Global Stocktake

The United Nations climate conference is underway in Dubai, and representatives from around the world will be confronting an extraordinary array of challenges over its two weeks. They carry with them some long-held – and new – grievances, and strong expectations. Framing the agenda is a “global stocktake” – an assessment of progress toward the 2015 Paris Agreement to keep global warming in check. Unsurprisingly, as record-breaking extreme heat has underscored so powerfully in 2023, the world is not on track. To cut emissions, progress is needed on national economic and fiscal policies, such as taxing pollution and ending subsidies for fossil fuels that are even higher today than before the pandemic, and on funds and commitments to speed a global energy and economic transformation. Funding for adaptation and disaster recovery is also high on the agenda. The United Nations’ 2023 Emissions Gap Report show...

When this year’s United Nations Climate Change Conference begins in late November 2023, it will be a moment for course correction. Seven years ago, nearly every country worldwide signed onto the Paris climate agreement. They agreed to goals of limiting global warming – including key targets to be met by 2030, seven years from now. A primary aim of this year’s conference, known as COP28, is to evaluate countries’ progress halfway to the 2030 deadlines. Reports show that the world isn’t on track. At the same time, energy security concerns and disputes over how to compensate countries for loss and damage from climate change are making agreements on cutting emissions tougher to reach. But as energy and environmental policy researchers, we also see signs of progress. Global stocktake raises alarms A cornerstone of COP28 is the conclusion of the global stocktake, a review underway of the world’s efforts to address climate change. It is designed...