Cop28 Day 5 Women
Gender Equality Day
According to the International Labour Organization (ILO), 1.2 billion jobs, representing 40 percent of the global labour force, are at risk due to global warming and environmental degradation.[1] Women are expected to be most severely affected due to their high representation in sectors particularly susceptible to climate change. Ministers and high-level officials have therefore agreed on a series of commitments to support women’s economic empowerment and ensure women’s livelihoods are protected during this transition. By mid-century, it is predicted that climate change could push up to 158 million more women and girls into poverty globally (16 million more than the total number of men and boys).[2] To ensure climate finance appropriately serves the needs of women and girls, particularly those in climate vulnerable regions, it is critical to address the current gender data gap to further understand how women are impacted by climate change.
Razan Al Mubarak
Not new news but a summary of the finance pledged so far.
A total of $57 billion dollars raised so far can be split across the following:
$30 billion ALTérra for funding Africa
$200 million for SDR
$150 million for water security
$9 billion from the world bank
$3.5 billion for Green climate fund
$2.7 billion for health
$2.6 billion for food systems
$470 million urban climate action
41.2 billion for relief recovery and peace
$2.5 billion for renewables
$1.2 billion for methane emission reduction
$568 million for clean energy
Not new news either but here is a summary of the declarations:
The Global Renewables and Energy Efficiency Pledge endorsed by 119 countries.
The COP28 UAE Declaration on Agriculture, Food, & Climate endorsements from 137 countries.
The COP28 UAE Declaration on Climate and Health endorsed by 125 countries.
The COP28 UAE Declaration on Climate Relief, Recovery & Peace endorsed by 74 countries and 40 organizations.
The COP28 UAE Declaration on Climate Finance endorsed by 12 countries.
The Coalition for High Ambition Multilevel Partnerships (Champ) Pledge endorsed by 64 countries.
The Oil and Gas Decarbonization Charter endorsed by 51 companies, representing 40 percent of global oil production!
The Industrial Transition Accelerator endorsed by 35 companies and six industry associations, including World Steel Association, International Aluminium Institute, Global Renewable Alliance, Global Cement and Concrete Association, Oil and Gas Climate Initiative, International Air Transport Association!
FAQ: How many countries reneged on their pledges from COP27.
After years of promises of new climate funding, the developing world is coming to grips with a disappointing reality: Money still isn’t coming through fast enough to address the mounting challenges of climate change.
The United Nations estimated the global shortfall in funding to cope with this onslaught amounts to several trillion dollars. While Western countries have started to mobilize vast sums for their own clean energy transitions, government officials and other diplomats say poor and vulnerable nations — where the need is often greatest — are being left out.
Washington post
9 Oct 2023
