UAE consensus wants parties to accelerate global climate action plan.
By Samuel Ogunsona
The United Arab Emirates (UAE) consensus has called on 198 parties to speed up Climate Action Plan.
The consensus wants stakeholders to speed up COP processes in order to close its implementation gaps in 2030.
At the COP28 which ended three weeks ago in Dubai, countries came together to deliver the ‘UAE Consensus’ which is the most comprehensive set of negotiated outcomes to come out of the UNFCCC process since COP21.
The UAE consensus called on Parties to transit away from fossil fuels and to triple renewables and double energy efficiency globally by 2030.
Irohinoodua was informed that some of its plan includes but not limited to the decision to recognize the need to peak global emissions by 2025, taking into account different national starting points, and encourages countries to submit economy-wide Nationally Determined Contributions (NDCs).
It also includes recognition of the crucial need to significantly scale up adaptation finance beyond doubling to meet urgent and evolving needs, and a clear call for countries to deliver National Adaptation Plans by 2025 and implement them by 2030.
The consensus also recognize the crucial role finance has to play in delivering ambition, the GST decision builds momentum behind a new global climate finance architecture in support of the post-2025 climate goal to be delivered at COP29 in Azerbaijan later this year.
During the COP28 which is an historical event, 19 countries made commitments totalling $792 million towards the fund and funding arrangements related to loss and damage, including $100 million from the UAE.
