Dakar Declaration on Climate Change 2023
Ministers from the world’s 46 least developed countries (LDCs) issued a joint Dakar Declaration on Climate Change outlining their expectations and priorities for COP28.
Key points from the declaration:
- Urgent Global Emissions Reductions:
- The declaration calls for urgent global emissions reductions to address the rapidly approaching 1.5°C global warming threshold.
- Increased Climate Finance:
- Developed countries are urged to present a clear road map for at least doubling adaptation finance delivered by 2025 through public, grant-based financing.
- A New Collective Quantified Goal on Climate Finance should provide new and additional resources, exceeding the current $100 billion per year floor.
- Operationalizing the Loss and Damage Fund:
- The declaration emphasizes the need for a strong outcome operationalizing the new Loss and Damage Fund to address the impacts of climate change.
- Ambitious Global Stocktake:
- The ministers call for an ambitious Global Stocktake to close the gaps in global climate action.
- Responsibility and Historical Emissions:
- LDCs account for more than 14% of the global population but only about 1% of emissions from fossil fuels and industrial processes.
- The declaration underscores that LDCs bear the least historical responsibility for climate change and are disproportionately affected by it.
- Alignment with 1.5°C Goal:
- Parties, particularly major emitters, are urged to reduce greenhouse gas (GHG) emissions urgently and significantly.
- 2030 targets in Nationally Determined Contributions (NDCs) should be revisited and strengthened to align with the 1.5°C warming limit.
- UNFCCC Centralized Carbon Market Mechanism:
- The declaration calls for the operationalization of the UNFCCC centralised carbon market mechanism by 2024, with recognition of the needs of LDCs.
- Implementation of Article 6 of the Paris Agreement’s capacity-building program is emphasized.
- Limiting Warming to 1.5°C:
- The declaration states that limiting warming to 1.5 degrees Celsius, in line with the 2015 Paris Agreement, will be out of reach if global production and consumption patterns continue.
- Accelerating Climate Action:
- COP28 is seen as an opportunity to accelerate climate action towards 1.5°C pathways and meet the needs of LDCs.
- Deep global emissions reductions, scaling up renewable energy, and ensuring no one is left behind are highlighted as essential for a successful COP28.
Category: International / World Current Affairs