COP28: Takeaways For Leaders
In this special edition of Now You KnOW, we share the key insights from our delegation on the ground at the first week of COP28, where we hosted, attended, and moderated panels, discussions, and events.?
Quick takes
“There is a heavy degree of determination to move towards delivery. There’s been a lot of sharing of stories, lessons learned, good things and failures. But it’s important we learn from each other’s mistakes, so we move faster.”??Nick Studer, CEO, Oliver Wyman?
“Women are often overlooked and not actively included in climate action decisions and plans, despite research showing that they are the most likely changemakers. There is a growing movement to connect gender and climate action.”?Rupal Kantaria, partner, Oliver Wyman Forum, Climate and Sustainability?
“If we can double down on private finance, smart policies and credible transition plans, we can have a solid foundation on which to build a finance system that will power the green transition.”?Ilya Khaykin, head of Financial Services Climate Risk and Sustainable Finance, Americas?
“We’re already seeing the effect that the overconsumption of natural resources can have on our planet, and we are at risk of reaching a point of no return when it comes to some biodiversity loss. Businesses should be paying attention because few, if any, of them will emerge unscathed from this continued degradation of our natural environment.”?Johnny Ayoub, partner and head of Climate and Sustainability, IMEA
Deeper dives into the topics discussed?
Climate change is a health emergency: The added severity and frequency of climate-fueled calamities will put great strain on healthcare systems around the world — similar to impact of the death and disruption around the COVID-19 pandemic. Governments and the health and life sciences industry need to be proactive and act now to make their operations and supply chains climate-ready and set priorities that have them developing today the pharmaceutical products, treatments, and production capacity we will need tomorrow.???
Building the finance system of the future: To support the needs of a sustainable and inclusive future, the world needs a financial system to match. That means updating the systems we currently rely on — a daunting task. Here are three steps companies, financial institutions, and governments need to start taking today to ensure we have the correct foundations on which to build tomorrow’s finance system.?
Fast-tracking the energy transition: The energy transition we are striving for is radical in nature. According to our calculations, we’re looking at an investment of at least $20 trillion between now and 2030 into renewable energy and the infrastructure to support. It will demand clear, transparent communication and some degree of sacrifice. In parallel, the decarbonization of energy supplies and revised consumption patterns can create the change we desperately need to see. So far, the equation has proven to be a tough nut to crack. Here are five reasons why. ??
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Making sustainable transport a reality: Transport emissions are key to meeting our collective climate goals. But for all the good talk in recent years — zero-emission vehicle mandates, pledges to establish green shipping corridors, commitments to expanding cycling infrastructure, emissions requirements in the aviation industry, to name just a few — we are still not walking the walk. Here are four ways for decision-makers to match their well-intentioned words with powerful action. ?
After COP28, it's clear that the urgency surrounding climate change's impact on health, finance, energy, and transport is crucial. It's time for decision-makers, governments, and industries to take concrete action and collaborate towards a sustainable and resilient future. #cop28
Senior Content Editor | Business, Technology & Finance | Emerging Markets
11 个月Have to say, what an incredible venue Expo City Dubai is.