DUBAI, United Arab Emirates – World leaders must ensure that the COP28 climate summit is the COP of climate credibility, says WWF. The agreements made in Dubai must be aligned with the urgency of the climate crisis, and the scale of efforts needed to address it.
At the most consequential climate talks since the Paris Agreement was born in 2015, a key decision from Dubai will center on the ‘Global Stocktake’ and its first assessment of progress towards achieving the aims of the agreement. In response, COP28 must deliver a course-correcting roadmap to shape the future of climate action on a global scale.
Manuel Pulgar-Vidal, WWF Global Climate and Energy Lead, and COP20 President said: “COP28 must be the COP of climate credibility, with all plans, pledges, and finance aligned with the speed and scale of action needed to prevent the worst impacts of the climate crisis. We can still avoid a future of ever escalating climate catastrophes, but we are way off course and time is running out.
“Countries must agree to a roadmap that resets global climate ambition and action in line with limiting global warming to 1.5oC. We cannot afford to have another COP where ambition and action are not ratcheted up. The sooner and more decisively we act, the sooner people and nature can reap the benefits of a cleaner, safer and more stable future.”
Stephen Cornelius, WWF Global Deputy Climate and Energy Lead, said: “Finance is key to unlocking climate action. COP28’s credibility relies on evidence of significantly scaled up public finance by developed countries to beyond $100 billion per annum. Doubling finance for climate adaptation by 2025 in line with the needs of developing countries is imperative.
“We need to see a fit-for-purpose Loss and Damage Fund, too. Agreeing the creation of the fund was a success of the climate summit last year, now countries must work to fully operationalize the Fund, with substantial pledges of new money.”
Fernanda Carvalho, WWF Climate and Energy Policy Lead, said: “Leaders must agree to a global plan to phase out all fossil fuels. A failure to act decisively to end the fossil fuel age will condemn the world to increasing climate disruptions. Ending the production and use of fossil fuels and transitioning to 100% renewable energy is the solution that will have the largest climate change impact at scale.”
It is also essential that countries continue to acknowledge that the climate crisis and biodiversity crises are inextricably linked. “Natural systems are being pushed beyond their limits. Decarbonization and nature restoration must happen in parallel. In recognition of this, WWF is calling for a new work program on climate and nature to be established as part of future COP climate summits,” says Carvalho.
- Strong political signals to phase out fossil fuels no later than 2050, with developed countries achieving this sooner, including targets for renewables, energy efficiency and energy access.
- A successful Global Stocktake, which: paves the way for unprecedented and immediate implementation of current NDC; strengthens international cooperation and other enabling conditions for stronger NDCs;
- Full operationalization of the Loss and Damage Fund, with substantial pledges of new funds.
- A decision on a comprehensive framework for the Global Goal on Adaptation.
- Scaling up provision of public finance by developed countries to beyond $100 billion per year and doubling adaptation finance in line with needs of developing countries.
- Alignment of all private and public financial flows with climate objective