Businesses call for more action at COP28

The United Nations COP28 climate summit in Dubai at the end of November is seen as a key test of countries' willingness to accelerate action to curb global warming, as efforts so far have had little effect on curbing global carbon emissions.

A peaceful climate protest in Nairobi, Kenya on September 4, 2023. Photo: Reuters

“This summer has proven once again in many parts of the world that urgent action is needed from all stakeholders, including of course companies as well as governments and regulators,” said Peter Van der Poel, CEO of Ingka Investments. “We cannot wait.”

While countries may agree on a target, it is the companies in the economy that will decide whether that target is achieved through their investments and day-to-day operations. And to that end, delegates are calling on policymakers to take bolder steps.

Business delegates echoed calls from African leaders at the conclusion of the Africa Climate Summit in Nairobi, Kenya this week for developed nations to do more to help finance developing countries.

Despite the world's efforts to phase out fossil fuels, Helena Viñes Fiestas, chair of the European Union's Sustainable Finance Platform, said she did not expect much progress to be made at COP28.

Mai Anh (according to Reuters)

Source: https://www.congluan.vn/cac-doanh-nghiep-toan-cau-keu-goi-ho-tro-nhieu-hon-cho-cac-nuoc-dang-phat-trien-tai-cop28-post263612.html