A New Synthesis Report Emphasizes Global Stocktake Impact at COP28

Global Stocktake is a term that has lately been spoken about immensely yet very few have a comprehension of what the term stands for as a new synthesis report is developed in the space. Global stocktake is more like taking inventory whereby a look is taken at everything related to where the world stands on climate action and support, identifying the gaps, and working together to agree on solutions pathways (to 2030 and beyond).

It’s essential for global stocktake now more than ever since it offers a critical turnaround in efforts geared toward addressing climate change. The global stocktake is part of the Paris Agreement and a key means to assess the world’s global response to the climate crisis and chart a better way forward. This process enables a moment to take a long, hard look at the state of our planet and chart a better course for the future.

A new synthesis report (Views on the elements for the consideration of outputs component of the first global stocktake)designed to help governments decisively act on the global stocktake at COP28 has been published by UN Climate Change. The Synthesis report reflects the views of governments and their perspectives on the main elements that could constitute such a decision.

According to Simon Stiell, Executive Secretary of UN Climate Change, the report puts the cards on the table – except let’s not forget that this is not a game. Further, we are aware that as the global community, we are not on track towards achieving the long-term goals of the Paris Agreement and that there is a rapidly closing window of opportunity to secure a livable and sustainable future.

As the global stocktake is advanced in preparation for the oncoming COP28, it’s important to note that governments expressed broad agreement on how past climate action has been insufficient as they called for more action by all Parties and support for developing countries is needed to limit global warming to 1.5 degrees Celsius, to avoid loss and damage, and to adapt to climate change.

“This synthesis report is a blueprint of what the final outcome of the global stocktake could look like, based on the Parties’ own words. Nations should make full use of the inputs to build consensus for an ambitious outcome towards action in this critical decade,” said Simon Stiell.

Varying views as cited have been fronted by countries on the details of how to reach the goals of the Paris Agreement. The global stocktake is held every five years and is intended to inform the next round of climate action plans under the Paris Agreement (nationally determined contributions, or ‘NDCs’) to be put forward by 2025.

The synthesis report is comprehensive and includes the views of almost all Parties. It is based on submissions received from 24 Parties on behalf of Party groups or individual Parties, representing 180 Parties and from 44 non-party stakeholders (as of 2 October).

This Synthesis Report comes barely a month after the the technical report on the global stocktake published in September which detailed actionable solutions to climate change that are ready to be implemented.

Dr. Sultan Al Jaber, COP28 President-Designate, remarked that the report is again telling us that the world is off track and COP28 is the moment for all Parties to come together and put actionable solutions on the table.

The COP28 President further emphasized that now is the time to Unite, Act, and Deliver a strong negotiated outcome on the Global Stocktake.

“We must be ready with real answers to tackle the challenges, eradicate 22 gigatons of emissions by 2030, strengthen global resilience, and mobilize finance at the scale necessary to enable a just and equitable transition,” said Dr. Sultan Al Jaber, COP28 President-Designate.

Leave a reply