It is expected that the NCQG will establish a comprehensive definition of climate finance, promoting consistency and transparency in climate finance reporting.
We live in a world where approximately 9.2 percent of the global population lives on less than $2.15 per day according to figures from 2019.
The COP28 will be held in Dubai, in the UAE, from November 30 till December 12.
As we enter this third era of loss and damage, for which no country is really prepared, the whole world will need to find better ways of cooperation within and across national boundaries.
Public financing from developed countries will never be sufficient.
While commitment is the first step, finance is the most important means for implementation of climate commitments. But in this case, there are huge gaps, as pledges remain unfulfilled.
The estimates of the total losses and damages run into many trillions of US dollars.
More investment is needed in research work to understand the dynamics and impact of loss and damage in climate-vulnerable communities.
In December 2015 in Paris, at the 21st annual Conference of Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC), 174 countries, including the United States of America under then President Obama, agreed to the Paris Agreement on Climate Change
In the Paris Agreement on climate change, which was agreed on in December 2015 at the 21st Conference of Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC)
In the run-up to the negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) in its 21st Conference of Parties (COP21) in December 2015, one of the most politically contentious issues was whether the limit of the long-term global temperature rise should be kept at 2 degrees centigrade or changed to 1.5 degrees.
At the 23rd Conference of Parties (COP23) of the United Nations Framework Convention on Climate Change (UNFCCC), held last December under the presidency of the prime minister of Fiji, a new feature called the Talanoa Dialogue was introduced.
The Green Climate Fund (GCF) was created under the United Nations Framework Convention on Climate Change (UNFCCC) to channel USD 100 billion a year starting from 2020 onwards, which the developed countries have pledged to provide to developing countries to tackle climate change through both mitigation as well as adaptation activities. The Secretariat of the GCF is located in Korea and the GCF Board has equal representation from developed and developing countries.
In the negotiations under the United Nations Framework Convention on Climate Change (UNFCCC), every word used can be contested between countries (sometimes they even argue for hours about a coma!). Hence every term has to be accepted by consensus by all the countries for it to be adopted in any UNFCCC decision.
The 196 countries that are signatories to the United Nations Framework Convention on Climate Change (UNFCCC) meet each year around December at the annual Conference of Parties (COP) to review progress on implementing the decisions. The COP moves to a different continent each year as each continent hosts it in turn.
The 23rd Conference of Parties (COP23) of the United Nations Framework Convention on Climate Change (UNFCCC) ended in Bonn, Germany, on Saturday morning, as negotiations ran overtime by a day.
The global climate change is expected to have possible devastating effects on lives, livelihood and economy in most countries.
