{"id":250698,"date":"2023-07-04T20:39:11","date_gmt":"2023-07-04T15:09:11","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=250698"},"modified":"2023-08-31T14:44:38","modified_gmt":"2023-08-31T09:14:38","slug":"a-stocktake-before-the-global-stocktake","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/a-stocktake-before-the-global-stocktake\/","title":{"rendered":"A stocktake before the Global Stocktake"},"content":{"rendered":"\n

Source<\/strong>– The post is based on the article \u201cA stocktake before the Global Stocktake\u201d <\/strong>published in The Hindu<\/strong> on 4<\/strong>th Ju<\/strong>ly<\/strong> 2023<\/strong>.<\/p>\n

Syllabus: <\/strong>GS3-Environment<\/p>\n

Relevance:<\/strong> \u00a0Climate change-related issues<\/p>\n

News-<\/strong> The Bonn Climate Change Conference was the last big milestone in climate negotiations before the first Global Stocktake under the Paris Agreement at COP28 \uff08Conference of the Parties 28\uff09 in Dubai.<\/p>\n

What is the progress and challenges in global stocktake?<\/strong><\/h2>\n

The Global Stocktake<\/strong> assess collective progress towards long-term global goals. This includes progress on greenhouse gas reduction, building resilience to climate impacts, and securing finance to address climate crisis.<\/p>\n

In 2015, under the Paris Agreement,<\/strong> countries had agreed to \u201cpursue efforts\u201d to limit global temperature rise to 1.5\u00b0C<\/strong> and \u00a0introduced \u2018just transition pathways\u2019 <\/strong>at COP27. It means that the transformational pathways<\/strong> need to be carried out in a way that is as fair and inclusive as possible to everyone concerned.<\/p>\n

The<\/strong> outcome of <\/strong>\u00a0Bonn Conference <\/strong>was that d<\/strong>eveloping countries were able to strengthen the \u2018just transition pathways\u2019 <\/strong>as opposed to the developed countries which which laid more emphasis on mitigation.<\/p>\n

First <\/strong>challenge is that Climate finance<\/strong> flows are not aligned with the priorities identified by countries in their nationally determined contributions<\/strong>. Many observers say that only a fraction of the $100 billion has actually been realised .<\/p>\n

Another challenge A<\/strong>daptation finance has lagged behind mitigation finance<\/strong>, probably due to the absence of universally agreed-upon metrics.<\/p>\n

What is the way forward?<\/strong><\/h2>\n

In the efforts towards aligning climate finance with the Paris Agreement<\/strong> temperature goals, it is important to integrate the World Bank in climate change negotiations <\/strong>and hold it accountable as it is making huge investments in fossil fuels.<\/p>\n

India also underlined the need for \u201cfinancing\u201d a \u2018just transition\u2019<\/strong> in sectors such as energy and transport in order to reach net zero emissions by 2070.<\/strong><\/p>\n

Therefore, the pursuance of the Global Stocktake as per the Paris Agreement needs to comply with the principle of equity, justice and fairness.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source– The post is based on the article \u201cA stocktake before the Global Stocktake\u201d published in The Hindu on 4th July 2023. Syllabus: GS3-Environment Relevance: \u00a0Climate change-related issues News- The Bonn Climate Change Conference was the last big milestone in climate negotiations before the first Global Stocktake under the Paris Agreement at COP28 \uff08Conference of… Continue reading A stocktake before the Global Stocktake<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[59,216,10498],"class_list":["post-250698","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-environment","tag-gs-paper-3","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/250698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=250698"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/250698\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=250698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=250698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=250698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}