Full Title: Delivering on the Targets and Signals from the First Global Stocktake
Author(s): Center for Climate and Energy Solutions
Publisher(s): Center for Climate and Energy Solutions
Publication Date: October 26, 2024
Full Text: Download Resource
Description (excerpt):
As Parties and non-Party stakeholders (NPS) head to Baku, Azerbaijan, for the 29th Conference of the Parties (COP29) under the UN Framework Convention on Climate Change (UNFCCC), much attention will be focused on the agreement of a new collective quantified goal (NCQG) on climate finance to fund historic damage caused by emissions from advanced economies. However, of critical importance will be the opportunities to take stock of Parties’ progress in implementing and achieving the targets and signals from the conclusion of the first GST at COP28.
Parties must consider the outcomes from the GST when they formulate their new nationally determined contributions (NDCs)—their national climate targets— due February 10, 2025, and achievement of the GST targets and signals will help the world get closer to a pathway to limiting global warming to 1.5 degrees C.