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ARTICLE · 29 DECEMBER 2023

COP28: What Were The Key Outcomes?

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At the time of our last COP28 update, we were still waiting to hear what the outcomes would be from several key discussion areas that remained open, including the results of the first Global Stocktake ("GST").

GlobalEnvironment

At the time of our last COP28 update, we were still waiting to hear what the outcomes would be from several key discussion areas that remained open, including the results of the first Global Stocktake ("GST").

After almost two weeks of fractious negotiations, an eleventh-hour agreement known as the UAE Consensus (the "Consensus") was signed by the almost 200 attending government representatives at COP28. As has become something of a recent tradition, COP28 ran almost 24 hours over as the parties urgently sought to come to an agreement on how best to support the global fight against climate change.

The Consensus, which represents the formal outcome of the first GST on the implementation of the Paris Agreement, is the first of any COP agreement to recognise the "transition away from fossil fuels in energy systems" as a means of achieving "net zero by 2050".

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