COP28

👋 The #COP28 or twenty-eighth “Conference of Parties” is underway in Dubai (United Arab Emirates). There's a lot going on and it's a little hard to keep track, but here's our summary:

✅ During the first day (record time 🏁) the Loss and Damage Fund is created to offer financial support to the most vulnerable states. The EU 🇪🇺 promises >250M $ among its 27 members, the United Kingdom 🇬🇧 offers £40M, Japan 🇯🇵 10M $, the US 🇺🇸 17.5M $, etc.

✅ The EU 🇪🇺, USA 🇺🇸, United Kingdom 🇬🇧, Brazil 🇧🇷, Mexico 🇲🇽, Argentina 🇦🇷, Chile 🇨🇱, Colombia 🇨🇴, Japan 🇯🇵, etc. They propose to triple the development of renewable energies and double their energy efficiency by 2030.

✅ Nuclear energy ⚛️ has a leading moment when more than 20 countries propose to triple their nuclear capacity by 2050.

✅ The German Chancellor announces the creation of the Climate Club, which will focus on the decarbonization of industries that are difficult to abate 👩‍🏭 🛠️.

✅ Turkey 🇹🇷 promises the goal of 0 emissions by 2053 and doubles its goals to reduce emissions in 2030. In addition, it will try to impose a recycling quota of 60 % in 2035.

✅ The president of 🇰🇪, William Ruto, gives an emotional speech putting the Horn of Africa in the spotlight 🌍 and the Nairobi Declaration: triple renewable energy capacity, stop and reverse deforestation 🌳, promote sustainable agriculture and solutions based on the environment 🌽, the progressive disappearance of fossil fuels ⛽ and a global financial architecture that includes a tax on emissions.

✅ The “Global Methane Pledge” is signed, a voluntary agreement in which more than 150 countries propose to reduce their methane emissions by 30% 💀 by 2030.

✅ Much of the attention is on carbon markets and emissions taxes 💸 (India goes one step further with its “green credits” proposal), a concept that many leaders see as a fundamental step.

#UN #UNFCCC #CrisisClimate #FuelsFossils