This means setting granular, year-by-year targets to ensure pledges are met. Governments will have to work to close the $18 trillion investment gap, prioritizing long-term gains over the costs in the short to medium term.The presidency also launched 10 principles to make finance available, accessible, and affordable. The parties to COP also pledged $700 million in funding to help lower-income countries cope with the loss and damage caused by climate change. The UAE President Mohammed bin Zayed Al Nahyan announced a $30 billion fund for global climate solutions that aims to attract $250 billion of investment by the end of the decade.
These are some of the most significant announcements from the first three days of COP28 in Dubai-and key takeaways for organizations and policymakers. Technology, Media, and Telecommunications.
