Ursula von der Leyen welcomes successful conclusion of COP28 UN Climate Conference

“I welcome the successful conclusion of the COP28 UN Climate Conference and the first Global Stocktake of the Paris Agreement,” President of the European Commission Ursula von der Leyen said in a statement, Report informs.

According to her, the multilateral agreement to accelerate emission reductions towards net zero by 2050, with urgent action in this critical decade, is good news for the whole world: “This includes an agreement by all parties to transition away from fossil fuels. We have agreed on reducing global emissions by 43% by 2030.”

“We stand ready to do more, and we know that more must be done. For example, COP28 has also been the opportunity to discuss carbon pricing with other Parties, so that more countries start to put a price on pollution. And we have also been able to lay the ground for broader financial reforms, new innovative sources of funding, and aligning all financial flows with the Paris Agreement,” Ursula von der Leyen stressed.

Note that Baku will host the COP29 UN Climate Conference in 2024.