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LatestGoods & Service Tax (GST) 7 July 2026

Global Stocktake Enters Delivery Phase

The global stocktake has entered its delivery phase, with Bonn SB64 signaling the beginning of a process laying the groundwork for GST 2.0, set to impact Japan, Korea, and the road to COP33. This development marks a significant step forward in the global effort to address climate change, with GST 2.0 aiming to enhance the implementation of the Paris Agreement.

The global stocktake has entered its delivery phase, with Bonn SB64 signaling the beginning of a process laying the groundwork for GST 2.0. This development marks a significant step forward in the global effort to address climate change.
Key points of the global stocktake include:
- The beginning of a process laying the groundwork for GST 2.0
- Impact on Japan, Korea, and the road to COP33
- Enhancement of the implementation of the Paris Agreement
The global stocktake is a crucial component of the Paris Agreement, aiming to assess the collective progress of countries towards the agreement's goals. With GST 2.0 on the horizon, countries are gearing up to enhance their climate actions and implement more ambitious measures to reduce greenhouse gas emissions.

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