Search History
Clear History
{{item.search_key}}
Hot Searches
Change
{{item.name}}
{{item.english_name}}
Subscribe eNews
Once A Week Once Every Two Weeks
{{sum}}
Login Register

Applications

KRAIBURG TPE launches TPE-EPDM adhesion for automotive application

Amcor and AVON launch AmPrima Plus refill pouch for shower gels

Covestro’s Makrolon RE chosen for TV box housing

Products

SK Leaveo breaks ground on a biodegradable material plant in Vietnam

MOL inaugurates EUR 1.3 billion polyol complex in Hungary

Lubrizol launches new bio-based TPU for hot melts and extrusion

Activities

  • Round Table at Fakuma 2023: “Plastic – Recyclable Rather Than Problem Material!”

  • ArabPlast 2023 – The Success Journey Continues………..

  • GREAT NEWS! INAPA 2023 IS COMING BACK 24 - 26 May 2023 at JIExpo Jakarta, Indonesia

Pictorial

Industry And Market

ASEAN: The Next Manufacturing Hub

Innovative and Sustainable Packaging

Recycling and Circular Economy

Exhibition And Conference

CHINA FOCUS

K 2022 FOCUS

CHINAPLAS

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

News Videos

TechHub@CPRJ: Rongsheng Petrochemical at CHINAPLAS 2024

TechHub@CPRJ: CHOVYTING Machinery at CHINAPLAS 2024

United Caps: Sustainable and innovative design of bottle caps

Conference Videos

【Mandarin session:Webinar playback】Asahi Kasei: How to solve the black spots in plastic molding

【Mandarin session:Webinar playback】The Digital Challenge. SACMI at CHINAPLAS 2024 See your future manufacturing today

【Mandarin session:Webinar playback】Innovative solutions from WINTEC and Piovan in the new market situation

Product Videos

Demonstration video of dual color injection molding machine, US270

Demonstration video of ZJ series double template injection molding machine

Baofeng Energy is a leading enterprise in the coal-based new materials industry chain

Exhibition

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback 5th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase

Home > News > Focus

COP28 mobilizes over US$57 billion fund for climate action in first four days

Source:Adsale Plastics Network Date :2023-12-05 Editor :VC
Copyright: This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

COP28, the 28th meeting of the Conference of the Parties (COP) to the UNFCCC, is taking place in Dubai, United Arab Emirates, from 30 November until 12 December 2023.

 

In the first four days, over US$57 billion across the climate agenda was announced, including on finance, health, food, nature, and energy.

 

On climate finance, the UAE has launched a US$30 billion catalytic fund, ALTÉRRA, with an emphasis on unlocking private finance across the Global South. The country has also announced US$200 million for SDRs and $150 million for water security.

 

The World Bank has announced an increase of US$9 billion annually to finance climate-related projects. And, in the first 48 hours of COP28, after an historic response to loss and damage was operationalized, US$725 million has already been pledged. In addition, US$3.5 billion has been announced to replenish the Green Climate Fund.

 

On energy, US$2.5 billion was mobilized for renewables and US$1.2 billion for methane emission reduction. In addition, US$568 million was pledged to drive investments in clean energy manufacturing.


COP28_480.jpg

 

At the same time, new pledges and declarations made at COP28 have received historic support.

 

Eight new declarations have been announced that will help transform every major system of the global economy. These include declarations on renewable energy and efficiency as well as initiatives to decarbonize heavy emitting industries.

 

Three additional declarations will be announced in the coming days on hydrogen, cooling, and gender.

 

Breakdown of financial pledges and contributions so far:

 

  • Loss and Damage: US$725 million

  • Green Climate Fund: US$3.5 billion (increasing second replenishment to US$12.8 billion)

  • Renewable Energy: US$2.5 billion

  • Technology: US$568 million

  • Methane: US$1.2 billion

  • Climate Finance: Over $30 billion from UAE (plus US$200 million in Special Drawing Rights and an increase of US$9 billion annually from the World Bank)

  • Food: US$2.6 Billion

  • Nature: US$2.6 Billion

  • Health: US$2.7 billion

  • Water: US$150 million

  • Relief, Recovery and Peace: US$1.2 billion

  • Local Climate Action: US$467 million


 Like 丨  {{details_info.likes_count}}
Carbon neutral
Sustainability

The content you're trying to view is for members only. If you are currently a member, Please login to access this content.   Login

Leave Comment

Submit

All Comments

No Comment

{{VueShowUserOrCompany(itme.user)}}

{{ toolTimes(itme.updated_at,'s') }}

{{itme.body}}

Reply   
Submit
{{VueShowUserOrCompany(itmes.user)}} {{ toolTimes(itmes.updated_at,'s') }} Reply

{{itmes.body}}

Submit

Recommended Articles

Focus
Survey: What are the outlook and trends of Chinese plastics industry going global?
 2024-04-24
Focus
The wheels of sustainability in plastics has started turning
 2024-04-23
  victor 管理员
Focus
(Chemicals and Materials) Major plastics production hubs in China you should know
 2024-04-11
Focus
(Plastics Machinery) Major manufacture centers in China
 2024-04-11
Focus
(Guide) How to effectively source Chinese plastics machinery and plastic materials?
 2024-04-11
Focus
CPRJ Survey: Majority of respondents remain conservative on overseas expansion in 2024
 2024-03-01
    1   

You May Also Like

{{[item['category']['name'],item['category']['english_name']][lang]}}
{{VueShowUserOrCompany(item.author)}} {{VueShowDisplayName(item.author)}}
Sponsored
{{item.title}} {{item['summary']}}
{{itags.name}}
{{item.updated_at}}
 {{item.likes_count}}       {{item.comments_count}}

You May Be Interested In

Change

  • People
  • Company
loading... No Content
{{[item.truename,item.truename_english][lang]}} {{[item.company_name,item.company_name_english][lang]}} {{[item.job_name,item.name_english][lang]}}
{{[item.company_name,item.company_name_english][lang]}} Company Name    {{[item.display_name,item.display_name_english][lang]}}  

Polyurethane Investment Medical Carbon neutral Reduce cost and increase efficiency CHINAPLAS Financial reports rPET INEOS Styrolution Evonik Borouge Polystyrene (PS) mono-material Sustainability Circular economy BASF SABIC Multi-component injection molding machine All-electric injection molding machine Thermoforming machine
Top
Feedback
Chat
News
Market News
Applications
Products
Video
In Pictures
Specials
Activities
eBook
Front Line
Plastics Applications
Chemicals and Raw Material
Processing Technologies
Products
Injection
Extrusion
Auxiliary
Blow Molding
Mold
Hot Runner
Screw
Applications
Packaging
Automotive
Medical
Recycling
E&E
LED
Construction
Others
Events
Conference
Webinar
CHINAPLAS
CPS+
Official Publications
CPS eNews
Media Kit
Social Media
Facebook
Youtube