COP28 considerations are important for the Lapsset Corridor
What is the Paris Agreement?
Final Agreement has been reached at COP28. It is a legally binding treaty adopted by 196 countries at the climate change conference in Paris in 2015 (known as COP 21). The main goal of the agreement is to cut global greenhouse gases in order to limit global temperature increases as close as possible to 1.5 degrees Celsius. Of course, this is just one part of the Agreement, with other agreed measures focusing on adaptation, education, financing, technological cooperation, and recognizing the role climate action plays in reaching many other Sustainable Development Goals.
How will countries do this?
Before Paris, 186 countries submitted carbon reduction targets (known as “intended nationally determined contributions,” or INDCs), which outlined how each country would cut its carbon emissions. Once those countries joined the Paris Agreement, those INDCs became NDCs (nationally determined contributions). There is no one-size-fits-all approach for the NDCs, and different countries are taking climate action in different ways, from investing in renewable energy to introducing carbon taxes. The NDCs are to be updated every five years by Parties to the Agreement, and each new iteration is expected be more ambitious than the previous one.
Some key COP28 Agreements:
COP28 – opening statements & videos sequence start to the end – successful Agreement
US $4.48 Billion secured at COP28 by President Ruto for Green Developments in Kenya
Key Financing statements below in video
President of COP28 explained his Fossil fuel science comments
Global Cooling Pledge
How do Fossil Fuel dependent Countries transition
OPEC – Fossil Fuels should not be phased out letter
Phase down of coal
Oil & Gas fossile fuel Day 11
Day 11 continued
Fossil Fuel – phase out or Phase down
Last day continued