Navigating the climate challenge: A glimpse
into COP28

In the face of an escalating climate crisis, harnessing technology for emissions reduction has never been more urgent. This and other pivotal issues will be driving the agenda for the upcoming COP28. Get up to speed on the key topics being discussed.

The United Nations Annual Climate Change Conference, COP28, will take place in Dubai from 30 November to 12 December. This global congregation provides a forum for leaders, policymakers, scientists, and businesses worldwide to converge, fostering the exchange of knowledge and strategies aimed at collectively addressing the pressing issue of climate change.

As we navigate the complexities surrounding COP28, the appointment of Sultan Al Jaber, who serves as both the Emirati Minister of Industry and the CEO of the Abu Dhabi National Oil Company (ADNOC), as the COP28 President-Designate has cast a shadow of controversy over the proceedings. The contentious nature of this decision stems from the dual role Al Jaber plays, straddling positions that embody both governmental responsibility, along with corporate leadership within the oil industry, sparking debates about potential conflicts of interest.

 

Reflecting on Previous COPs

Previous COP meetings have achieved significant milestones in climate change legislation, paving the way for international cooperation on emissions reduction. While progress has been commendable, drawbacks such as the pace of implementation and disparities among nations persist. Technological innovation has emerged as a key player in this narrative, driving solutions for a sustainable future.

It is important to reflect on the progress made in previous conferences in order to inform the negotiations at COP28. A notable achievement of COP27 was the creation of the Loss and Damage Fund. This fund, addressing the aftermath of climate change, is a testament to the growing acknowledgment of the disproportionate impacts on vulnerable nations. Out of this, the US saw a huge leap forward with substantial strengthening of long-awaited EPA rules, dramatically cutting emissions from tens of thousands of high polluting wells and pipelines.

Despite this success, COP27 fell short on commitments to reduce greenhouse gas (GHG) emissions when no new measures were introduced. The decisions fell further short with the lack of commitment to phasing out fossil fuels, instead terms such as “phasing down” of unabated coal power were used, pushing further away from goals to reach net zero.

 

Key Topics at COP28

Several critical topics will dominate discussions at COP28:

  • Loss and Damage Fund: The effectiveness of this fund in supporting developing nations remains a central concern. COP28 must address the fund’s operational details and funding mechanisms.
  • Climate Finance: Bridging the gap between commitments and action, COP28 will scrutinise climate finance, ensuring that developed nations fulfil their pledges and promote global equity in the fight against climate change.
  • Fossil Fuels: The thorny issue of phasing out fossil fuels will once again take centre stage. Recent commitments from major players like China and the U.S. to increase clean energy provide a glimmer of hope, but there will be a huge question of whether fossil fuels should be “phased down” or “phased out”.
  • Methane Regulations: More stringent methane regulations may prove to be one of the fastest opportunities to reduce global warming, given that it causes at least a quarter of atmospheric warming yet, is much shorter-lived in the atmosphere.
  • Global Stocktake: The Global Stocktake, a cornerstone of the Paris Agreement, will undergo scrutiny. The inaugural report in October 2023 revealed a stark reality—current efforts are insufficient to meet the Agreement’s goals.

 

COP28 Thematic Days

  • December 1-2: World Climate Action Summit
  • December 3: Health / Relief, Recovery and Peace
  • December 4: Finance / Trade / Gender Equality / Accountability
  • December 5: Energy and Industry / Just Transition / Indigenous Peoples
  • December 6: Multilevel Action, Urbanization and Built Environment / Transport
  • December 8: Youth, Children, Education and Skills
  • December 9: Nature, Land Use, and Oceans
  • December 10: Food, Agriculture and Water
  • December 11-12: Final Negotiations

 

Net Zero, Climate Transition Plans and How Tech is Key

The global shift towards net-zero emissions demands concerted efforts across, many industries. Governments, businesses, and individuals must align their climate transition plans with actionable strategies. While COP negotiations set the stage for international collaboration, it is imperative for businesses to play an active role in achieving their sustainability goals. Technologies such as data management systems empower organisations to gather and analyse dispersed business data, transforming it into actionable insights that guide intelligent, sustainable decisions. AI integration alongside these systems is set to revolutionise the use of ESG software and as sustainability reporting becomes increasingly complex, there is a pressing need for companies to gain deeper insights.

 

How can Position Green help?

At Position Green we help your company get carbon accounting right. Leverage sustainability expertise translated into software features for a clear picture of where you are today, and where you want to be. Take the first step by requesting a free demo with one of our experts.

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