COP28: Dilemmas and contradictions in climate debates

There was almost a consensus among participants: COP28 in Dubai was marked by numerous contradictions. The country chosen to host a climate conference, in which the leader is the president of the state-owned oil giant of the United Arab Emirates, is just one of them. 

For our CEO, Leonardo Letelier, the rush for change is urgent, but with little effective movement. “One of our ambitious goals is to limit the increase in global temperature to 1.5 degrees, which we already have evidence that we will not achieve in this decade,” he highlights.

Brazil is considered indispensable in discussions about climate. This is due to the fact that it has the largest tropical forest on the planet in its territory, as well as its prominent position in international diplomacy in relation to the themes of mitigation and adaptation based on ecosystems and biodiversity and demands in relation to the financing commitments assumed. by the Parties.

However, Brazilian accession to OPEC+, the extended group of the Organization of Petroleum Exporting Countries, was made by President Lula in the first days of the Conference. After movements and many inquiries, the Brazilian government highlighted that the country would have the role of an observer, not as an effective member. 

End of COP28: transition from fossil fuels

After an unpromising draft, the COP28 presidency presented a new version of the agreement, approved in the last plenary session. For the first time in 30 years, the text brings the “transition to the end of fossil fuels”. 

For many experts, the choice of words in the text does not convey the urgency needed to contain climate change. Furthermore, the role of developed countries in the process is not clear. However, what is clear is: the oil era is coming to an end.

Beyond climate: agriculture, food systems and biodiversity

Despite the centrality of the discussion regarding the move away from fossil fuels, the COP28 decisions did not leave out important themes involving nature. On the contrary, there has been progress regarding the alignment between the connections between the climate and nature agenda.

For example, we saw historic progress with the “Declaration on Sustainable Agriculture, Resilient Food Systems and Climate Action”, signed by more than 158 countries, including Brazil, committing to include the topic of food systems in their climate goals by 2025. . 

Additionally, nature was recognized as an ally for climate mitigation and adaptation actions. The final recommendations highlight the importance of aligning the objectives of the Paris Agreement with the Global Biodiversity Framework, based on the conservation, protection and restoration of ecosystems and biodiversity.

Brazilian Philanthropy Commitment on Climate Change

A group of civil society organizations and social investors launched the “Brazilian Philanthropy Commitment on Climate Change” during COP28. The document has 28 signatures from organizations operating in the segment, mobilized by the Group of Institutes, Foundations and Companies (GIFE). 

Sitawi is one of the signatories of this commitment and our Conservation and Climate Finance analyst, Heitor Dellasta, was present at the launch. 

The commitment is structured around eight axes and provides for measures aimed at:

  1. Education and learning
  2. Resource allocation
  3. Systemic view
  4. Equity, active and financial funds
  5. Operations
  6. articulation, influence and advocacy
  7. Positioning and identity
  8. Transparency and learning.

?The central point they brought was that this Commitment was 95% signed by organizations from the Global North. The idea is to encourage more organizations in the Global South. To this end, they made correspondence with the international commitment, with some small modifications to be closer to the Brazilian reality?, highlights Heitor. 

It is the first time that Sitawi has been institutionally present at the UN climate conference. We hope that, based on the connections, discussions and meetings we had there, positive and effective results will emerge. Would you like to read our position on financing mechanisms for climate issues? Read the briefing note about Carbon Markets and the Role of Sitawi

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