policies recommended by the IPCC. Next drafts must include a collective goal for 60% emissions reduction by 2035 to guide the next cycle of national climate plans. Nature is a climate ally and that also needs to be fully recognised in this text, with guidance for the conservation of 30-50% of land, ocean and freshwater.”
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WWF and COP28
WWF’s COP28 expectations paper is available here, and all WWF’s COP information is here: www.panda.org/cop28. Below is a summary of the essential outcomes:
- Strong political signals to phase out fossil fuels no later than 2050, with developed countries achieving this sooner, including targets for renewables, energy efficiency and energy access.
- A successful Global Stocktake, which: paves the way for unprecedented and immediate implementation of current NDC; strengthens international cooperation and other enabling conditions for stronger NDCs;
- Full operationalization of the Loss and Damage Fund, with substantial pledges of new funds.
- A decision on a comprehensive framework for the Global Goal on Adaptation.
- Scaling up provision of public finance by developed countries to beyond $100 billion per year and doubling adaptation finance in line with needs of developing countries.
- Alignment of all private and public financial flows with climate objectives
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