European Capacity Building Initiative

ecbi Publishes Highlights from COP 28 Outcomes

ecbi has published a brief highlighting some of the most salient outcomes from COP 28, while also looking forward to COP 29 to be held in Baku, Azerbaijan. The brief focuses on the evolution of the newly-established Loss and Damage Fund, discussing its initial capitalisation at COP 28 and the ongoing "spectre" of liability. With cautious optimism going forward, the brief suggests ways to allay the fears of some developed countries of this "spectre". The document also addresses the outcomes of the first Global Stocktake (GST), highlighting, in particular, reference to fossil fuels, a first in a COP decision. Although it wasn't the phase out language many had hoped for, the text calls for transitioning away from fossil fuels in energy systems. Finally, the ecbi brief reviews how the Just Transition Work Programme (JTWP) came to be and looks at the COP 28 outcomes and what is expected to happen in the coming year, including the first dialogue, with the topic and format to be determined by the Subsidiary Body Chairs. With all eyes on Baku now and many calling COP 29 a finance COP, the new quantified collective goal on climate finance will need to be agreed to, among other things, support this transition in developing countries, in particular.

Related Documents: 
» Back to listing