COP28 & its significance in climate action: 5 points

By Editorji News Desk
Published on | Dec 01, 2023

COP28 begins in UAE

Multiple world leaders and climate activists will converge in Dubai for the COP28 – a climate summit being held between Nov. 30 and Dec. 12.

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Those attending the COP28 summit include Indian PM Narendra Modi, UK PM Rishi Sunak, UN chief Antonio Guterres, billionaire Bill Gates and more.

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What is the goal?

COP, or Conference of Parties, is an annual meeting where stakeholders meet and discuss policies to mitigate climate change.

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Agenda for COP28

COP28’s main focus is reportedly on advocating the goal set in the 2015 Paris Agreement– limiting global temperature rise to 1.5C.

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What else?

COP28 will also aim to make policies for cutting greenhouse gas emissions, finance climate protection and make the group ‘most inclusive.’

A landmark agreement

A ‘loss and damage’ deal was confirmed on the first day of COP28 itself. The agreement was considered a key possible outcome of the summit.

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What does it mean?

The ‘loss and damage’ deal creates a fund that helps ‘poor and vulnerable’ nations hit by climate change. UAE and Germany pledged $100 million each.

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