Ahead of COP28, the first Global Stocktake (GST) took place, (find out about Ipieca’s input to the technical element of the GST). The GST is an inventory like process, assessing the progress made on delivering the Paris Agreement, collecting information from countries and other stakeholders around the world on their emissions reductions and climate action.
While the results of the GST are yet to be announced, the COP28 Presidency has communicated that they are likely to show that the world is off track to achieve the aims of the Paris Agreement.
COP28 Presidency’s vision
The outcome of the GST and the world’s response to it can be a turning point for climate action over this decade.
The COP28 Presidency aims to accelerate a transition that puts worldwide economies on the path toward a low-carbon, high-growth, sustainable economic model in a way that is both transformational and just. Its vision to deliver on the pillars of the Paris Agreement focuses on four areas:
- Fast-tracking the energy transition and slashing emissions before 2030
- Transforming climate finance, by delivering on old promises and setting the framework for a new deal on finance
- Putting nature, people, lives and livelihoods at the heart of climate action
- Mobilising for the most inclusive COP ever