The first Global Stocktake took place at COP 28. The findings were concerning but not surprising. The Paris Agreement’s goal of keeping global average temperature well below 2oC above pre-industrial levels and aiming for 1.5oC remains out of reach. 2023 is set to be the warmest year on record. Only about one fifth of the total carbon budget for a 50% probability of limiting global warming to 1.5oC remains. Adaptation responses remain fragmented, inadequate, and unequally distributed.
Loss and Damage
This piece contextualizes the quest for climate reparations in light of recent events to argue that it will likely keep gaining momentum. Indeed, the absence of any pledge to phase out/down fossil fuels in the Sharm El-Sheikh Implementation Plan indicates that the historical quest for climate reparations through loss and damage is far from achieved. Other reasons for the interest in climate reparations include the increasing phenomenon of climate litigation and drawn connections between colonialism and climate.