This first of its kind multistakeholder engagement forum is driven by the UAE’s ambition to host an inclusive climate conference. Image Credit: WAM

Dubai: The inaugural COP28 Business & Philanthropy Climate Forum, hosted by the COP28 Presidency, will open on November 30 at Expo City in Dubai.

The forum, taking place during December 1-2 alongside the World Climate Action Summit, will convene over 1,000 global heads of state, government, business CEOs, philanthropists and heads of NGOs seeking to accelerate and showcase progress on climate targets and industry transition through dynamic public, private, philanthropy collaboration.

This first of its kind multistakeholder engagement forum is driven by the UAE’s ambition to host an inclusive climate conference that marshals global support.

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Speaking on the forum, COP28 President Dr. Sultan Al Jaber said, “We are committed to hosting a fully inclusive COP, and it would be impossible to do this without the vital input of our business and philanthropy communities. The Business & Philanthropy Climate Forum at COP28, is a key part of our Presidency’s agenda, and will help deliver concrete outcomes from the private and philanthropic sectors. The time is now for businesses and philanthropists to step up and play a leading role in helping the world meet net zero pathways.”

The forum has announced ‘A Showcase Compendium of Collective Action’ that details initiatives and high-level outcomes underpinned by the COP28 Action Agenda’s four key pillars of energy transition, climate finance, people & nature, and Iiclusion.

The showcase sets out initiatives that are working to harness the power of global decision makers across public, private and philanthropic sectors to urgently tackle the climate crisis, achieve net-zero emissions, reverse nature loss and restore biodiversity

COP28 Special Representative for Business and Philanthropy and Chair of the Forum Badr Jafar said: “Our action-oriented agenda directed towards the world’s top decision-makers, aims to zero in on where public-business-philanthropic partnerships can accelerate, replicate, and scale while shifting the dialogue from billions to the trillions that are required.”

Jennifer Jordan-Saifi, CEO of the Sustainable Markets Initiative, said, “A sustainable future is the growth story of our time. To seize it, we need to define and align country, industry, and financial road maps. The COP28 Business Philanthropy and Climate Forum is a unique opportunity for the world’s top decision-makers to work with their peers to raise ambition, assess progress and hold up the mirror of accountability.”