Parliamentarians play a crucial role in ensuring the future resilience of their countries. The 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change, held in Dubai, UAE in December 2023, marked a significant milestone with the adoption of the “UAE Consensus” and the Global Goal on Adaptation Framework. Despite these positive steps, the Global Stocktake revealed significant gaps in adaptation efforts across sectors and regions. Alarmingly, current adaptation finance flows have decreased by 15%, highlighting the urgency to bridge this gap as we approach COP 29 in【?? ??】 Baku, Azerbaijan, in November 2024, where key decisions regarding the New Collective Quantified Goal for climate finance will be made.
As the deadline looms for meeting the doubling of adaptation finance targets within the remaining year, failing to prioritize adaptation finance risks worsening the adverse impacts of climate change on the most vulnerable communities and undermining progress toward global climate goals. Concerted efforts will be required to fulfill our commitments and expedite adaptation finance to meet the needs of those most affected by climate change as we navigate toward COP 29.
Objectives:
This event brings together members of parliament from across the globe to: