FINANCE / TRADE /
GENDER EQUALITY / ACCOUNTABILITY

Unlocking Transition Finance Through Common Definitions

Organizers: COP28 Presidency: Finance team

This session will convene public and private sector leaders to endorse a roadmap for rapidly developing and implementing common definitions of the transition finance strategies needed to unlock global finance in support of net zero commitments and measure progress. Absent shared definitions of these strategies, in particular addressing strategies for high emitting sectors where transition finance is most urgently needed, progress towards collective climate goals will not be sufficiently rapid and globally equitable. It will also be difficult for governments and regulators to identify whether the necessary progress is being made on financing transition. In addition, greater clarity on transition finance strategies will need to be accompanied by forward-looking metrics that measure the impact of finance on transition and decarbonization.

TWO-WEEK SCHEDULE

11 Dec
12 Dec
FINAL NEGOTIATIONS
On the final two days of COP28, there will be no thematic days to avoid extensive programming when the negotiation text is often being closed.
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10 Dec
FOOD, AGRICULTURE, AND WATER
Climate change is creating severe pressure and risks for the agri-food and water systems that underpin human wellbeing.
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9 Dec
NATURE, LAND USE, AND OCEAN
The conservation, restoration, and sustainable management of nature is integral for achieving the goals of the Paris Agreement.
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8 Dec
YOUTH, CHILDREN, EDUCATION, AND SKILLS
This day seeks to empower young people to shape the outcomes of COP28 and beyond, particularly considering the disproportionate risks
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7 Dec
DAY OF REST
COPs traditionally incorporate a ‘day of rest’ in the middle of the program for participants to reflect and recharge ahead of the second week.
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6 Dec
MULTILEVEL ACTION, URBANIZATION, AND BUILT ENVIRONMENT / TRANSPORT
COP28 will feature a historic presence of local leaders, including mayors, governors, parliamentarians, business
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5 Dec
Energy and Industry / Just Transition / Indigenous Peoples
This day will focus on levers and pathways for rapid decarbonization, job growth, and economic opportunity and just transition across the full energy
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4 Dec
FINANCE / TRADE / GENDER EQUALITY AND ACCOUNTABILITY COMMITMENTS
COP28 has called on the relevant stakeholders to close outstanding commitments. It will work with others to articulate a vision going forward on scaling up climate finance.
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3 Dec
HEALTH, RECOVERY, AND PEACE
These two themes - new for COPs - aim to boost policies and investments that protect lives and livelihoods and support community resilience and stability.
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1 Dec
2 Dec
WORLD CLIMATE ACTION SUMMIT
The World Climate Action Summit convenes heads of state and government, alongside leaders from civil society
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30 Nov
OPENING DAY
The 28th session of the Conference of Parties to the UNFCCC (COP28), hosted by the UAE, opens at Expo City, Dubai on 30 November 2023.