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First global stocktake under the Paris Agreement recognizes the need to accelerate sustainable, affordable, and inclusive energy

11th Dec 2023

At COP 28 in the First global stocktake under the Paris Agreement, recognizes the need for deep, rapid and sustained reductions in GHG emissions and calls upon Parties to take actions that could include:
(a) Tripling renewable energy capacity globally and doubling the global average annual rate of energy efficiency improvements by 2030;
(b) Rapidly phasing down unabated coal and limitations on permitting new and unabated coal power generation;
(c) Accelerating efforts globally towards net zero emissions energy systems, utilizing zero and low carbon fuels well before or by around mid-century;
(d) Accelerating zero and low emissions technologies, including, inter alia,
renewables, nuclear, abatement and removal technologies, including such as carbon capture and utilization and storage, and low carbon hydrogen production, so as to enhance efforts towards substitution of unabated fossil fuels in energy systems.
(e) Reducing both consumption and production of fossil fuels, in a just, orderly
and equitable manner so as to achieve net zero by, before, or around 2050 in keeping with the science;
(f) Accelerating and substantially reducing non-CO2 emissions, including, in
particular, methane emissions globally by 2030;
(g) Accelerating emissions reductions from road transport through a range of
pathways, including development of infrastructure and rapid deployment of zero and low emission vehicles;
(h) Phasing out of inefficient fossil fuel subsidies that encourage wasteful consumption and do not address energy poverty or just transitions, as soon as possible.

Source: DRAFT TEXT on CMA agenda item 4 – First global stocktake under the Paris Agreement Version 11/12/2023 16:30

Image of Cop28