G20 should lead way on energy transition plans at COP28, event president says - Reuters
G20 should lead way on energy transition plans at COP28, event president says | Reuters
G20 should lead way on energy transition plans at COP28, event president says
DUBAI, July 27 (Reuters) - G20 powers must send stronger signals of their will to transform world energy systems and should lead the way on plans for mitigating global warming at the COP28 summit, the event's incoming president and the U.N. climate chief said on Thursday.
Representatives of the world's leading 20 economies meeting in Chennai, India failed on Saturday to reach a consensus on phasing down fossil fuels, following objections by some producer nations.
"We must leave Chennai on the right path and with a clear signal that the political will to tackle the climate crisis is there," Simon Stiell, executive secretary of the United Nations Framework Convention on Climate Change, said in a joint statement with incoming COP28 President Sultan al-Jaber.
At COP28 - due to take place in Dubai in December - the G20 should lay "the path to a strong and credible outcome that provides developing countries with the basis to undertake a just transition," they said.
They said they aim to define a global goal on adaptation, a key part of the 2015 Paris climate agreement, and set in operation the loss and damage fund - agreed at last year's COP27 in Egypt - at COP28.
Mitigation is action taken to limit climate change by cutting or eliminating greenhouse gas emissions, or removing them from the atmosphere, while adaptation is adjusting to reduce the harm done by climate change.
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Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
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