The Global Stocktake 2023

Despite the climate crisis impacting countries across the world with increasing frequency and force, global greenhouse gas emissions are at an all-time high, rebounding from the pandemic dip with a 6.4% increase and surpassing the pre-pandemic peak. The first global stocktake of the Paris Agreement set for 2023, is therefore critical in determining where we are, where we want to be, and how we will get there. With this in mind, the NUS Centre for International Law (CIL) in partnership with Durham University, Centre for Sustainable Development Law and Policy (CSDLP), with the support of the United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, are organizing a two-part workshop series that will explore in-depth and over a time continuum, the sources of input, methodologies, and assumptions used to aggregate the four synthesis reports for the technical assessment component of the first global stocktake. The goal of these workshops is to understand how the global stocktake unfolds as a robust, inclusive and comprehensive process that will result in enhanced ambition and accelerated implementation of climate action in line with the goals of the Paris Agreement.

Second workshop: 

The second Workshop focused on the global stocktake as a new international law procedure under the Paris Agreement. It explored the current design of the global stocktake with a specific focus on the technical assessment phase, and how this phase will identify opportunities for enhancing action and collective progress. How can the outcomes of the global stocktake inform NDCs, procedurally and substantively, and to which extent can financial instruments be used to support the transposition into domestic measures? Parties indicated in their submissions that the availability of market instruments will be one of the conditions for enhanced ambition. With the adoption of the Article 6 Rulebook at COP26/CMA3, the second workshop will also examine how Article 6 could enhance ambition in the process of informing the next round of NDCs. These best practices could be utilised to implement the outputs of the GST.

Please find the workshop recording below: