Developing and developed countries are wrangling over whether finance should be included in an adaptation framework to be approved at Cop28
A renewable energy target will be debated at Cop28 but financial reforms are needed for the Global South outside China to meet that target
Developing countries are outraged by a proposal to host a climate loss and damage fund at the World Bank, painting it as a US power grab
The 27 member states agreed to pursue a tripling of renewable energy by 2030 but softened language on phasing out fossil fuels
At Cop28, developed nations will face calls to quit fossil fuels faster than developing countries, who did less to cause the climate crisis
In response to a global stocktake report, ministers will debate collective goals such as phasing out coal use by 2040 and mobilising $200-400bn for loss and damage
On the sidelines of the UN general assembly, rich and poor countries were divided on how to deliver funds to victims of the climate crisis
While “ambitious” countries made few new announcements, the US, China, India and the UK had not offered enough to even sit in the room
The UN Global Stocktake report calls on governments to scale up renewable energy and phase out all “unabated” fossil fuels.
Cop28 president, Sultan Al Jaber and UN climate change boss, Simon Stiell, had called on G20 countries to show leadership and deliver ambitious emissions cuts.
The world’s largest economies failed to agree on targets to phase down fossil fuels and scale up renewables
In an open letter to the G20, climate ministers from 14 countries outline key actions ahead of COP28, including a fossil fuel phase out.
“We must be brutally honest about the gaps that need to be filled, the root causes and how we got to this place here today” said Sultan Al-Jaber
At Cop28 the EU wants governments to agree on more renewables and a faster phase out of fossil fuels with a “residual” role for carbon capture technologies
The Cop28 chief has also urged the oil and gas industry to “step up its game” and scale up renewables investment
The UAE say “fossil fuel emissions” should be phased out but Guterres said “fossil fuels” themselves must go, in a split on the role of carbon capture
Over a hundred Twitter profiles are suspected of a coordinated effort to influence opinion online. The Cop28 team says these activities are “unacceptable”.