background image

Controversies versus climate priorities: COP28 global debate insights

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:

🗞️ Driving the news: COP28, the United Nations Climate Change Conference, begins amid controversies 
• A central issue amidst these concerns is the underrepresentation of non G-20 countries, particularly those most impacted by climate change, in negotiations with developed nations

🔭 The context: Hosted by the United Arab Emirates, an oil-producing nation, the conference has been scrutinized for potential greenwashing and its carbon footprint
• The presidency of the conference by the head of the state oil firm has raised concerns over inappropriate access to COP28 planning

🌍 Why it matters for the planet: There is a growing call for a fair and representative approach to climate negotiations and fund management, emphasizing the inclusion of voices from the most impacted regions 
• The most impacted regions are often those that have contributed the least to the climate crisis

⏭️ What's next: Key points of focus include how the loss and damage fund will be managed and the role of the Global Stocktake (GST) in these discussions
• Major concerns to be addressed are the management of the fund by the World Bank, the voluntary nature of contributions to the fund, and the potential dilution of commitments

💬 One quote: "The first GST will have a central role because of its cross-cutting nature. We must ensure there is consensus on the way forward." (Sultan Ahmed Al-Jaber, president-designate of COP28)

Click for more news covering the latest on sustainable finance

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)