The United Arab Emirates (UAE) will host the UN Climate Change Conference – or COP28 – in Dubai from 30 November - 12 December 2023. With the first Global Stocktake set to conclude in Dubai, the eyes of the world will be on non-state actors, their progress and the need for increased transparency and accountability.
High-quality disclosure is a critical tool for achieving net-zero targets and avoiding greenwashing, tracking progress against the Paris Agreement goals, and providing robust data and recommendations for the Global Stocktake. Disclosure data must factor into governments’ biennial transparency reports, prepared next year. Without credible, comparable, consistent data, we are flying blind.
We need all actors, not just governments, to drive transformative action on climate and nature. The transition journey for companies and cities is crystal clear and the stocktake must reflect this.
Companies, investors and financial institutions need an unequivocal message that the era of fossil fuels is over. A net-zero future is incompatible with even abated fossil fuel expansion - and renewable energy capacity must be tripled in tandem to achieve the Paris Agreement goals. The final agreement at COP28 must reflect this,
There is no route to net-zero without nature. All actors must commit to credible and immediate action to conserve, protect and restore nature across the value chain, driving progress towards a sustainable food and agriculture systems transformation.