COP28 UAE President-Designate Dr. Sultan Ahmed Al Jaber and Michael R. Bloomberg, the UN Secretary-Special General’s Envoy on Climate Ambition and Solutions and the founder of Bloomberg L.P. and Bloomberg Philanthropies, announced a new partnership to support meaningful climate action from cities, businesses, financial institutions, and civil society at and before the 2023 UN Climate Change Conference (COP28).
The Global Stocktake, the first-ever comprehensive evaluation of national contributions and progress towards the Paris Agreement’s targets, including maintaining global temperatures below 1.5 degrees, will be presented during COP28, a momentous occasion.
Dr. Sultan Al Jaber, COP28 President – Designate said, “What the world needs at COP28 is not just a Conference of the Parties, but a Conference of all Parties. Governments alone cannot act at anywhere near the scale we need. We need everyone to join forces now – from our universities and cities to civil society organizations and nature groups, as well as every single sector of industry. The COP28 Presidency’s partnership with Michael R. Bloomberg will help mobilize all parts of global society to make COP28 the turning point we need for global climate progress.”
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Earlier, Dr. Sultan and Michael R Bloomberg convened mayors and city leaders from around the world to highlight the critical importance of cities in the fight against climate change and to discuss pathways for subnational climate leadership at COP28 in the UAE.
This new commitment deepens Mike Bloomberg’s longstanding dedication to the UN’s climate agenda and aims to help deliver on UN Secretary-General António Guterres’ call for transformative and decisive action ahead of this year’s COP in Dubai. As part of the partnership, Bloomberg Philanthropies and Bloomberg L.P. will host events and foster cross-sector dialogues to bolster global contributions from subnational actors – including cities, financial institutions, businesses and civil society – and ensure they are better integrated within global climate discussions. Bloomberg will also provide a series of tools, data and resources to subnational actors to support the global, whole-economy transition and the scaling up of clean energy investment.
Bloomberg L.P. and Bloomberg Philanthropies will also collaborate with organizations and programs in the UAE on cultural and community-focused engagements that will inspire local climate action, engage young people, and create a lasting legacy for COP28 in the Middle East.
Story adapted from Bloomberg