DRILLBITS
Monthly eNewsletter from the IADC

United Nations Hosts Climate Change Convention

From 2 to 15 December, 2018, 197 nations and 14,000 delegates met in Katowice, Poland for the CoP24 session, otherwise known as the Katowice Climate Change Conference. Of primary concern was the completion of guidelines that will operationalize the 2016 Paris Climate Change Agreement. Known as the Katowice Climate Package, the guidelines completed during this session provide information about how each nation will document its domestic climate actions via Nationally Determined Contributions (NDCs) scheme. Other guidance within the guidelines includes:

  • New finance targets to support developing countries – mobilizing $100 billion per year beginning in 2020.
  • How to conduct the Global Stocktake of the effectiveness of climate action in 2023.
  • How to assess progress on the development and transfer of technology

More information and further details on the outcome of CoP24 can be found here.