Welcome to the COP28 Business & Philanthropy Climate Forum, where global business leaders, philanthropists, and heads of state gathered to advance climate action and industry transitions. In this forum, we witnessed a paradigm shift as the private sector and philanthropy joined forces with the COP process for the first time. I'm excited to share with you the remarkable initiatives and funding commitments that emerged from this forum, totaling a staggering $5 billion. Together, we are accelerating progress towards our climate targets and creating a sustainable future for all.
Accelerating Climate Action and Industry Transitions
Learn how the COP28 Business & Philanthropy Climate Forum is driving progress towards climate targets and industry transitions.
The COP28 Business & Philanthropy Climate Forum marks a significant milestone in the fight against climate change. With the inclusion of the private sector and philanthropy, this forum has become a powerful platform for driving climate action and industry transitions. Through collaborative efforts, we are accelerating the implementation of climate targets and fostering sustainable practices in various sectors.
During the forum, we witnessed the announcement of several transformative initiatives aimed at decarbonization, climate finance, and sustainable food supply chains. These initiatives, backed by $5 billion in funding, will play a crucial role in advancing our climate goals and creating a greener future for generations to come.
Leveraging the Power of Business and Philanthropy
Discover how the private sector and philanthropy are driving change and mobilizing resources for climate action.
The COP28 Business & Philanthropy Climate Forum highlights the immense potential of the private sector and philanthropy in addressing climate challenges. Business leaders and philanthropists are leveraging their knowledge, resources, and influence to drive change and mobilize funding for climate action.
By harnessing the expertise and financial capabilities of the private sector, we can unlock the necessary funding to support climate initiatives, particularly in the Global South. This collaboration between business, philanthropy, and governments is essential for creating a sustainable and resilient future.
Blended Finance Commitments for Green Transition
Explore the mobilization of $5 billion in funding to unlock $20 billion for the green transition.
One of the key highlights of the COP28 Business & Philanthropy Climate Forum is the announcement of blended finance commitments. These commitments have mobilized $5 billion in funding, which will unlock an additional $20 billion for the green transition.
Blended finance structures provide innovative solutions to attract private capital towards climate and nature goals. By blending public and private funds, we can create a more favorable investment environment and drive sustainable development at scale. This significant funding boost will accelerate the transition to a low-carbon economy and support climate resilience efforts worldwide.
Private Sector Initiatives for Climate Action
Learn how the COP28 Business & Philanthropy Climate Forum is driving private sector initiatives to address environmental concerns.
The COP28 Business & Philanthropy Climate Forum marks a groundbreaking moment as private sector initiatives take center stage in the official COP program. For the first time, the forum discussed and announced initiatives driven by the private sector to address environmental concerns and promote sustainable practices.
These initiatives include the establishment of a climate solutions investment platform, the Innovate for Climate Tech Coalition, the First Movers Coalition for Food, and a coral restoration and energy transitions moonshot. Each initiative aims to accelerate the climate transition, support decarbonization efforts, and transform food supply chains towards sustainability.
Creating an Enabling Environment for Private Capital
Discover the importance of aligning country, industry, and finance roadmaps to attract private capital for climate action.
The COP28 Business & Philanthropy Climate Forum emphasizes the need to align country, industry, and finance roadmaps to create an enabling environment for private capital. This alignment is crucial for attracting investments and mobilizing resources towards climate action.
Involving multilateral development banks and international financial institutions is key to creating the necessary frameworks and policies that support private capital flow into climate initiatives. By fostering collaboration between public and private sectors, we can unlock the full potential of private capital and drive sustainable development on a global scale.
Transformative Initiatives for a Sustainable Future
Explore the transformative initiatives announced at the COP28 Business & Philanthropy Climate Forum.
The COP28 Business & Philanthropy Climate Forum witnessed the announcement of several transformative initiatives that will shape our sustainable future. These initiatives aim to accelerate the climate transition, support decarbonization efforts, and transform key sectors.
Among the initiatives announced are blended finance structures that attract private capital, a climate solutions investment platform, the Innovate for Climate Tech Coalition, the First Movers Coalition for Food, and a coral restoration and energy transitions moonshot. These initiatives bring together diverse stakeholders to drive innovation, collaboration, and sustainable practices for a greener and more resilient future.
