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The Pact includes New Collective Quantified Goal (NCQG) on Climate Finance, the Global Goal on Adaptation, and Sharm el-Sheikh mitigation ambition and implementation work programme.
Key Highlights of the Pact
- NCQG on Climate Finance: Provides a new finance goal to help countries to protect their people and economies against climate disasters, and share in the vast benefits of the clean energy boom.
- Global Goal on Adaptation
- Baku Adaptation Roadmap: For advancing implementation of adaptation action in line with Article 7 of the Paris Agreement.
- Article 7, paragraph 1: Establish the global goal on adaptation of enhancing adaptive capacity with a view to contributing to sustainable development.
- Recognizes both incremental and transformational adaptation approaches: For protecting the well-being of people, and for implementing the UAE Framework for Global Climate Resilience.
- Baku Adaptation Roadmap: For advancing implementation of adaptation action in line with Article 7 of the Paris Agreement.
- Sharm el-Sheikh mitigation ambition and implementation work programme
- No ‘one size fits all’ approach: Owing to the diversity of national and local circumstances.
- Collaboration: Between cities, subnational authorities, local communities and national Governments on mitigation actions.
- Discussion for creation of a digital platform: To facilitate implementation of mitigation actions.
