COP28: global stocktake with commitment to expand renewable energy capacity

The 28th UN Climate Change Conference (COP28) came to a close in Dubai on 13 December. The main topics discussed included the first global stocktake of progress since the Paris Agreement, the phasing out of coal, oil and gas, and rules for the climate-related loss and damage fund in the developing world. The summit adopted the global stocktake with recommendations for keeping the goals of the Paris Agreement within reach. These include a recommendation to increase renewable energy capacity and energy efficiency by 2030 and, for the first time, a recommendation to transition away from coal, oil and gas by 2050. Switzerland worked towards these recommendations.