Organizers: COP28, High Level Panel for a Sustainable Ocean Economy, Marakesh Partnership for Global Climate Action
Co-hosted by the High Level Panel for a Sustainable Ocean Economy, the Ocean & Climate Platform on behalf of the Marrakesh Partnership, and COP28, this high-level event will cast a spotlight on the Ocean and put forth commitments on the 100% Sustainable Ocean Management goal and tangible implementation of the Ocean Breakthroughs. The event will be framed around ocean-based climate solutions’ potential to reduce the emissions gap between current and future emissions by up to 21 percent on a 1.5°C pathway, as well as to provide food, energy, and livelihoods through enhanced climate action.
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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 to reach the scale that is needed and will put forward a Presidential agenda to showcase specific innovate approaches to close the finance gaps, especially where it is needed the most. This will include scaling up private financing for investing into climate transition to support inclusive as sustainable economic growth.
This thematic day at COP28 will focus on three key aspects: scaling up efforts, improving access, and enhancing affordability. This will involve reforms to the international financial system, the delivery of enhanced concessional support, the development of sustainable finance markets, and strengthening voluntary carbon markets. Additionally, COP28 will introduce trade as a means for climate-smart, equitable growth, including supply chain decarbonization, transition, and resilience.
We must also address the challenges that hinder financial support for women, girls, and marginalized groups. This includes ensuring a fair transition and finding solutions to broaden access to finance. The program will also examine accountability mechanisms to turn promises and ambition into tangible results.
The main objectives for this day are:
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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 to reach the scale that is needed and will put forward a Presidential agenda to showcase specific innovate approaches to close the finance gaps, especially where it is needed the most. This will include scaling up private financing for investing into climate transition to support inclusive as sustainable economic growth.
This thematic day at COP28 will focus on three key aspects: scaling up efforts, improving access, and enhancing affordability. This will involve reforms to the international financial system, the delivery of enhanced concessional support, the development of sustainable finance markets, and strengthening voluntary carbon markets. Additionally, COP28 will introduce trade as a means for climate-smart, equitable growth, including supply chain decarbonization, transition, and resilience.
We must also address the challenges that hinder financial support for women, girls, and marginalized groups. This includes ensuring a fair transition and finding solutions to broaden access to finance. The program will also examine accountability mechanisms to turn promises and ambition into tangible results.
The main objectives for this day are:
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