The new draft of the \u2018Global Goal on Adaptation\u2019 released after the last day of COP28 removed a key part requesting developed countries to provide specific support to developing countries and instead, it emphasises the urgent need for continuous and enhanced international support to developing countries, following the Paris Agreement. This change reflects a compromise, shifting away from explicitly naming developed countries as providers of support. New COP28 \u2018Global Goal on Adaptation\u2019 text removed key paragraph 33 which \u201crequests developed country parties to provide developing country parties\u2026 with long-term, scaled-up, predictable, new and additional finance, technology and capacity-building\u201d.<\/p>\n
This is replaced with \u201creiterates that continuous and enhanced international support provided and mobilised to developing country parties, under Articles 9-11 of the Paris Agreement, is urgently required\u201d. Experts say that this is a big step down from \u201crequests\u201d to \u201creiterates\u201d that support is urgently required. India is emphasising the need for a clear distinction between adaptation and mitigation strategies in the current targets, which are currently directive and focused primarily on mitigation.<\/p>\n
The new draft reiterated the call, urging developed country parties to at least double their collective provision of climate finance for adaptation to developing country parties from 2019 levels by 2025, in the context of achieving a balance between mitigation and adaptation in the provision of scaled-up financial resources. Noting that the adaptation finance gap is widening, the new draft sought to close the adaptation finance gap and encouraged countries to consider the outcomes of the global stocktake and the framework for the global goal on adaptation in their deliberations on the new collective quantified goal on climate finance in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"
The new draft of the \u2018Global Goal on Adaptation\u2019 released after the last day of COP28 removed a key part\u2026<\/p>\n","protected":false},"author":28,"featured_media":16814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[186],"tags":[4933,2486,920,539,4935,4932,4637,4930,4931,4136,4934,4638,4570],"class_list":["post-16813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-2015-paris-agreement","tag-aid","tag-assistance","tag-climate-change","tag-climate-financing","tag-climate-resilience","tag-cop28","tag-developed-countries","tag-developing-countries","tag-dubai","tag-global-goal-on-adaptation","tag-global-warming","tag-mitigation"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/16813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=16813"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/16813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/16814"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=16813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=16813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=16813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}