The COP28 Administration will have the Business and Generosity Environment Discussion (BPCF) on December 1 and 2, held simultaneously with the world chiefs World Environment Activity Highest point. This CEO-level Forum will bring together global business leaders and philanthropists to advance cross-sectoral progress toward net zero and nature positive goals in accordance with the COP28 Presidential Action Agenda.
The UAE’s ambition to host a truly inclusive climate conference that garners full and broad support with participation from all regions of the world is the driving force behind this one-of-a-kind multi-stakeholder engagement strategy for climate and nature. Policymakers and leaders in business and philanthropy will meet at the Forum to ensure co-creation, collaboration, and speed to find solutions and achieve bolder outcomes.
The COP28 Presidency is determined to close the gaps between policy and practice and accelerate climate action through cross-sectoral partnerships and collaboration by hosting the Forum concurrently with the World Climate Action Summit of Heads of State.
Noticeable pioneers from business and charity will accumulate at the gathering, carrying their skill and assets to convey unmistakable environment and nature arrangements at a worldwide scale. The COP28 Action Agenda’s key climate priorities, such as expediting a just and orderly energy transition, will be discussed at the Forum. financing climate change; putting climate action at the heart of nature, lives, and livelihoods; also, supporting all that with full inclusivity.
COP28 President-Assign Dr. King Al Jaber said, “To disturb the same old thing and fix environment finance we really want activity from everybody. We want to bring together key stakeholders to work on collective solutions and are committed to supporting everything at COP28 with full inclusion. Because of this, I am hosting the Business & Philanthropy Climate Forum to provide private and philanthropic sectors with concrete results that can be presented at COP28’s highest levels. At COP 28, philanthropists and businesses will have the opportunity to lead the way in achieving net zero pathways and sustainable development.”
Badr Jafar, the COP28 Special Representative for Business and Philanthropy and an advocate for philanthropy who also serves on the COP28 Advisory Committee, will preside over the Forum.
According to Badr Jafar, “COP28 will ensure that business and philanthropy are embraced as critical partners because the private sector holds the greatest promise to accelerate the accomplishment of our climate and nature global goals.” This enabling platform for action is provided by the Business & Philanthropy Climate Forum, which unites stakeholders from all over the world around game-changing outcomes supported by the COP28 Action Agenda and breaks down sectoral silos. This is expected to convey adaptable arrangements that can decidedly change the existences of billions of individuals.”
The Global Stocktake, which identifies implementation gaps under the Paris Agreement, will be completed at COP28. The purpose of the COP28 Action Agenda is to accelerate implementation across all major workstreams. This includes reducing emissions through sectoral decarbonization and a tripling of clean energy capacities. It also includes assistance to boost adaptation efforts and build resilience by focusing on key climate change-affected sectors like health systems, food and water, nature and ecosystems, cities, and relief and recovery.
Attendees at the Forum will examine, among other essential private sector outcomes, targeted solutions for accelerating technology transfer, de-risking green investments, enabling effective investment for nature conservation, developing “greenshots” for large-scale catalytic action, enabling climate SMEs and startups, and investing in resilience for the most vulnerable.
The Gathering is set to connect north of 500 Chiefs and givers briefly leader meeting on December 1 in the COP28 Blue Zone. The conference was held with the title “Synergizing Business and Philanthropy: This session, titled “A New Paradigm for Climate & Nature Action,” will concentrate on the most effective means of utilizing the expertise and resources of the private sector to effect meaningful change and increase private financing for the Global South.
On December 1, afternoon sessions of the Forum will take place at the Green Zone Conference Center under the theme “Business & Philanthropy as Game Changers: Making way for Activity’. Members will assemble for entire day meetings on December 2 at the Green Zone Gathering Center on ‘Fashioning Pathways to Green Development’.
The Forum will begin the two-week COP28 program on November 30 and conclude on December 12. In a six-week open consultation, the first of its kind by a COP Presidency, stakeholders from around the world were consulted on the two-week agenda for COP28.
Badr Jafar, CEO of Crescent Enterprises and COP28 Special Representative for Business and Philanthropy, is actively involved with numerous organizations and initiatives that focus on social entrepreneurship, international development, humanitarian aid, strategic philanthropy, and corporate governance.