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COP28’s adopted text sees nations agreeing to “transition away” from fossil fuels instead of phase out
The final text makes the first reference to fossil fuels in the history of UN climate talks
Draft COP28 text falls short of calling for fossil fuel phaseout
The draft was heavily criticized for its “weak” language on fossil fuel phase out
COP28 negotiators introduce draft text for new global adaptation goals + Global finance experts roll out climate finance roadmap
The draft did not include a target for an adaptation funding
DP World inks MoU at COP28 to trial green shipping solutions
The partnership aims to facilitate the pairs’ mutual goal of achieving net zero carbon emissions by 2050
Loans, carbon markets, green bonds and more
Day 6 of COP28 provided a deluge of updates from across the climate finance sector
The UAE’s banking sector to mobilize AED 1 tn in climate finance by 2030
56 UAE-based lenders will mobilize AED 1 tn in climate finance by 2030
Picking up where COP27 left off
The loss and damage fund established last year is now in action