GGGI stands alongside the Heads of State, ministers, negotiators, climate activists, civil society, and the private sector at the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in Expo City Dubai, UAE from November 30 to December 12, 2023. In this pivotal gathering, GGGI endeavors to shed light on transformative solutions that can expedite green and just transitions.

COP28 is a critical event. The window to keep global warming to no more than 1.5 degrees is rapidly closing, some arguing that we are already too late to achieve the most ambitious targets of the Paris Agreement and are currently on track to also overshoot the 2-degrees milestone significantly. This will have disastrous impacts, particularly on the least developed and most vulnerable countries and communities, who are the least to blame for the climate crisis.

In fact, 2023 has been yet another year of record-breaking weather events, heatwaves, wildfires, and floods. Climate Change is already experienced around the world. The UNFCCC Global Stocktake Report, published in September, delivers a failing report card on global climate action. Greenhouse gas missions are not falling, they continue to rise. NDCs are not ambitious enough, and worse yet, countries are failing to meet their expressed target.

The call for COP28 to deliver a course correction is resounding. The message consistently given through reports and reviews is that we have the solutions required to address climate change, but we need to urgently and massively scale up and speed up the delivery of green and just transitions in general and climate action in particular. And, meanwhile countries must continue their paths toward sustainable development that ensures well-being, dignity and justice for all.

GGGI supports its Member States and partner countries in their transition to low emission and inclusive green growth and has seen a great growth in number of Members and countries, indicative of a momentum for green growth. This gives reason for optimism, and COP28 is an opportunity for GGGI Members to showcase experiences and broker solutions.

GGGI bring a program of events that center around themes:

Achieving Net Zero is focused on analytical, policy and technology innovations that accelerate countries along low emission development pathways, where it is critical to address the enabling environment for bringing these solutions to scale.

Unlocking Carbon and Climate Finance focuses on the experiences of GGGI in supporting developing and emerging countries’ access to innovative financial solutions for climate action. GGGI has supported nearly USD 10 bn in finance commitments and comes to Dubai to highlight transformative approaches to bringing climate finance and Article 6 carbon pricing to bankable investment opportunities.

Adaptation, Food Security and Loss & Damage are priorities for developing countries. The growing portfolio of forestry, nature-based solutions, and climate smart agriculture, along with work on National Adaptation Planning (NAPs), will position countries for innovative investments solutions for adaptation. Meanwhile, with the Loss and Damage Fund on the agenda at COP28, countries are getting ready for related support needs.

Just Transitions to green growth will simultaneously address sustainable development for all through decent green jobs and entrepreneurship opportunities that also accelerate poverty eradication, gender equality and social inclusion.

Meet GGGI at COP28 or join virtually the sessions that are available online!

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Read about some of the initiatives brought to COP28 by GGGI:

• The “Africa and Middle East SAFE” initiative is a public-private-partnership between Africa and the Middle East to be launched at COP28 that aims at mobilizing at least USD 10 billion to invest in solutions on food security and food systems transformation to address climate and food security nexus for Member and Partner States in the two regions. The launch event will take place on Sunday, 3 December 2023 at 10h00-11h30 at the Abu Dhabi Global Market (ADGM) Pavilion. A follow-up event will take place on Sunday, 10 December 2023 at 13:00-14:30 at the Energy Connect Pavilion as a Roundtable under the theme “Mobilizing Finance for Transformative Food Systems in Africa and the Middle East”