Santiago Network

Source– This post is based on the article “COP28 diary (December 6): Santiago Network draft adopted; scientists promote tech to curb methane emissions” published in “DownToEarth” on 7th December 2023.

Why in the News?

The draft text on the Santiago Network has been adopted at COP28.

What is Santiago network?

1) The Santiago Network was established at COP 25 in Madrid

2) It was established as part of the Warsaw International Mechanism for Loss and Damage (WIM) under the United Nations Framework Convention on Climate Change (UNFCCC)

3) Objective- It aims to catalyze technical assistance for vulnerable developing countries in order to address loss and damage.

4) Significance of this initiative-
a. Enhanced capacity of developing countries to address loss and damage.
b. Increased access to finance and technology.
c. More effective implementation of climate change adaptation and mitigation strategies.

What are the other initiatives discussed on the sidelines of COP 28?

1. The Global Goal on Adaptation (GGA)- it is a collective commitment under the Paris Agreement aimed at “enhancing [the world’s] adaptive capacity, strengthening resilience and reducing vulnerability to climate change.

2. Dairy Methane Alliance- Six of the world’s largest food companies, including Nestle, have come together to accelerate food industry action to drive down  methane emissions from the sector.

UPSC Syllabus- Environment