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Role of the Global Stocktake at COP28

An Overview of Climate Accountability and Progress

Role of the Global Stocktake at COP28

  • 20 Dec, 2023
  • 318

Understanding the Global Stocktake at COP28

The global stocktake at COP28 represents a vital review process initiated by the Parties to the UN Framework Convention on Climate Change (UNFCCC). This process is aimed at evaluating the collective progress made towards the long-term objectives set by the Paris Agreement, particularly in limiting global temperature increases.

Key Components of the COP28 Global Stocktake

  • Emissions Reduction Targets: A significant emphasis is placed on reducing global greenhouse gas emissions by 43% by 2030 compared to 2019 levels.
  • Renewable Energy and Efficiency: The goals include tripling renewable energy capacity and doubling improvements in energy efficiency by the year 2030.
  • Fossil Fuel and Coal Policies: Strategies are being developed to phase down unabated coal power and eliminate inefficient fossil fuel subsidies.
  • Action Plan Development: Countries are guided to formulate stronger climate action plans by 2025.

Significance of the Global Stocktake

The COP28 global stocktake is essential for monitoring and promoting enhanced climate action among nations. It acts as a reality check, illustrating how far the world has progressed and how much further it must go to adhere to the Paris Agreement targets. This process is crucial for ensuring transparency, accountability, and fostering international cooperation in combating climate change.

Frequently Asked Questions (FAQs)

Q1. What is the primary goal of the global stocktake at COP28?
Answer: The main objective is to assess collective progress in achieving the long-term goals of the Paris Agreement, particularly in limiting global temperature rise.

Q2. How much must global greenhouse gas emissions be reduced by 2030?
Answer: Global greenhouse gas emissions must be reduced by 43% by 2030, relative to the levels recorded in 2019.

Q3. Why is the global stocktake important for countries?
Answer: It provides a framework for countries to evaluate their climate actions and encourages them to enhance their commitments toward climate goals.

Q4. What are the renewable energy goals set for 2030 in the stocktake?
Answer: The goals include tripling renewable energy capacity and doubling energy efficiency improvements by 2030.

Q5. What strategies are proposed for fossil fuels?
Answer: Strategies include phasing down unabated coal power and phasing out inefficient fossil fuel subsidies to promote cleaner energy sources.

UPSC Practice MCQs

Question 1: What is the main purpose of the global stocktake at COP28?
A) To set new climate goals
B) To review progress toward the Paris Agreement
C) To assess economic growth
D) To evaluate fossil fuel production
Correct Answer: B

Question 2: By what percentage must global emissions be reduced by 2030 according to COP28?
A) 30%
B) 43%
C) 50%
D) 25%
Correct Answer: B

Question 3: What is one of the renewable energy goals for 2030?
A) Reducing coal use by 10%
B) Tripling renewable energy capacity
C) Increasing fossil fuel production
D) Reducing energy efficiency
Correct Answer: B

Question 4: Which of the following is a strategy for fossil fuel reduction?
A) Increasing coal power
B) Phasing out inefficient fossil fuel subsidies
C) Promoting oil drilling
D) Expanding natural gas use
Correct Answer: B

Question 5: By when are countries expected to formulate stronger climate action plans?
A) 2030
B) 2025
C) 2023
D) 2040
Correct Answer: B

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