DTE Diary: Our daily account of what happened at COP28

Though $550 million is good to start up the LDF on its first day, it is far short of the billions required to actually address the needs of vulnerable communities in the Global South
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A draft text of the GST outcome was released and is currently being negotiated
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Over $12 billion pledged for Green Climate Fund; 118 countries commit to tripling renewable and double energy efficiency by 2030
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Negotiations on the Global Goal on Adaptation still stuck, informal consultations on next steps for NCGQ continue
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New Global Stocktake text to be published December 5, World Bank announces 5 new initiatives
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Last round of GST negotiations expected on December 6; green public procurement pledge launched
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Ecuador negotiator talks about challenges to consolidate unified position on Global Goal on Adaptation; Spain minister calls for enlarging base of climate finance contributors
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CSE moderated a side event on Trade and Fiscal Space hosted by UNCTAD
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The Netherlands heads a joint ministerial statement on phasing out fossil fuel subsidies; massive global build-out of liquified natural gas flagged
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Parties still not on same page about responsibilities in GST text; final texts on carbon market expected December 11
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No consensus among Parties over negotiating text on global carbon market
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