India Commends UAE Consensus at COP28

Context: COP28 in Dubai concluded with landmark UAE Consensus to transition away from fossil fuels.

Key Milestones and Agreements at COP28 for UAE Consensus: A Turning Point for Global Climate Action

  • Watershed Moment: For the first time, world leaders decided on a historic set of steps to take in order to reach the 1.5 degree Celsius goal at the COP28 Summit in Dubai.
  • Action Agenda: Key achievements under the Action Agenda include: 
    • Endorsement of the ‘COP28 UAE Declaration on Agriculture, Food, & Climate‘, embedding sustainable agriculture and food systems in climate change responses. 
    • The ‘COP28 UAE Declaration on Climate and Health, accelerates the development of climate-resilient, sustainable, and equitable health systems. 
    • The Global Decarbonization Accelerator (GDA) introduced initiatives such as the Global Renewables and Energy Efficiency Pledge and the Oil and Gas Decarbonization Charter.
  • Pillar of Paris Agreement: Decisive steps were taken across four pillars of the Paris Agreement: 
    • Fast-tracking a just energy transition. 
    • Fixing climate finance 
    • Focusing on people and nature. 
    • Fostering inclusivity in climate action.
  • UAE Consensus: Upon ending, the COP28 discussions gave birth to the UAE Consensus.

UAE Consensus: Charting a Path to Net Zero by 2050

  • UAE Consensus: It is a comprehensive document that calls for a transition away from fossil fuels to achieve net zero by 2050. 

UAE Consensus: A Triumph for Global Climate Diplomacy

  • A historic set of measures outlining a plan to keep global temperatures below 1.5 degrees Celsius has been described as a victory for multilateralism and climate diplomacy.
  • Broadbased Participation: 198 participating Parties reached the landmark agreement.
  • It encourages Parties to submit economy-wide Nationally Determined Contributions (NDCs) and sets specific targets, including tripling renewables and doubling energy efficiency by 2030. 
  • Renewed Focus on Climate Finance: The agreement also paves the way for a new architecture for climate finance and building momentum toward a sustainable future. 
  • Inclusion of Methane: The Consensus is the first to talk about methane, a greenhouse gas that isn’t carbon dioxide but is more potent in its heat-trapping effect than carbon dioxide.

Challenges in the UAE Consensus: Loopholes, Transition Fuels, and Differentiation Dilemmas

  • Presence of Loopholes: There is a  presence of significant loopholes which may allow the United States and other fossil fuel-producing countries to keep going on their expansion of fossil fuels.
  • Transition Fuels: The text gave natural gas a free pass because it has lower carbon emissions than coal. It was called a “transition gas” that countries could rely on as they switched to green energy.
    • The reference to “transitional fuels” explicitly gives gas producing countries the licence to sell more gas rather than invest in renewable energy.
    • It also ignores developed countries for not making up the difference in funding so far, even though it says the gap in funding for adaptation is “widening.”
  • Lack of Differentiation: There is no differentiation in the text on industrial and agricultural methane emission, which could be bones of contention for the future.

News Source: NewsOnAir

 

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

THE MOST
LEARNING PLATFORM

Learn From India's Best Faculty

      
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.