4 Actions Vulnerable Countries Need from COP28

The Allied for Climate Transformation by 2025 (ACT2025) consortium calls for COP28 to accelerate climate action through four primary pillars: advancing ambition to limit warming to 1.5 degrees C, scaling up people-centered adaptation, operationalizing loss and damage institutions, and mobilizing trillions in climate finance. The document emphasizes that G-20 nations, responsible for approximately 75% of global emissions, must lead in phasing out fossil fuels and meeting financial commitments to support the most vulnerable nations.

• To limit warming to 1.5 degrees C, revised nationally determined contributions (NDCs) must collectively reduce greenhouse gas emissions by 43% by 2030 and 60% by 2035 compared to 2019 levels.
• The document advocates for a global target to triple renewable power capacity from 2022 levels by 2030, which would require new generation capacity to average 90% each year.
• Adaptation efforts must be scaled up to address droughts, famines, and hunger affecting over 800 million people, while avoiding maladaptation, such as the conversion of rice fields to shrimp aquaculture in Bangladesh which displaced workers.
• COP28 must fully operationalize the Santiago Network by selecting its host and Advisory Board members and ensure the fund for loss and damage provides additional, predictable, and rapid finance.
• The IPCC should be urged to produce a special report on losses and damages under various warming scenarios, including social and economic costs, by COP30.
• Annual costs for the transition to a 1.5-degree-C world are estimated between $1.5 trillion and $5.9 trillion through 2030, yet developed countries have failed to meet the $100 billion annual commitment set for 2020.
• Adaptation and loss and damage financial needs are projected to grow significantly: adaptation needs may reach $300 billion annually by 2030 and $565 billion by 2050, while loss and damage needs may reach $580 billion annually by 2030 and $1.7 trillion by 2050.
• The document calls for developed countries to agree to a minimum commitment of $120 billion per year through 2025 and for international financial institutions like the World Bank and IMF to undergo ambitious reforms to scale up concessional finance.

APA

World Resources Institute (2023). 4 Actions Vulnerable Countries Need from COP28. https://www.wri.org/technical-perspectives/actions-vulnerable-countries-need-un-climate-summit

Chicago

World Resources Institute. 4 Actions Vulnerable Countries Need from COP28. 2023. https://www.wri.org/technical-perspectives/actions-vulnerable-countries-need-un-climate-summit.

Wikipedia

{{cite press release |author=World Resources Institute |title=4 Actions Vulnerable Countries Need from COP28 |date=23 May 2023 |url=https://www.wri.org/technical-perspectives/actions-vulnerable-countries-need-un-climate-summit |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldresourcesinstitute2023actions, author = {{World Resources Institute}}, title = {{4 Actions Vulnerable Countries Need from COP28}}, publisher = {World Resources Institute}, year = {2023}, month = may, url = {https://www.wri.org/technical-perspectives/actions-vulnerable-countries-need-un-climate-summit}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }