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It’s a triple COP year: What that means and why it matters for business leaders

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By illuminem briefings

· 2 min read


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

🗞️ Driving the news: In 2024, three major UN climate conferences – COP16 on biodiversity, COP29 on climate, and COP16 on desertification – will tackle interconnected challenges of climate change, biodiversity loss, and land degradation
This "triple COP" year presents a unique chance for deeper coordination across sectors to drive global environmental action
These summits aim to align efforts under the original "Rio Conventions" established in 1992 to address these linked issues

🔭 The context: The triple COPs highlight the synergies between land, climate, and biodiversity policies, emphasizing that actions in one area can positively impact the others
Previous summits, such as COP21, resulted in landmark agreements like the Paris Agreement, setting the stage for ongoing international climate commitments
This year's conferences are seen as an opportunity to reinforce comprehensive strategies that avoid isolated actions in favor of holistic approaches

🌍 Why it matters for the planet: With global warming targets becoming harder to meet and biodiversity under threat, integrating efforts to protect land, reduce emissions, and conserve wildlife is essential
This coordinated approach can accelerate progress on pressing environmental issues, creating a more sustainable and resilient future

⏭️ What's next: COP16 on biodiversity starts in October in Colombia, followed by COP29 on climate in November in Azerbaijan, and COP16 on desertification in December in Saudi Arabia
These events are expected to push for new financing commitments, stronger policies, and greater private sector engagement

💬 One quote: "You cannot just solve the issue of biodiversity or climate alone...you have to have a very coherent view" – Ibrahim Thiaw, Executive Secretary of the UN Convention to Combat Desertification

📈 One stat: Global public debt has surpassed $100 trillion, influencing some countries' climate investment strategies

Click for more news covering the latest on ethical governance and climate change

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