- Greater than 1,000 non-public sectors leaders convene to align {industry}, finance, and nation roadmaps to speed up the achievement of local weather targets
Notice to Editors: The next press launch was distributed on November 30, 2023 at 23:30 on the COP28 UAE web site (Media Hub tab).
DUBAI, United Arab Emirates, Dec. 1, 2023 /CNW/ — For the primary time on the United Nations Framework Conference on Local weather Change’s (UNFCCC) Convention of the Events (COP), the COP28 Presidency of the United Arab Emirates has launched the inaugural COP28 Enterprise and Philanthropy Local weather Discussion board, convening greater than 1,000 CEOs and philanthropists from over 80 nations. The Discussion board is being held alongside the World Local weather Motion Summit.
The Discussion board launched on November 30 with a high-level reception, which was hosted by the COP28 Presidency and the Sustainable Markets Initiative, within the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Majesty King Charles III.
The Discussion board represents a paradigm shift within the COP course of. With its strengths in low-carbon options and innovation, supply and international networks, the non-public sector has – and continues – to speculate trillions of {dollars} into the transition. With the target of shifting past commitments, the COP28 Enterprise and Philanthropy Local weather Discussion board will showcase international industry-by-industry supply along with alternatives to speed up, replicate, and scale, significantly within the International South.
Non-public sector actors will be a part of heads of state and authorities to give attention to showcasing non-public sector progress and joint supply.
H.E. Dr. Sultan Al Jabar, COP28 President, mentioned “For the primary time at a UNFCCC COP, and in step with the imaginative and prescient of the UAE, the worldwide non-public sector has a seat on the desk on the primary day of COP28. No single get together has all of the options, and COP28 should bridge the belief hole between North and South, East, and West, and construct a platform for motion by way of partnership. That is what the Enterprise and Philanthropy Local weather Discussion board represents.”
Badr Jafar, Chair of the Discussion board and COP28 Particular Consultant for Enterprise and Philanthropy, mentioned “There isn’t any time to waste, and no want to attend. The Enterprise and Philanthropy Local weather Discussion board showcases over 20 main actions that CEOs and philanthropists can take now demonstrating accessible methods for personal sector leaders to maneuver past pledges and declarations and into motion and implementation in methods which can be suited to their capabilities and competencies.”
Jennifer Jordan-Saifi, CEO of the Sustainable Markets Initiative, mentioned “Constructing on the imaginative and prescient of our founder, King Charles III, and the momentum of the Sustainable Markets Initiative’s CEO summits at COP26 and COP27, the COP28 Enterprise and Philanthropy Local weather Discussion board’s objective assertion amplifies calls from the non-public sector to be on the desk for all future UNFCCC COPs. It’s time for a complete new mannequin—one centered on real-world supply and accelerated outcomes.”
The Sustainable Markets Initiative is the Strategic Companion for the inaugural Discussion board. Different Discussion board supply companions embody the Worldwide Finance Company (IFC), the Organisation for Financial Co-operation and Improvement (OECD), World Financial Discussion board (WEF), Asian Improvement Financial institution (ADB), Africa Finance Company, Invoice & Melinda Gates Basis, Inter-American Improvement Financial institution Group (IDB Make investments), World Enterprise Council for Sustainable Improvement (WBCSD), and XPRIZE.
Different organizations collaborating within the November 30 reception and in addition on the COP28 Enterprise and Philanthropy Local weather Discussion board on December 1 and a pair of embody: UNFCCC, Meals and Agriculture Organisation, Worldwide Telecommunication Union, World Well being Organisation, Worldwide Civil Aviation Organisation, UN Workplace of Outer House Affairs, Asian Infrastructure Funding Financial institution, Caribbean Improvement Financial institution, African Improvement Financial institution, Islamic Improvement Financial institution, Worldwide Financial Fund, and World Commerce Organisation.
The Enterprise and Philanthropy Local weather Discussion board’s Goal Assertion (Full Assertion right here):
The UN Council for Commerce and Improvement estimated that $4 trillion is required yearly to satisfy local weather and biodiversity targets. To ship, the COP28 Enterprise and Philanthropy Local weather Discussion board commits to:
- Supporting an annual Enterprise and Philanthropy Local weather Discussion board alongside the world leaders’ summit at each UNFCCC COP till not less than 2030. This Discussion board will function the inspiration for the non-public sector to: improve alignment of {industry}, finance and nation roadmaps; conduct an annual industry-by-industry evaluation on progress; and, elevate the bar on ambitions, together with alignment with science-based targets.
- Participating in non-public sector diplomacy and the creation of revolutionary non-public sector mechanisms to assist cross-border transition efforts, together with blended finance and commerce devices.
- Demonstrating the ethical braveness required as decision-makers to boldly lead the transition to a sustainable, simply, and affluent future.
- Adopting an genuine sustainable orientation, embedding sustainability in enterprise fashions, choices, and actions.
- Investing in sustainability-aligned analysis, improvement, commercialization, know-how, and innovation alongside youth and supporting the inexperienced, sustainably centered jobs of the long run.
- Aligning nation, {industry}, and monetary roadmaps. Transferring collectively, create efficiencies and economies of scale that may allow collective progress and speed up sustainable transitions.
- Showcasing game-changing entrepreneurs, applied sciences and options which can be rising world wide. On the similar time, take away limitations which can be impeding progress in deployment and scale-up of those applied sciences.
- Bringing sustainable markets from area of interest to norm by reimagining mandates, venture pipelines, monetary structuring, and fashions of return. On this manner completely new sustainable industries, merchandise, companies, and provide chains could be created, whereas in parallel serving to to transition and remodel present methods to a extra sustainable trajectory.
- Constructing conservation and nature-based options into the asset base, provide chains, and disclosures.
- Addressing market challenges and serving to reorient financial subsidies, monetary incentives, and laws in assist of world local weather, biodiversity, and UN SDG targets throughout all industries.
- Adopting frequent requirements, metrics, working definitions and traceability inside, and wherever potential, throughout industries.
To study extra in regards to the COP28 Enterprise and Philanthropy Discussion board programming and occasions, please go to the www.bpcforum.org
Pictures might be obtainable by way of the UNFCCC Flickr web page: https://www.flickr.com/photographs/unfccc
About Enterprise & Philanthropy Discussion board
Beneath the chairpersonship of the COP28 Particular Consultant for Enterprise and Philanthropy, Badr Jafar, the primary of its type Enterprise & Philanthropy Local weather Discussion board (BPCF), runs alongside the COP28 World Local weather Motion Summit with Heads of State and Authorities from 1-2 December 2023 within the Blue and Inexperienced Zones.
Learn extra: www.bpcforum.org
Notes to Editors COP28 UAE:
- COP28 UAE will happen at Expo Metropolis Dubai from November 30-December 12, 2023. The Convention is predicted to convene over 70,000 members, together with heads of state, authorities officers, worldwide {industry} leaders, non-public sector representatives, lecturers, consultants, youth, and non-state actors.
- As mandated by the Paris Local weather Settlement, COP28 UAE will ship the primary ever International Stocktake – a complete analysis of progress towards local weather targets.
- The UAE will lead a course of for all events to agree upon a transparent roadmap to speed up progress by way of a practical international power transition and a “go away nobody behind” method to inclusive local weather motion.
Learn extra: www.cop28.com
Concerning the Sustainable Markets Initiative
Based by His Majesty King Charles III in 2020, as Prince of Wales, the Sustainable Markets Initiative has develop into the world’s ‘go-to’ non-public sector organisation on transition. Launched in 2021, the Terra Carta serves because the Sustainable Markets Initiative’s mandate with a give attention to accelerating constructive outcomes for Nature, Folks and Planet by way of actual economic system motion. Learn extra: www.sustainable-markets.org
Picture – https://mma.prnewswire.com/media/2290681/BPCF_Royal_Reception_at_COP28.jpg
SOURCE COP28 Presidency of the United Arab Emirates (Enterprise and Philanthropy Local weather Discussion board) and Sustainable Markets Initiative
For additional data: COP28, Enterprise and Philanthropy Local weather Discussion board: [email protected] | Sustainable Markets Initiative: Media enquires: [email protected]
