COP 28: The Verdict

12/14/23 • 6 min

The short version: It went pretty well. This time around COP saw countries and companies renew their commitment on many fronts. These are some of the most important outcomes.

Final declaration sends mixed messages to the business community
More climate finance pledges, though not enough, can accelerate transition in emerging markets
Food hits the climate agenda with a first-of-its-kind agreement and a major UN plan
Agreement on the global stocktake sets tone for near-term action
Renewable energy is to be tripled with most countries on board

The short version: It went pretty well. This time around COP saw countries and companies renew their commitment on many fronts. These are some of the most important outcomes.

Final declaration sends mixed messages to the business community
More climate finance pledges, though not enough, can accelerate transition in emerging markets
Food hits the climate agenda with a first-of-its-kind agreement and a major UN plan
Agreement on the global stocktake sets tone for near-term action
Renewable energy is to be tripled with most countries on board

Previous Episode

COP 28: Risks and Opportunities

This week's letter focuses on risks and opportunities for companies, as they emerge from COP 28.

Countries and companies are failing to report accurately on emissions.
117 countries pledge to triple renewable installations by 2030.
The Biden Administration and fossil fuel giants move in tandem against methane.
Carbon credit markets are moving ahead.
Boosting green investments with special drawing rights in emerging markets will expand opportunities.