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ARTICLE · 15 DECEMBER 2023

COP28 – December 9-10, 2023 Recap

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COP28 President Sultan Al-Jaber convened a small group discussion on Sunday to discuss outstanding issues on adaptation and equitable transitions ahead of updated draft texts.

United StatesEnergy and Natural Resources
  • COP28 President Sultan Al-Jaber convened a small group discussion on Sunday to discuss outstanding issues on adaptation and equitable transitions ahead of updated draft texts. A new round of draft texts is expected on Monday morning, following discussions of previous texts throughout the weekend. During discussions, the European Union (EU) supported a phase out of fossil fuels, and Colombia raised the issue of finance for developing economies during the energy transition. Parties have met in "informal huddles" throughout the weekend to work on articles of the draft texts.
  • $186.6 million in financing to protect forests, mangroves and the ocean was announced on Sunday. These commitments build on the $2.5 billion mobilized during the COP28 World Action Climate Summit on December 2, 2023. In addition to this, a joint statement by the COP28 Presidency and Convention on Biological Diversity was endorsed by 18 countries. This statement signaled a commitment by countries

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