What we expect from COP28 in Dubai
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What we expect from COP28 in Dubai

Representatives from more than 200 governments will gather in the shadow of the Burj Khalifa from the 30th November for the 28th round of global climate change negotiations. COP28 has been buffeted by controversy since the UAE was announced as host, with concerns that the country’s fossil fuel interests would jeopardise the meagre progress made since the Paris Agreement. Negotiations will also take place against a backdrop of fraying global consensus, with the continued fallout from Israel-Palestine, Russia-Ukraine and high inflation likely to stymie progress. 

While expectations for the talks are low, the need for progress to mitigate the most severe impacts of climate change is more apparent than ever. Over the last year we have witnessed exacerbating climate impacts globally, including extreme heat across China, India, and Europe, wildfires in Greece, Hawaii and Canada, droughts in the Mediterranean, as well as extreme rainfall and floods in the US, Libya, and India. It is virtually certain that 2023 will be the warmest year on record, with NASA already declaring summer 2023 as the hottest recorded. 

Here we explore some of the main questions ahead of the negotiations, and outline where we think progress may be made.

The global stocktake: can COP28 close the 1.5C emissions gap?
Is a final deal on funding of climate losses likely at COP28?
Can COP28 bring progress on global carbon markets?
Will we see a deal to phase out ‘unabated’ coal, oil, and gas?
Will COP28 settle on an operationalisation framework for adaptation?
21 November 2023
Joe Horrocks-Taylor
Joe Horrocks-Taylor
Senior Associate, Analyst, Responsible Investment
Vicki Bakhshi
Vicki Bakhshi
Director, Responsible Investment
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What we expect from COP28 in Dubai

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