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A pivotal COP28 ahead and why it matters
Canada’s Minister of Environment and Climate Change, Steven Guilbeault, is currently traveling to participate in the 7th Ministerial on Climate Action on the road to COP28. He will be co-hosting the 7th Ministerial on Climate Action (MoCA7) alongside the European Union and China, on July 13 and 14, 2023, in Brussels, Belgium. Minister Guilbeault is expected to make a significant announcement regarding climate financing.
The Climate Conference of the Parties (COP) is the most prominent annual summit which is organized by the United Nations under the leadership of a rotating selected country. Last year it was organized by Egypt, and in the previous year by the United Kingdom. The conference has been held annually since the first United National climate agreement in 1992. This summit is used by governments and other key stakeholders to agree on policies to limit global temperature rises and adapt to impacts caused by climate change and variability.
One of the most important recent COP summits was the COP15 that was held in Paris in 2015 and which resulted in the Paris Climate Agreements. This is a legally binding agreement with the overarching goal to limit the increase in the global average temperature to below 2°C above pre-industrial levels and promote investment to limit the temperature increase to 1.5°C above pre-industrial levels. This general…
