Takeaways From The Summit of The Future

World leaders concluded the United Nations Summit of the Future by adopting the Pact for the Future, which includes key commitments like the Global Digital Compact and the Declaration on Future Generations. In line with Secretary-General António Guterres' call for systems built for future needs rather than the past, the Pact addresses today's global challenges and future uncertainties.

In Part 11 of the Pact, leaders emphasize accelerating commitments under the UNFCCC and the Paris Agreement. They pledge to strengthen climate action, notably tripling renewable energy capacity and doubling energy efficiency by 2030. The Pact also underscores the importance of transitional fuels for energy security and urges ambitious nationally determined contributions (NDCs) from all nations to meet the 1.5°C target. A significant goal is setting a New Collective Quantified Goal (NCQG) on climate finance of at least $100 billion at COP29, along with reforms to the international financial system to better support climate action in developing countries.