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COP28: Finance

Find our materials here for COP28: Finance Day.

If you are looking for information regarding a specific day, check our COP28 homepage.

COP28 will prioritise three fundamental elements: amplifying efforts, enhancing accessibility, and
improving affordability in the context of climate action. This involves instating reforms within the international financial system, facilitating the provision of augmented concessional support, fostering
the growth of sustainable finance markets, and reinforcing voluntary carbon markets.

These solutions will encompass activities in both financial and carbon markets, involving contributions from UAE institutions, international partners, IFIs, and philanthropies. The collaborative efforts, building upon actions within and outside the UNFCCC process, seek to generate new financial resources
dedicated to climate transition, particularly in developing economies. These initiatives serve as a
model, illustrating the necessary structural adjustments in climate finance to effect substantial and transformative change.

 

COP28: UK to protect global supply of food and water

COP28: UK to protect global supply of food and water

At COP28, on the Food, Agriculture and Water Day the UK announced they were supporting the protection of global food and water supplies. Through this support the UK, alongside the World Bank, hopes to increase the climate resilience of farmers globally. Especially...

COP28: Plans to protect nature

COP28: Plans to protect nature

COP28 saw a large amount of support for new plans to protect the planet, its ecosystems, and wildlife.This year’s COP28 events has seen an increased amount of support for plans to protect nature, including from indigenous communities and conservation groups. One of...

COP28: £70 million boost for UK electric vehicle chargers

COP28: £70 million boost for UK electric vehicle chargers

Transport Day at COP28 saw the announcement from the UK that £70 million will be used to increase the number of electric vehicle chargers. At COP28 on Wednesday the 6th of December, the UK Government has launched a new pilot scheme, worth £70 million. This scheme is...

COP28: Joint Outcome Statement on Urbanization and Climate Change

COP28: Joint Outcome Statement on Urbanization and Climate Change

At COP28, the Multilevel Action, Urbanisation and Built Environment Daytook place on Wednesday the 6th of December 2023. A statement, titled the ‘Joint Outcome Statement on Urbanization and Climate Change’ was the centre of discussions at COP28, at its Multilevel...

COP28: Renewable energy to triple by 2030

COP28: Renewable energy to triple by 2030

At COP28, over 100 countries agreed to triple their renewable energy capacity. Discussions during the Energy and Industry Day at COP28, has led to over 100 countries from around the world agreeing to work towards tripling the capacity of their renewable energy to...

COP28: UK announces Climate Aid

COP28: UK announces Climate Aid

At COP28, the UK and World Bank announced an initiative that will see billions of pounds being put towards the global transition to Net Zero.Over the next decade the UK will work alongside the World Bank to provide billions of pounds of climate aid to help accommodate...

COP28: Green Climate Fund reaches a record

COP28: Green Climate Fund reaches a record

COP28 held its Finance Day on Monday the 4th of December (2023), the foreign governments and organisations in attendance pledged donations that have reached a record in regards to funding. The meetings and events on finance were opened by Simon Stiell, who is the...

COP28: Loss and Damage Fund

COP28: Loss and Damage Fund

During the Relief, Recovery and Peace Day of COP28, over $400 million has been pledged to help those affected by climate disasters. The final details to begin the start up phase of this fund were discussed at COP28, after several meetings throughout the year. COP28...

COP28: Declaration on Climate, Recovery, Relief and Peace

COP28: Declaration on Climate, Recovery, Relief and Peace

COP28 has announced its Declaration on Climate, Recovery, Relief and Peace. During COP28’s thematic day for Relief, Recovery and Peace, the first within 28 years, a new declaration has been released that will ultimately work towards helping countries and their...

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