Explore Our Affordable Courses

Click Here

28th Edition of the Conference of Parties (Dubai Climate Conference)

Context:

More on News

  • His position as head of one of the world’s largest oil companies, Abu Dhabi National Oil Company, has drawn criticism —primarily from the West  that he would as  Conference of Parties (COP) President be less inclined to push the world away from fossil fuels.
  • Majid Al-Suwaidi, Director-General, COP-28, denies any conflict of interest in UAE, an oil producer, hosting the event; he says it’s the COP for Asia and if it works for India it will work for many others.
  • COP28 will feature a “global stocktake,” where participating countries will report on their progress in meeting their voluntary emissions reduction commitments and discuss strategies for closing the gaps.
  • The World Meteorological Organisation says one of the next four years — perhaps 2023 will almost certainly breach the 1.5 degree Celsius threshold.
United Nations Framework Convention on Climate Change (UNFCCC):

  • UNFCCC is an international environmental treaty that seeks to reduce atmospheric concentrations of greenhouse gases, with the aim of preventing dangerous anthropogenic interference with the earth’s climate system.
  • The UNFCCC, signed in 1992 at the United Nations Conference on Environment and Development also known as the Earth Summit, the Rio Summit, or the Rio Conference.
  • It is a framework that requires individual participating countries to commit to stabilizing greenhouse gas emissions.
  • There are 197 parties to the convention that meet annually in the Conference of Parties (COP) to assess progress in dealing with climate change.

The Conference of the Parties (COP):

  • Article 7.2 defines the COP as the “supreme body” of the Convention, as it is its highest decision-making authority.

India Has a Critical Role in the 28th edition of the Conference of Parties (COP-28)

  • India is  the third-largest emitter of greenhouse gases and India is also one of the most vulnerable countries to the impacts of climate change.
  • India’s leadership: India played a significant role in the previous 27th edition of the Conference of Parties (COP27) by championing the establishment of the Loss and Damages Fund to compensate countries affected by climate change.
    • However, there remains a lack of consensus on the funding of this initiative, despite estimates suggesting a minimum requirement of $500 billion for the Loss and Damages Fund.
  • Prioritizing adaptation and equity: India will likely prioritize adaptation and equity at COP28. Developing countries need at least $215 billion yearly to do meaningful adaptation work, but barely $21 billion is flowing in (the Adaptation Gap report)
  • Phase-down of Fossil Fuels: The issue of phasing down or phasing out fossil fuels will likely be discussed at COP28.
    • There is no consensus on this issue, and India has called for a phase-down of all fossil fuels and not just coal in the official “cover text” of the COP27.
  • Renewable energy: India is also expected to showcase its progress on renewable energy. India has set an ambitious target of reaching 500 gigawatts of renewable energy capacity by 2030. 
  • Climate finance: India is likely to call for developed countries to provide more climate finance to developing countries.
    • Rich countries have promised to mobilize $100 billion in climate finance every year from 2020  a promise they have not met.
    • However, the real challenge would be making progress on finalizing a new amount, over and above the $100 billion figure, that has to be raised every year, starting next year.
  • India’s leadership at COP28 is crucial for the global effort to address climate change. India can help to ensure that the COP28 outcomes are fair and equitable and that they address the needs of the most vulnerable countries.
Adaptation refers to the actions that countries take to prepare for and respond to the impacts of climate change, such as building seawalls to protect coastal communities from rising sea levels. 

Equity refers to the principle that developed countries should provide financial and technological assistance to developing countries to help them transition to low-carbon economies.


Source:
The Hindu

 

To get PDF version, Please click on "Print PDF" button.

Need help preparing for UPSC or State PSCs?

Connect with our experts to get free counselling & start preparing

Download October 2024 Current Affairs.   Srijan 2025 Program (Prelims+Mains) !     Current Affairs Plus By Sumit Sir   UPSC Prelims2025 Test Series.    IDMP – Self Study Program 2025.

 

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

      

Download October 2024 Current Affairs.   Srijan 2025 Program (Prelims+Mains) !     Current Affairs Plus By Sumit Sir   UPSC Prelims2025 Test Series.    IDMP – Self Study Program 2025.

 

Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

<div class="new-fform">







    </div>

    Subscribe our Newsletter
    Sign up now for our exclusive newsletter and be the first to know about our latest Initiatives, Quality Content, and much more.
    *Promise! We won't spam you.
    Yes! I want to Subscribe.