Which important assessment process was concluded for the first time at COP28?

Correct answer: Global Stocktake. COP28 concluded the first Global Stocktake under the Paris Agreement.

Background: The Global Stocktake assesses collective progress towards the Paris Agreement's long-term goals, covering mitigation, adaptation and means of implementation such as finance and technology.

• Kyoto Review: The Kyoto Protocol is a separate treaty, and this is not a COP28 process.
• Montreal Protocol Review: The Montreal Protocol deals with ozone-depleting substances, not the climate Global Stocktake.
• Carbon Tax Assessment: No such assessment process exists under the UNFCCC.

Did you know? The Global Stocktake is repeated every five years.

Memory trick: Stocktake = take stock of progress.