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COP28

COP28 in Dubai will be important, especially because it will give the formal report of the Global Stocktake - to demonstrate our collective progress on emissions reduction against the Paris goals and 1.5C warming.

 

The Conference will also have two major themes among the many and complex topics which will be addressed. First, it will be a vital gathering for the Global South, who will want to see progress on Loss and Damage, adaptation finance, and whether the Global North can restore some trust by finally making good on the $100 billion per annum pledge to support the climate challenge for developing countries. Second - and partly because the COP will be hosted by a major oil and gas producer in the shape of the UAE Government - the spotlight will be on fossil fuels as the source of the climate crisis, and whether meaningful action and a plan can be agreed to accelerate a phase-out of oil, gas and coal to keep warming within safe limits.

 

With all this in mind, Carbon Tracker is showcasing in its events in Dubai and in the run-up, some highly relevant new reports:

 

  • on “Petrostates”, ie those countries (many of whom are in the South) who are fiscally vulnerable to the energy transition because of their reliance on oil and gas revenues;

  • on the challenges for the Electric Vehicles market in the Global South, and how economic potential might be unlocked from vehicle electrification;

  • a report based on data from our Global Registry of Fossil Fuels, and how the existing reporting practices of oil, gas and coal reserves can be substantially improved in order to make them more relevant to the global carbon budget;

  • an update to our Country Profiles for the global coal power sector, a platform tool to assist policymakers and investors with their decision-making with reference to the transition.

 

All these reports will have major sections on the implications for governments and policymakers, alongside analysis through Carbon Tracker’s expert investor lens. 

 

A common thread of the transition - its risks and challenges - is therefore running through all of what we will be saying, and we hope that we can make a substantial contribution to the debate at the COP. But we also hope for more than debate - the science is making clear that the time for plans and action is upon us. We hope to see you there!

Meet the team 
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We will have a team on the ground. If you would like to arrange a meeting with the team, e-mail exilas@carbontracker.org

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