COP28

COP28, the UN Climate Change Conference held in Dubai in December 2023, is a significant international event focused on addressing climate change. It's newsworthy due to the urgent need to meet the goals of the Paris Agreement and limit global warming to 1.5°C. A key development at COP28 was the pledge by over 110 countries to triple global renewable energy capacity and double the annual rate of energy efficiency improvements by 2030. This commitment forms part of a broader effort to stay within the 1.5°C target. The conference's relevance lies in its role as a platform for global collaboration and the setting of ambitious targets to mitigate climate change, influencing energy policies and investments worldwide. Discussions also included the role of nuclear energy, with the World Bank reconsidering its stance and acknowledging its potential contribution to achieving net-zero emissions.