What is COP28 and why does it matter?

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For almost three decades, world governments have met nearly every year to forge a global response to the climate emergency.

Article originally published by The Guardian. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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29 Nov 2023

Under the 1992 UN framework convention on climate change (UNFCCC), every country is treaty-bound to “avoid dangerous climate change” and find ways to reduce greenhouse gas emissions globally in an equitable way.

Cop stands for conference of the parties under the UNFCCC, and the annual meetings have swung between fractious and soporific, interspersed with moments of high drama and the occasional triumph (the Paris agreement in 2015) and disaster (Copenhagen in 2009). This year is the 28th iteration, and promises to be a difficult follow-up to last year, when developing countries celebrated victory on key issues of climate finance.

The conference will be hosted by the United Arab Emirates in Dubai, with the official start 30 November. World leaders will attend a segment known as the world climate action summit on 1 and 2 December, then leave their high-ranking officials to get on with the substance of the negotiations. The