As this year’s United Nations Climate Conference draws to a close, it is clear that businesses are committed to action, not just words.
COP28, held at the heart of technological innovation in Expo City in Dubai, showcases a world where technology and sustainability go hand in hand rather than standing in oxymoronic relation. Between 30th November and 12th December, matters surrounding climate finance, public health, and the inclusion of marginalized groups in climate action were discussed at the summit. These issues dominated discourse more than ever since 2023 marked the warmest year on record.
Since global temperatures have surged over the past year, the monthly global average surpassing 1.5°C above pre-industrial levels, climate action has become more pressing than ever. Ultimately, it is in the hands of CEOs and leaders, those with the capacity to make fundamental business decisions to change the world’s future.
Business leaders have highlighted that they are investing in renewable energy sources rather than fossil fuels. Sectors ranging from aviation to fashion have committed to sustainability, utilizing sustainable resources to craft their products. In addition, these corporations promote inclusion within their workplaces to foster a collaborative environment where solutions become viable and productive. Participants in the series pave the way for other corporations to follow in their footsteps.
Despite the controversy surrounding Al-Jaber’s ties to the UAE state-owned oil company, institutional funds combined with the sustainable decisions of individual CEOs pave the way for a brighter future.
By COP29, it is hoped that emissions will have been reduced and the global temperature will not continue to rise at the levels it has done. With COP28 ending on a critical 5-year cycle for climate action and solutions actively being implemented, we can look optimistically towards the future.
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