2024 JANUARY ISSUE
PROGRESS REPORT
ON THE
PARIS
CLIMATE AGREEMENT
PART 22
By ANDREW SIA
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From the Desk of the Publisher
The hot topic of this write up is the COP28 held in Dubai of the United Arab Emirates and the controversy was the host, Sultan Al Jaber, who is the head of the Abu Dhabi National Company, who also presided over the conference.
The last we read was the developing countries will need $387 billion a year to fight global warming. But this is very unlikely to be achieved as the richer nations have been under a lot of pressure to deliver on previous funding pledges to help developing countries. Global warming has already imposed rising cost on economies around the world. The worsening of the climate change has already those climate-vulnerable economies the losses and damages of more than $500 billion in the past two decades.
The earth has seen the warmest year on record in 2023. Temperature in October was 0.85° C higher than the average. A series of extreme weather events around the world has made the temperature higher than normal. We have sea temperature rising because of the El Niño weather phenomenon which will continue to warm the Pacific Ocean into the beginning of next year.
The future of our effort against the global warming is not promising.
