Environmental Audit Committee meets to discuss outcomes of COP28

4 Feb 2024 05:36 PM

Last Wednesday, the Environmental Audit Committee met to deliberate on the results of COP28, held at the end of last year in Dubai.

Graham Stuart, Minister of State for Climate, outlined the objectives that the UK aimed to accomplish at the conference, i.e. achieving ambitious global stocktake outcomes, leading urgent action to ensure the viability of the 1.5 degree target, reaching agreements on funds and arrangements related to loss and damage, establishing a framework for the global goal on adaptation, and making strides in climate finance. He talked about the UK’s role in the historic decision to transition away from fossil fuels and triple renewable energy usage, as well as its £60 million commitment to the loss and damage fund.

Despite the overall success of the UK at COP28, Stuart admitted that the outcomes fell short of the desired extent. Specifically, commitments and language concerning emissions, Nationally Determined Contributions (NDCs), and fossil fuels could have been more robust. There was room for additional progress towards adopting new coal power, and the UK could have better recognised the circumstances of the most climate-vulnerable nations.

According to the Minister, the world is not on track to meet the 1.5 degree target, and COPs allow countries to keep on bending the curve.

Other highlights include:

The discussion closed with a positive remark made by the Minister, saying that COP presidency often means that a country moves towards net zero goals quicker, which hopefully will be the case with an oil nation such as Azerbaijan.

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