Nearly 200 countries have agreed to a deal that for the first time urge all nations to shift away from fossil fuels to mitigate the most severe impacts of climate change, representing the "beginning of the end" of the fossil fuel.
The #Global Stocktake is the core outcome of COP28, encapsulating all negotiated elements. Far from being perfect due to the watering down of some key elements, it marks a start with the potential to empower countries to develop more robust climate action plans.
Another important outcome is related to the operationalization of the Loss and Damage Fund — a historic decision made on the conference's opening day. This important fund is dedicated to supporting vulnerable nations facing the severe impacts of climate change, such as sea-level rise.
🌊Incredible to note: until just last year, the ocean wasn't even part of the discussion in COP decisions. Now, in addition to the presence of a pavilion dedicated to the ocean, the topic of preservation and conservation of marine and coastal ecosystems is a part of the final agreement, which emphasizes the importance of ocean-based mitigation actions, urging all Parties to scale up their efforts.
We would like to finish with the words of the member of our board directors, Kilaparti Ramakrishna of Woods Hole Oceanographic Institution, who said a few days ago:
"Unless we end our reliance on fossil fuels and begin removing legacy carbon from the atmosphere, the ocean cannot continue to protect us from the climate crisis. The ocean can help in our search for solutions, but only if we end our assault on the ocean and the rest of the planet.”