COP28 opens in Dubai today, the United Nations Framework Convention on Climate Change (UNFCCC) has mandated all member countries to submit updated Nationally Determined Contributions (NDCs) by 2025.
This is part of efforts to keep global emissions within the range of 1.5 to 2 degrees Celsius.
Speaking at the opening ceremony of the 28th Conference of Parties (COP28) the agency’s boss, Simon Stiell,said, that things will be done differently going forward including countries submitting their first Biennial Transparency Report which will then make it impossible for countries to conceal how much progress they have made in terms of climate action.
He warned that the world is standing at a precipice. He added that the world is left with limited options adding that the world decided to fund the transition from fossil fuel properly including the response to loss and damage.
This year’s conference is unique to the extent that the world will take stock of the progress it has made so far in what is called Global Stock Take. It will also probably see the operationalisation of the loss and damage fund established at the conference in Egypt last year, amongst others.