Sustainability Community

Good morning Community!

I thought I'd share a few things that we are seeing in the news today with regards to the most important gathering for the whole humanity – COP28. Boston Consulting Group has a good overview of major outcomes here:

Climate Finance:

• §  The UAE President Mohammed bin Zayed Al Nahyan announced a USD 30 million fund for global climate solutions that aims to attract USD 250 billion of investment by the end of the decade. 
• §  The parties to COP also pledged USD700 million in funding to help lower-income countries cope with the loss and damage caused by climate changed
• §  10 principles to make finance available, accessible, and affordable were launche
• §  Governments will have to work to close the USD 18 trillion investment gap, prioritizing long-term gains over the costs in the short to medium term.<
• §  The private sector will need to engage with regulators and governments to unlock investment and find innovative instruments to make sure the capital reaches the places that need it most. This includes moving beyond the financing of individual projects to a more systematic approach and integrating carbon into decision making and asset valuation.<o:p>

If you are at COP28 now, it would be great to hear from you on what you are finding most interesting and impactful?

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Aya Pariy
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Good morning Community!

I thought I'd share a few things that we are seeing in the news today with regards to the most important gathering for the whole humanity – COP28. Boston Consulting Group has a good overview of major outcomes here:

<o:p></o:p>Climate Finance:<o:p></o:p>

• §  The UAE President Mohammed bin Zayed Al Nahyan announced a USD 30 million fund for global climate solutions that aims to attract USD 250 billion of investment by the end of the decade. <o:p></o:p>
• §  The parties to COP also pledged USD700 million in funding to help lower-income countries cope with the loss and damage caused by climate changed<o:p></o:p>
• §  10 principles to make finance available, accessible, and affordable were launched<o:p></o:p>
• §  Governments will have to work to close the USD 18 trillion investment gap, prioritizing long-term gains over the costs in the short to medium term.<o:p></o:p>
• §  The private sector will need to engage with regulators and governments to unlock investment and find innovative instruments to make sure the capital reaches the places that need it most. This includes moving beyond the financing of individual projects to a more systematic approach and integrating carbon into decision making and asset valuation.<o:p></o:p>

If you are at COP28 now, it would be great to hear from you on what you are finding most interesting and impactful?

Good morning Community!

I thought I'd share a few things that we are seeing in the news today with regards to the most important gathering for the whole humanity – COP28. Boston Consulting Group has a good overview of major outcomes here:

Climate Finance:

• §  The UAE President Mohammed bin Zayed Al Nahyan announced a USD 30 million fund for global climate solutions that aims to attract USD 250 billion of investment by the end of the decade.
• §  The parties to COP also pledged USD700 million in funding to help lower-income countries cope with the loss and damage caused by climate changed
• §  10 principles to make finance available, accessible, and affordable were launched
• §  Governments will have to work to close the USD 18 trillion investment gap, prioritizing long-term gains over the costs in the short to medium term.
• §  The private sector will need to engage with regulators and governments to unlock investment and find innovative instruments to make sure the capital reaches the places that need it most. This includes moving beyond the financing of individual projects to a more systematic approach and integrating carbon into decision making and asset valuation.

If you are at COP28 now, it would be great to hear from you on what you are finding most interesting and impactful?

What a rollercoaster COP28 sounds! Here's a brief summary of the article in Bloomberg:

In an unexpected turn of events at the COP28 summit in Dubai, leaders, led by Sultan Al Jaber, head of the UAE's state-owned oil company, reached the world's first-ever agreement to move away from fossil fuels. Negotiations faced significant hurdles, including resistance from Saudi Arabia and OPEC against reducing fossil fuel production. Al Jaber, who had to contend with allegations regarding his lobbying intentions, released a draft proposal that drew widespread criticism for its weak language. However, dissatisfaction with the draft ultimately brought countries together, leading to intense negotiations and bilateral meetings. Key figures, including John Kerry and Xie Zhenhua, played pivotal roles in bridging gaps, resulting in a final agreement that, while not universally satisfying, allowed for continued use of some natural gas and highlighted carbon capture as a climate solution. The outcome is seen as a diplomatic success for Al Jaber and the UAE, though challenges, such as securing finance for developing countries, remain to be addressed in future climate conferences.

If you joined COP28, here's the discussion to share your thoughts and may be even a few pictures?

Good morning Community!

I thought I'd share a few things that we are seeing in the news today with regards to the most important gathering for the whole humanity – COP28. Boston Consulting Group has a good overview of major outcomes here:

Climate Finance:

• §  The UAE President Mohammed bin Zayed Al Nahyan announced a USD 30 million fund for global climate solutions that aims to attract USD 250 billion of investment by the end of the decade.
• §  The parties to COP also pledged USD700 million in funding to help lower-income countries cope with the loss and damage caused by climate changed
• §  10 principles to make finance available, accessible, and affordable were launched
• §  Governments will have to work to close the USD 18 trillion investment gap, prioritizing long-term gains over the costs in the short to medium term.
• §  The private sector will need to engage with regulators and governments to unlock investment and find innovative instruments to make sure the capital reaches the places that need it most. This includes moving beyond the financing of individual projects to a more systematic approach and integrating carbon into decision making and asset valuation.

If you are at COP28 now, it would be great to hear from you on what you are finding most interesting and impactful?