COP28 will take place this year over two weeks, from 30 November – 12 December 2023. This year, the event will be held in Expo City Dubai, UAE. COP28 is expected to see more than 70,000 participants convene, including heads of state, government officials, industry leaders, academics, and representatives from civil society organisations. The 2023 event is also expected to see increased attendance from the private sector and oil and gas industries.
COP28 Themes
This year's COP28 Presidency has called on governments and key climate stakeholders to take action in four areas:
- Finance
- Technology & Innovation
- Frontline Communities - focus on nature, people, lives, and livelihoods
- Inclusion
Infrastructure's role in addressing these four themes
Finance
One major hurdle is the lack of finance being channelled towards sustainable infrastructure. The public sector can only finance so much, scaling up private investment will be crucial to address the climate crisis and close the infrastructure investment gap. To do this, barriers to private investment need to be addressed. De-risking instruments and regulatory reform can help to mobilise more private capital at scale to decarbonise infrastructure across all sectors. Clear transition plans can also assist in directing investment where it will have the greatest environmental and social impact and can provide greater transparency and oversight around investments.
Technology & Innovation
Harnessing technology and innovation through investing in infrastructure technologies (InfraTech) will help to support the development and deployment of clean technologies at scale. InfraTech can provide us with the breakthrough solutions needed to maximise investment in infrastructure and enable us to do more with less, as well as supporting the development and deployment of innovative technologies to reduce emissions and decarbonise the sector.
Frontline communities
Frontline communities, often residing in vulnerable geographic locations or marginalised socio-economic settings, are the first to confront and bear the harshest consequences of climate change. These communities often have limited resources and capacities to cope with and adapt to the rapidly changing environment. Integrating the natural environment and its inherent resilience mechanisms (nature-based solutions) into infrastructure and urban planning can offer frontline communities sustainable and cost-effective approaches to mitigate against the impacts of climate change.
Inclusion
Climate change deeply intertwines with matters of equity and inclusion. Historically marginalised groups frequently suffer the most from environmental degradation and are more vulnerable to climate-induced disasters. Yet, their voices are often overshadowed in pivotal decision-making processes and climate action strategies. Infusing inclusivity into the planning and design of infrastructure not only promotes societal equity but also diminishes social disparities. To build a resilient and sustainable future, it is imperative that climate solutions are rooted in principles of justice and inclusivity. This will help to ensure that all voices are heard, and no one is left behind.
Related articles
The GI Hub at COP28
Infrastructure has a large role to play in addressing the climate crisis and reducing greenhouse gas emissions. Infrastructure alone is responsible for more than 79% of global greenhouse gases and consumes 60% of the world's materials. Rethinking how we plan, develop, and finance infrastructure will ultimately determine how we fare in the climate transition.
Amelia Burnett, the GI Hub's Associate Director of InfraTech, will be on the ground to promote the role of infrastructure in the climate transition, and to highlight how our work in the areas of private sector capital mobilisation, infrastructure technology, and transition pathways can help to address this.
Events at COP28
The GI Hub will be hosting a dynamic session on - 'Revolutionizing Resilience’ Examining global projects harnessing InfraTech for Climate Adaptation' - in collaboration with AUDA-Nepad and PIDG as part of the Resilience Hub's Infrastructure, Energy, and Mobility theme.
In this session, key players who fund infrastructure and those who develop technology solutions for infrastructure will come together to showcase how InfraTech solutions can help infrastructure withstand climate change and disasters.
We will shine a spotlight on three pioneering InfraTech companies currently engaged in emerging markets and developing economies (EMDEs). These companies will showcase their transformative solutions to the audience and a panel of experts, for consideration on future infrastructure projects.
Attendees will get to see firsthand how technology can be used to adapt our infrastructure to make it more resilient to a changing climate, and how these ideas can work in different sectors and places - to encourage their greater adoption. The audience in the room, and those joining remotely will be encouraged to vote for their favourite solution - which will be showcased on the Global Infrastructure Hub’s InfraTech Knowledge Hub.
Join us at ‘Revolutionizing Resilience’ to see how innovative funding and financing, technology, and creative thinkers can help us build and adapt infrastructure to handle the challenges of our changing climate.
Virtual and in-person attendees will be able to vote before and during the event for their favourite InfraTech solution.
Stay connected to climate topics and developments ahead of the conference with the resources below, and sign up for updates.
Key discussion items at COP28
- The first Global Stocktake will take place at COP28 to assess progress on Paris Agreement goals and to further encourage countries to take ambitious climate actions that keep warming below 1.5 degrees.
- There will be a push for more ambitious commitment and action across all pillars of the Paris Agreement.
- Countries need to work together to define and set a framework for the Global Goal on Adaptation (GGA). This will help to measure and monitor adaptation efforts to reduce the impacts of climate change.
- There will also be a push to operationalise the loss and damage fund and funding arrangement. The G20 must affirm its commitment to achieve the operationalisation of the fund and financing arrangements.
- To halt heating at 1.5 degrees, emissions globally need to reach net zero by mid-century. Developed countries must aim to get there faster and assist developing countries in the process.