"When we convened COP28 in Dubai last year, the Global Stocktake showed the world was falling far short of achieving its climate goals. We needed a practical pathway to keeping the 1.5C warming target within reach... In delivering the UAE Consensus, we achieved what many thought was impossible: an agreement among nations for a just, orderly, and equitable energy transition."
"The UAE Consensus contains commitments to triple renewable energy capacity, double energy efficiency, and end deforestation, all by the end of the decade. Nations reframed the narrative around climate action as an opportunity for socio-economic growth, as opposed to a burden to bear."
"COP28 rightly focused on finance, the essential success factor for climate progress, and landed a win with the launch of the long-awaited fund for loss and damage. Overall, COP28 mobilized $85 billion in commitments, including $30 billion for Alterra, the world's largest private climate investment fund."
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