Negotiators from Nearly 200 Countries Strive for Agreement on the Last Day of COP28!
This Tuesday, December 12, on the final day of COP28, representatives from nearly 200 nations continued their intense negotiations in search of an agreement on a global action plan aimed at effectively and swiftly mitigating the effects of climate change.
This crucial moment is focused on the concern of limiting the global temperature increase to 1.5°C, highlighting the urgency of decisions aimed at the elimination of fossil fuels and a just energy transition.
The goal is to prevent irreversible changes to global ecosystems, contain increasingly catastrophic floods, and mitigate the impacts of extreme heat.
The Presidency of COP28 announced that it has been working tirelessly to achieve the most ambitious result possible.
Stay updated on the final negotiations of this final dayof COP28 with exclusive coverage from Grupo Myr!
Last Day of COP28: Climate Summit Ends Without Agreement on Concrete Actions for the Elimination of Fossil Fuels
We have reached the end of COP28, marked by the much-anticipated final text.
In this challenging edition of COP, the COP28 Presidency persisted in seeking the highest ambition, announcing that it was dedicated to tirelessly collaborating with the Parties to create the best possible plan for the world.
“We all want to achieve the most ambitious result possible.”
Ambassador Majid Al Suwaidi
(Director-General of COP28)
However, there is still no consensus among the participating countries of COP28 regarding negotiations on fossil fuels.
To date, participating countries have not been able to reach a convergence point to make a joint statement against fossil fuels, aimed at the complete elimination of these agents of the greenhouse effect and climate change, as indicated by scientists.
Environmentalists had hoped that the final agreement would speak of eliminating these fuels, but for now, the idea prevails that the world should work to gradually reduce them, as we reported in our blog this Monday, where we discussed the last draft of the final document, released yesterday.
- In the draft of the final text, there are still no concrete mentions of the gradual reduction or total elimination of the production and consumption of fossil fuels.
- In other words, there are still no deadlines set to slow down and limit the use of these fuels.
- This ‘decision’ is considered insufficient to contain global warming.
Controversial COP
The fact that COP28 was held in one of the major oil-producing countries, the United Arab Emirates, was met with skepticism and controversy from the outset.
It is worth noting that COP29, in 2024, will take place in Baku, Azerbaijan, another country that produces natural gas, one of the energy sources associated with pollution, which also generates controversy.
Lack of Agreement on Fossil Fuels May Hinder Progress in Future COPs
The reality is that when central issues of the UN climate conferences are not resolved or are postponed during the event itself, they end up being carried over to subsequent editions, impairing the global development of the COPs.
Learn more about the repercussions of the last day of COP28 and what may carry over to the next COPs with these CNN reports:
- COP28 ends without timelines for initiatives and this is negative, says PROAM president
- COP28: How lack of agreement on oil can affect the conference in Belém?
Climate Financing
The main focus of COP28 was Climate Financing.
On the first day of the Climate Summit in Dubai, on November 30, a historic decision was announced: the approval of the Climate Fund for Loss and Damage for Vulnerable Countries.
Right at the beginning of the event, contributions exceeding $400 million were announced to help vulnerable countries fight climate change.
Learn more: Grupo Myr at COP28: An Exclusive Perspective on the Opening of the UN Climate Change Conference!
Retrospective of Grupo Myr’s Exclusive Coverage!
If you missed any of our blogs during COP28, take the opportunity to catch up on everything that happened during the Climate Summit with our daily coverage.
Check out the COP28 Thematic Agenda, with various interconnected themes, and the repercussions of the events from the perspective of our directors, Sérgio Myssior and Thiago Metzker, who were present in Dubai, United Arab Emirates, following the behind-the-scenes of this great event, participating in plenaries and important panels, and conducting interviews with various authorities.
At the end of each day, our directors also provided a summary of the event, sharing a video analysis.
See the retrospective of our exclusive coverage of COP28!
- 30/12 – Official Opening of COP28
Read: Grupo Myr at COP28: An Exclusive Perspective on the Opening of the UN Climate Change Conference!
- 01/12 – Day Marked by Speeches from World Leaders
Read: Emblematic Speeches by World Leaders Mark the 2nd Day of COP28. See Grupo Myr’s coverage!
- 02/12 – Day Marked by Historic Commitments
- 03/12 – Start of COP28’s Thematic Agenda: Health/Relief, Recovery, and Peace Day
- 04/12 – Day of Finance, Trade, Gender Equality, Accountability
Read: Finance, Trade, Gender Equality, and Accountability in the Spotlight on the 5th Day of COP28!
- 05/12 – Day of Energy and Industry, Just Transition, Indigenous Peoples
Read: Comprehensive and Interconnected Themes Mark the Discussions of the 6th Day of COP28
- 06/12 – Day of Multilevel Action, Urbanization and Built Environment, Transportation
Read: Central Discussion of the 7th Day of COP28 Revolves Around Multilevel Action
- 07/12 – Rest Day
Read: A Break in Plenaries on the 8th Day of COP28! Check Out the Summary of a Week at the Climate Summit!
- 08/12 – Day of Youth, Children, Education, and Skills
Read: 9th Day of COP28: Youth at the Center of Climate Diplomacy!
- 09/12 – Day of Nature, Land Use, and Oceans
Read: Nature-Based Climate Action is the Highlight of the 10th Day of COP28!
- 10/12 – Day of Food, Agriculture, and Water
Read: Global Food Issues and Water Security in Focus on the 11th Day of COP28!
- 11 and 12/12 – Final Negotiations
Read: 12th Day of COP28 Marked by the Start of Final Negotiations!
We will continue to pay close attention to all future repercussions related to COP28. We are already looking ahead to COP29 in 2024 in Azerbaijan, and we start the Journey Towards COP30 in 2025, in Belém, Pará, in Brazil!
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