Alexandra Khlebnova spoke about the key issues of COP28 and the Global Stocktake

On October 9, Alexandra Khlebnova, the Center’s Expert on Climate Change Policy, took part in the roundtable on sustainable development and just energy transition for the Russian oil and gas sector organized by Zarubezhneft jointly with Gazprombank.

Representatives of the oil and gas sector, expert and business communities exchanged views on ways to reduce the carbon footprint and increase the sustainability of companies, and current trends in the global energy transition. There was also a discussion on possible formats for oil and gas companies’ activities in the carbon market, including the projects on mitigation and adapation, the process of buying or selling carbon units, and the development of the necessary infrastructure.

Alexandra Khlebnova spoke about the key issues on the upcoming 28th UN Climate Change Conference agenda in Dubai (COP28), as well as the initiatives of the UAE Presidency. Thus, the Global Stocktake of the Paris Agreement is in the spotlight. It should be recalled that this process of reviewing the overall progress in achieving climate goals should be held every five years and will be finalized for the first time at COP28. The Global Stocktake should determine where countries stand in their climate action, identify gaps, and help to develop solutions to combat climate change jointly.

It is expected that the Global Stocktake decision will summarize key ideas on climate change policy and contain recommendations for Parties to achieve the Paris Agreement goals. On October 4, the UNFCCC Secretariat published Synthesis Report: Views on the elements for the consideration of outputs component of the first Global Stocktake based on the material provided by the Parties and Observers.

The full overview of the COP28’ key agenda issues and negotiation process by the ICLRC is available here.