COP28 UAE

The COP28 Presidency congratulates the Philippines on its election as host country for the Board of the Fund for Responding to Loss and Damage. This is another important milestone in the Board’s mission to deliver on its mandate for the fund to be fully functioning by COP29. The COP28 Presidency continues to call for immediate action and implementation of a robust framework to support those most vulnerable to the effects of climate change. We call on all Parties to fulfill the financial pledges they made at COP28 to ensure we have a robust fund that delivers lasting, positive, socio-economic impact. #COP28 #UAEConsensus #LossAndDamage

Commenting on the International Renewable Energy Agency (IRENA)’s Renewable Energy Statistics 2024, COP28 President Dr. Sultan Al Jaber stressed the need to increase the pace and scale of development to meet the global goal of tripling renewable energy capacity by 2030, adding: “this moment provides a significant opportunity to add strong national energy targets in NDCs to support the global goal of keeping the 1.5°C target within reach. Above all, we must change the narrative that climate investment is a burden to it being an unprecedented opportunity for shared socio-economic development.” Read the report: https://lnkd.in/dZtNbxdS #COP28 #UAEConsensus

The COP28 Presidency tasked world-leading economists from the Independent High-Level Expert Group (IHLEG) to help develop and put forward policy options and recommendations to encourage and enable the investment and finance necessary to drive ambition and deliver on commitments. This work contributed to the development of The Global Climate Finance Framework, which aims to position climate investments as an unprecedented opportunity for economic growth and shared prosperity.    Learn more: https://lnkd.in/deEPCQ6j #COP28 

Parties made history on Day One at COP28 by operationalizing the loss and damage fund and funding arrangements after 30 years of negotiations. This outcome reflected global solidarity among Parties in support of developing countries vulnerable to climate impacts. The Second Board Meeting of the Fund for Responding to Loss and Damage is underway in Songdo, Republic of Korea, as the earliest recorded category 5 hurricane, Beryl, has left a trail of devastation across the Caribbean, marking the strongest hurricane at the start of the season in recorded history. The COP28 Presidency welcomes the Republic of Korea’s $7 million pledge to the Fund, and continues to encourage parties to scale and deliver new pledges. We must sustain and build on the momentum from COP28 to ensure that the Loss and Damage Fund is open for business by COP29, and ready to support those who need it most. #COP28 #UAEConsensus #LossAndDamage

The Global Decarbonization Accelerator (GDA) is a set of initiatives aimed at accelerating the transition to cleaner energy and reducing global emissions. It addresses both energy demand and supply, informed by input from international organizations, governments, NGOs, and industry CEOs. Learn more:  https://lnkd.in/gnXzBPQb #COP28

I'm happy to highlight the Mohamed bin Zayed Species Conservation Fund's announcement regarding the selection of ELATIA to lead the Global Data Study on Indigenous Peoples' Climate Contributions. This study is vital for understanding and supporting the indispensable role Indigenous Peoples play in global climate efforts. The findings will help shape future strategies for enhancing financial access and support to Indigenous communities. Please read more about this transformative project on the MBZ Fund's website.

Ambassador Majid Al Suwaidi, COP28 Director-General, met with Andrew Steer, President and CEO of the Bezos Earth Fund, on the sidelines of the London Climate Action Week. They discussed the implementation of nature and food systems outcomes at COP28, and the role of philanthropies in driving positive climate action. #COP28 #UAEConsensus #LCAW2024

UN Climate Change High-Level Champion for COP28, Razan Al Mubarak has been appointed the Co-Chair of the Taskforce on Nature-related Financial Disclosures (TNFD). In this role, she will support TNFD's mission to integrate financial and environmental reporting more effectively, as well as empower businesses and financial institutions globally to understand and manage their environmental impacts conscientiously. Read more: https://lnkd.in/dH-yGvzF #COP28

Ambassador Majid Al Suwaidi, COP28 Director-General, participated in a session at the Climate Innovation Forum on “Turning COP28 Commitments into Action”. During the discussion, he highlighted the climate finance gap, the importance of de-risking, and mobilizing private finance into emerging markets and developing economies. He also explained the role of ALTERRA in achieving these goals and the need to move from commitment to implementation on the UAE Consensus. #COP28 #UAEConsensus #LCAW2024

I am honored to share that I have been appointed as the Co-Chair of the Taskforce on Nature-related Financial Disclosures (TNFD). This role is both a significant responsibility and a meaningful opportunity to contribute further to environmental and financial sustainability across the globe. Alongside David Craig and our team, I aim to drive the TNFD's mission to integrate financial and environmental reporting more effectively. Our goal is to empower businesses and financial institutions worldwide to understand and manage their environmental impacts conscientiously. The insights from COP28 UAE reinforce our need to intertwine our climate objectives with our stewardship of nature. In this new role, I am committed to helping shape a framework where economic decisions reflect the value of our natural world. I am grateful for your support and look forward to engaging with many of you on this vital journey. Together, let's place sustainability at the forefront of our financial and environmental decision-making.