UN Climate Change Conference

Loss & Damage Fund

• initiated at CoP27, operationalized in CoP28
• $800Mpegged($100-$400B limit)
• World Bank as interim host ➡️ 4 yrs.

Global Stocktake

• countries will examine how much progress they have made in curbing global warming
• happening first time since Paris Agreement 2015

Transition away from Fossil Fuels

• triple renewable energy capacity by 2030
• $>$ 20 countries to triple their nuclear energy capacity
• shortcomings
  • transition only in enerrgy stream
  • fossil fuels can be used in plastics ,transport, agri
  • use of CCS & carbon removal

Green Finance

• received $3.5B
• addl. $188M to Adaptation Fund
• Introduction of  ALTERRA - (An investment initiative to globally mobilise $250 billion by 2023)

Global Methane Pledge

• launched in CoP26
• $>$ 150 countries signed
• India not signed
  • shifts focus from $C{O}_2$ to $C{H}_4$
  • major methane production from rice cultivation and enteric fermentation (livestock rearing) $\to$ livelihood to farmers

UAE Declaration on Climate & Health

• in partnership w/ WHO
• 123 countries signed
• $1B commitment
• India not signed
  • India’s health infra still growing