COP28, starting on 30 November in Dubai, is an important moment for international climate negotiations. BusinessEurope Director General Markus J. Beyrer emphasized the importance of all G20 countries committing to ambitious 2030 targets. Beyrer stated, "European business stands firmly behind the Paris Agreement. However, with the EU counting for 7% of current global CO2 emissions and only 4-5% by 2030, it is critical that all G20 countries agree to similarly ambitious 2030 targets. They must also commit to implementing concrete, transparent and reliable transformation measures. Businesses are indispensable partners and solution providers for making this deep transformation happen successfully. No industry or sector that is adapting to a net-zero ambition should be excluded from active engagement."
BusinessEurope has outlined 6 priority actions for COP28, including increasing global ambition towards climate neutrality, scaling up international climate finance, strengthening climate adaptation efforts, operationalizing global carbon market mechanisms, securing engagement with all industries and sectors, and closing carbon cycles.
For more details on BusinessEurope's priorities for COP28, interested parties can access the full paper by clicking here.