The COP 28 delivered five major decisions, focusing on the reduction of fossil fuel usage, establishing loss and damage funds, promoting renewable energy and transition fuels, the decarbonization of the oil and gas industry, and the execution of a global stocktake. Hanns Seidel Foundation (HSF) supported the Directorate General for Climate Change Control (DJPPI) of the Indonesian Ministry of Environment and Forestry (MoEF) to attend and to conduct side-events of the conference.
The first year of collaboration between HSF and MEF culminated in a joint mission to COP 28 in December 2023 in Dubai. HSF supported MoEF during the event by enabling the participation of selected members of the Directorate General for Climate Change Control (DJPPI) during the COP. HSF further collaborated with DJPPI during the conduction of side events at the Indonesian pavilion. These events served as a platform for showcasing Indonesia's best practices in combating climate issues through collaboration with various institutions, organizations, and individuals globally. The results of HSF's cooperation with the Ministry of Environment and Forestry were prominently featured. Key events included reflections on Indonesia’s ASEAN chairmanship through the ASEAN joint statement on climate change, community-based climate action strategies, and the implementation of Indonesia’s Standard for Carbon Market.
During COP, the Indonesian government safeguarded its interests in key areas like mitigation, adaptation, and climate change resources during the discussions on transparency and the global stocktake. However, a consensus on bilateral and centralized international carbon markets under Article 6 of the Paris Agreement remains elusive, setting the stage for further deliberations at COP 29 in Azerbaijan.
The conference's outcome included an agreement from around 200 countries to reduce reliance on fossil fuels, thereby mitigating the impacts of climate change. A notable achievement was the pledge of US$700 million in loss and damage funds to assist countries vulnerable to climate disasters. Additionally, 118 countries committed to tripling renewable energy capacity and doubling global energy efficiency by 2030, acknowledging the transitional role of fuels like liquefied petroleum gas. Over 50 national and international oil companies, accounting for approximately 40% of global production, signed a decarbonization charter. The global stocktake, a critical element in assessing progress towards climate goals, was also finalized. However, challenges persist in encouraging countries to amplify their emission reduction commitments to stay within the 1.5°C warming limit.
HSF Indonesia's active participation and contributions at COP 28 underline its commitment to collaborate with DJPPI in fostering sustainable environmental practices and facilitating international cooperation to combat climate change.