top of page

First Global Stocktake report by the UNFCCC calls for radical climate action.

Today is Monday, September 18, 2023.


The first global stocktake report was released last September 8 2023 by United Nations Framework Convention on Climate Change, UNFCCC.


A critical document that examines the efforts of countries since the 2015 Paris Agreement to reduce planet-warming emissions.


Considered a global collective effort, no specific country was mentioned in the report, that forms the basis of discussions at the coming COP28 in Dubai.


The report calls for "radical decarbonisation” and the Executive Summary has 17 key findings. Here a selection:


(1) while action is proceeding in response to climate crisis, much more is needed,

(2) governments need to support transformations,

(3) global emissions are not in line with the goals set in the Paris Agreement,

(4) much more ambition is necessary in terms of NDCs, Nationally Determined Contributions,

(5) scaling up renewable energy, phasing out unabated fossil fuels and ending deforestation,

(6) address loss and damage, risks and funding perspectives, particularly for those least prepared,

(7) all financial flows directed to lower GHG emissions and develop climate resilience,

(8) accelerate cleaner technologies and innovation,

and (9) capacity-building


And some more selected quotes:


(§21) “Halting and reversing deforestation by 2030 and restoring and protecting natural ecosystems will result in large-scale CO2 absorption and co-benefits … intensification of sustainable agriculture, without further land expansion, are essential and catalyse widespread sustainable development benefits.”


(§115) “Net zero CO2 energy systems require the phasing out of all unabated fossil fuels over time, rapid scaling up of renewable energy, widespread electrification of end uses, use of clean fuels, including low-carbon hydrogen and ammonia …”


(§120) “Carbon capture, usage and storage is an option for reducing emissions from large- scale fossil-based energy and industry sources, but wider deployment hinges on resolving geophysical, environmental-ecological, economic, technological, sociocultural and institutional challenges.”


(§127) “Land carbon accounting and incentive systems, such as REDD+ and payment for forest-based ecosystem services, are increasingly implemented by governments as an approach for incentivizing forest conservation and restoration at different scales.”


That is all we selected.


We noted that the word “biofuel” does not appear in the report. Coincidentally, one day after its release, a group of G20 countries announced the launch of the Global Biofuels Alliance.


Click at the image below to download the 46 pages “Technical dialogue of the first global stocktake” and here you have the press release.




 CARBON CREDIT MARKETS

“Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.”

“I am among those who think that science has great beauty”

Madame Marie Curie (1867 - 1934) Chemist & physicist. French, born Polish.

 • Weekly newsletters •

bottom of page