COP28, the 28th Conference of the Parties, is a pivotal event in the global climate action calendar, set to take place
from November 30 to December 12, 2023, in Dubai.
This conference represents a critical juncture in the fight against climate change, offering a crucial opportunity
for nations to come together and reaffirm their commitment to tackling this global crisis.
We provide a snapshot of the focus areas we can expect to feature as priorities on the agenda, followed by analysis on expectations below.
Snapshot of Key Focus Areas
● Global Stocktake
The first-ever global stocktake is set to conclude at the UN Climate Change Conference (COP28) at the end of this year. The global stocktake is a process for countries and stakeholders to see where they’re collectively making progress towards meeting the goals of the Paris Climate Change Agreement.
Governments will take a decision on the global stocktake at COP28, which can be leveraged to accelerate ambition in their next round of climate action plans due in 2025.
● Transitioning to Clean Energy
A major focus is on fast-tracking the energy transition and slashing emissions to limit global warming to 1.5° C above pre-industrial levels, as outlined in the Paris Agreement.
● Centering Nature, People, Lives & Livelihoods
This involves putting nature, people, lives, and livelihoods at the heart of climate action and helping vulnerable
communities adapt to the change that’s already occurring.
● Delivering on Finance
Addressing the shortfall in the promised $100 billion annual support for climate efforts in low-income countries will be
a top agenda item, focusing on funding adaptation and mitigation measures.
● Investing in Renewable Technologies
COP28 will be heavily focused on promoting further adoption of renewable technologies. It sets an ambition to triple global renewable power capacity to 11,000 GW and double energy efficiency by 2030. Greening the Islands is among the supporters of the campaign launched by the Global Renewables Alliance.
COP28 is seen as an opportunity to push for regulations and policies that not only encourage sustainability but also incentivise the adoption of clean technologies for islands.
Finance is set to be at the heart of COP28, with a special focus on a loss and damage fund to countries vulnerable to
climate change. During COP28, an agreement is expected to be reached on how much money will go to a new Loss and Damage Fund. It is intended to pay for the costly consequences of extreme weather events.
With economists saying that around $1 trillion per year is needed to support developing countries in their fight
against climate change, this will be one of the most contentious issues at COP28.
Central to the conference is also the forging of innovative partnerships, bringing together governments, NGOs, and private sector entities to develop and scale innovative climate solutions.