Sector Specific Report (Sustainability & Climate Change) – January 2024

COP28 has given the global fight against climate change a transformative shift through the ‘UAE Consensus’ under the presidency of the United Arab Emirates in Dubai which was started 30 years ago by the United Nations Framework Convention on Climate Change (UNFCCC) in Rio de Janeiro. It was a watershed moment for world leaders where a concrete path for realistic commitments has been marked and unanimously accepted. On this global platform, an inclusive agenda to further intensify the global efforts to mitigate the climate change scenario as per of fifth iteration of Global Stocktake has been agreed upon by world leaders as part of the Conference of Parties (COP).