Webinar: Exploring the Impact of COP28 - Implications for the Americas and the Caribbean

Time: 10:00 - 11:30 (Panama time)

The conclusion of COP28 marks a pivotal moment in global climate action, symbolizing the "beginning of the end" for the fossil fuel era. The upcoming webinar focuses on unravelling the implications of COP28, specifically examining its impact for the Americas and the Caribbean. We aim to shed light on key outcomes and their potential influence on our region.

COP28 introduces a global stockade, urging nations to enhance climate action plans by 2025 to limit the global temperature rise to 1.5°C.  Notable goals include a 43% reduction in global greenhouse gas emissions by 2030, along with ambitious targets for renewable energy and energy efficiency, shaping the future of sustainable energy in our region.

A significant commitment to phasing down unabated coal power aligns with the global shift towards cleaner energy sources, reflecting collective determination to address environmental challenges. Climate finance discussions resulted in pledges of USD 12.8 billion, underlining the crucial need for trillions to support clean energy transitions and adaptation efforts in developing countries.

The operationalization of the loss and damage fund, with commitments exceeding USD 700 million, reflects international recognition of vulnerabilities in certain nations. The Santiago Network's role in assisting these vulnerable countries highlights the collaborative spirit of COP28. Similarly, inclusivity efforts through the Action for Climate Empowerment and the Gender Action Plan emphasize their vital roles in achieving sustainable climate goals.

Looking ahead, COP28 initiates enhanced transparency measures under the Paris Agreement, with reporting tools expected by June 2024. Future COPs, particularly COP29 and COP30, will focus on a new climate finance goal and nationally determined contributions fully aligned with the 1.5°C limit, shaping the future of climate action in the Americas and the Caribbean.

The webinar aims to provide a comprehensive understanding of COP28's implications for our region. Through engaging discussions, we hope to uncover strategies, collaborations, and initiatives to navigate the evolving landscape of climate change, fostering a resilient and sustainable future for the Americas and the Caribbean. 

Importance of Reflections on COP28 for the Americas and the Caribbean:

• The region is susceptible to diverse climate impacts, including extreme weather events, rising sea levels, and threats to biodiversity.
• COP28 discussions addressed critical aspects such as migration, labour, humanitarian responses, food security, health, environmental protection, climate resilience, and disaster risk reduction, all of which are pertinent to the region.
• Collaboration among UN Agencies is essential to formulate comprehensive strategies that address the interconnected challenges faced by the Americas and the Caribbean.