Submission for the First Global Stocktake Submitted by: Nationally Determined Contributions (NDCs) Working Group, YOUNGO, Care About Climate

Submission for the First Global Stocktake
Submitted by: Nationally Determined Contributions (NDCs) Working Group, YOUNGO
Shamielah Reid, Shreya K.C., Birendra Rai
Executive Summary
The science is clear. The impacts of the climate crisis are already severe and will continue to
grow if ambitious andconcertedactionsarenottakennow.Thedifferencebetweenthe1.5and
2-degree Celsius is a difference between life and death for people living at the forefront ofthe
climate emergency, especially in the least developed countries, small island developing
countries, and African states. The latest report of the IPCC on Impacts, Adaptation &
Vulnerability has pronounced it even louder. Even if countries meet both conditional and
unconditional targets of their nationally determinedcontribution(NDCs)of2030,theprojected
warning is 2.4 degrees Celcius and warming may rise to 1.8 degrees Celcius by 2100 even if
countries meet their long-term net-zero promises. Thisclearlyshowswearenotonthetrackof
achieving the long terms of the Paris Agreement.
The IPCC special report on 1.5C and the International Energy Agency’s net-zero emissions
pathway both suggest more rapid cuts in coal use are needed to stay below 1.5C, relative to
what is required of oil and gas – buttheuseofallthreewillneedtobecut.Fossilfuelusemust
be phased out immediately and prioritize on renewable and clean energy sources.
Rich nations pledged in 2009 to give developing countries $100 billion a year (which is only a
drop of what is required and does not match the true need of the global south countries) to
help deal with the climate crisis, but the target date was pushed backto2023atthebeginning
of the COP26 summit. This has only limited the climate progress and breakdown of the trust
between the parties.
UNEP adaptation gap report suggested adaptation costs “in developing countries alone” could
reach $140-300bn in 2030, which echoes language in the Paris Agreement urging a “balance
between adaptation and mitigation” finance. Extreme weather events and unimaginable
destructions throughout the world are clear proof there is more we should do other than
mitigation andadaptationi.e.,recognizeandcompensateforlossanddamage.Therehavebeen
estimations that have placed the costs of loss and damage at $300-700bn by 2030, rising to
$1.2tn per year by 2060. Huge climate finance is required to implement the scale of action
demanded by the urgency of the climate crisis.

The global stocktake is a vitalcomponentoftheParisAgreement.Itshouldidentifyandaddress
the gaps that limit the achievement of the long-term goals of the Paris Agreement by keeping
human rights, inclusion, and just transition at its heart.
Adaptation
Enabling Action
● Place adaptation on an equal footing to mitigation in terms of climate finance
● Enabling sustained engagement of multiple stakeholders across various levels
● Put local people’s knowledge, culture, experiences and stories at the center of
adaptation programs
● Support countries to implement the local and national adaptationplansandtrackthe
success
● Create a delivery plan to double the adaptation finance from 2019 levels by 2025 as
promised at COP26
● Have a clear definition on climate finance including adaptation finance which should
clearly note that it should not come as a form of the loan nor with any strings attached
● Facilitating community participation, especially of vulnerable groups, in natural
resource management and adaptation programs
Capacity Building