The History of Climate Talks: From Arrhenius to COP28 in UAE
As the world’s leading investment manager and financial market journalist, I bring you the most comprehensive breakdown of the history of climate talks from the 1800s to the present day. From Svante Arrhenius’s groundbreaking calculations on the effects of doubling atmospheric CO2 levels to the formation of the Loss and Damage Fund at COP27 in Egypt, we have witnessed significant milestones in the fight against global warming.
In 1992, the Rio Earth Summit saw the signing of the UNFCCC, laying the groundwork for future climate agreements. Fast forward to 2015, and the historic Paris Agreement set ambitious emissions targets for both developed and developing countries, with a goal of limiting global warming to 1.5 degrees Celsius.
In 2021, newly elected US President Joe Biden’s decision to rejoin the Paris Agreement marked a turning point in global climate action. And at COP26 in Glasgow, the Glasgow Pact outlined strategies to reduce coal usage and establish rules for trading carbon credits.
Looking ahead to COP28 in the UAE, countries are set to agree on transitioning away from fossil fuels, signaling a shift towards a more sustainable future. However, the recent warnings from the Intergovernmental Panel on Climate Change about catastrophic and irreversible climate change serve as a stark reminder of the urgent need for action.
In conclusion, the history of climate talks reflects a journey of progress, setbacks, and renewed commitments to combatting global warming. As individuals, we must stay informed, advocate for change, and support initiatives that prioritize environmental sustainability. Our collective efforts today will shape the world we leave for future generations.