One of the shortcomings is it does not establish efforts to phase out fossil fuels
Commenting on the Forum and the role the private sector has to play in climate and nature, COP28 Special Representative for Business & Philanthropy and Chair of the COP28 Business & Philanthropy Climate Forum, Badr Jafar said: “Governments simply do not have the available capital or capacity to make the climate transition on their own. To move from the billions we have to the trillions we need, we require urgent, unprecedented, delivery-focused public, business and philanthropic collaboration. The Business & Philanthropy Climate Forum represents a paradigm shift that recognizes this opportunity and connects diverse stakeholders together in a way that creates a multiplier effect on climate and nature impact. The private sector increasingly recognizes that embracing a sustainable and equitable future, leaving no one behind, is the growth story of our time.”
The day also featured sessions on media and climate, harnessing nature for climate impact, the built environment, space and climate, the effects of climate on health, and a pitch session where climate entrepreneurs pitched their ideas to investors.