- “The world needed to find a new way. By following our North Star, we have found that path,” said COP28 President, Dr. Sultan Al Jaber during his closing speech, “We have worked very hard to secure a better future for our people and our planet. We should be proud of our historic achievement.”
- COP28 has concluded with a final consensus that lays out an ambitious response to the Global Stocktake and puts forward a plan to close the gaps to 2030. It calls on Parties to transition away from fossil fuels to reach net zero, encourages them to submit economy-wide Nationally Determined Contributions (NDCs), includes a new specific target to triple renewables and double energy efficiency by 2030, and builds momentum behind a new architecture for climate finance.
- The COP28 Presidency took bold and decisive steps to deliver beyond the negotiated text through its ‘Action Agenda,’ which spans the four pillars of the Paris Agreement: fast tracking a just and orderly energy transition; fixing climate finance to make it more available, affordable, and accessible; focusing on people, nature, lives and livelihoods; and fostering full inclusivity in climate action.
- COP28 has mobilized over $85 billion in funding for climate action, secured a historic agreement on Loss and Damage, advanced the Global Goal on Adaptation (GGA) and overseen breakthrough agreements on the energy transition.
- This has been the most inclusive COP to-date, ensuring all voices could participate in the process.
Thẻ: Climate actions
Corporate Climate Action: Analyzing the Recent Surge of Climate Commitments
RMI.org
RMI analyzes what this increase in corporate commitments means and introduces a new tool to measure impact.
November 29, 2023 By James Newcomb, Adefunke Sonaike, Daan Walter, Laurens Speelman
On the eve of the UN Climate Change Conference (COP28), the media buzz about corporate climate action is decidedly mixed. Optimism about the growing numbers of companies setting climate goals is tempered by disappointing news about the pace of many companies’ actions to achieve their goals. We are still creating new structures and systems to guide corporate climate action and working through challenges as these systems mature. Beneath the surface, however, there are encouraging signals. Strong systemic forces are inexorably driving more companies to report greenhouse gas emissions, set independently verified climate action targets, and implement strategies to achieve these goals.
RMI is creating new tools and methods, still under development, to better analyze the potential implications of corporate climate action. In this article, we assess recent developments across this landscape, including preliminary analysis from the Corporate Commitments and Emissions Explorer (Corporate Explorer), a new online tool that allows users to explore sectoral emissions targets and actions.
CVD 