COP28, a historic step in global climate action that contributes to achieving the goals of the Paris Agreement

On December 12, Conference of the Parties 28 It’s over, leaving behind big, important agreements, like keeping global emissions down or ditching fossil fuels. In fact, it represents a “historic step” by jointly confronting the “triple planetary crisis” (climate change, pollution and biodiversity loss), it was pointed out. Pascual Navarro RiosSecretary of State for European Union Affairs at the Foreign Office, who presented the main conclusions of the Global Climate Summit in the plenary session of the European Parliament.

In this sense, Navarro insisted that the United Nations Climate Change Conference (COP28) is the ideal solution A step forward in global climate actionWhich contributes to the possibility of achieving the goals of the Paris Agreement, including limiting the global temperature to 1.5 degrees Celsius.

Emissions and fossil fuels

“There is strong recognition of the need to urgently reach maximum greenhouse gas emissions and meet the target Minimum emissions reduction of 43 percent by 2030, followed by 60 percent by 2035. The Minister of State for European Union Affairs explained that this directly reflects our ambition to limit global warming to 1.5 degrees.

For her part, the President of the European Commission said, Ursula von der Leyenwho also made a statement after the end of COP28, calling it “good news for the whole world” after reaching a multilateral agreement to accelerate the goal of achieving the goal. Net zero emissions by 2050, with urgent procedures for this contract. In this sense, he highlighted that reducing emissions “will accelerate the transition towards a sustainable economy.” A cleaner, healthier economy“.

Likewise, von der Leyen stated that 2023 was the hottest year on record, so “it is appropriate that we also make it the most ambitious year ever in terms of climate action.”

On the other hand, Pascual Navarro noted that the completion of the first global emissions inventory has highlighted the necessary actions to be taken: “At COP28, for the first time, a clear call was made to… Abandon fossil fuels in energy systems in order to achieve the goal of net zero emissions in 2050.”

Likewise, they also committed to it “Triple Renewable Energy” and “Double Energy Efficiency by 2030”. “The final text also calls for accelerating efforts toward the phase-out of coal power,” Navarro concluded.

Specifically, von der Leyen noted that the targets of the Global Commitment on Renewable Energy and Energy Efficiency, which the EU presented to the COP, were also translated into the COP outcome. Global balance. “The world has committed to tripling renewable energy capacity and doubling the pace of energy efficiency improvement by 2030, which presents a strong opportunity Promoting the transition away from fossil fuels“, he stated. “It is also important that we have an agreement on that Treatment of methane and other non-carbon dioxide emissions Added to this contract.

Finance

On the other hand, COP28 also addressed the issue of financing. In the first days of the summit, a crucial milestone was achieved: the launch of an initiative Loss and Damage Fund with pledges worth more than $700 million. “The UN Climate Change Conference (COP28) has shown that we must transform the international financial system if we are serious about achieving our goals,” Navarro said.

Likewise, the completion of the first global emissions inventory highlights the need to “continue promoting… Private investments towards climate action And move financing away from what jeopardizes our shared prosperity.

Europe has shown its unity and ability to do so Create alliances, which was essential in the most difficult moments of COP28. But there is still a long way to go to ensure a safe future for humanity on this planet. We are confident that by working with Team Europe and like-minded members of the international community, we can achieve this And even more ambitious goalsNavarro concluded his speech.

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