COP28 Climate Conference: High time for a course correction and new avenues

At the 28th UN Climate Change Conference (COP28) at the end of November, the first Global Stocktake (GST) process will assess progress made on climate action that was established in the Paris Agreement. Efforts to date have not been sufficient to achieve the global climate targets but there are promising approaches as to how a course correction can be made. These include the expansion of renewable energies on a broad basis, technological progress and innovation. Funding for the global target of adapting to climate change is also falling short of requirements. Here, an increase in international adaptation financing, more effective use of funds and the mobilisation of private capital are necessary building blocks for closing the gap. Finally, the urgently needed boost in international climate financing in emerging and developing countries has a decisive role to play. Transparency and global coordination are the unifying elements of all these issues.

COP28 Climate Conference: High time for a course correction and new avenues(PDF, 203 KB, accessible)