Dubai : The Business Philanthropy Climate Forum, COP28’s private-sector engagement platform to convene global business leaders and philanthropists, concluded its first day yesterday, with the announcement of a range of transformative climate and nature initiatives, and commitments to mobilise US$5 billion in collective funding.
The Forum, held across the COP28 Blue Zone and Green Zone, brought together over 1,300 key stakeholders, including Heads of State and government, business CEOs, philanthropists and NGO heads, who assembled to help showcase and accelerate progress on climate targets and industry transitions.
The Business Philanthropy Climate Forum represents a paradigm shift, the first Dedicated platform for the private sector and philanthropy to be included in the COP process. The Forum included a full-day session in the Green Zone, focused on fostering innovation and driving impact in areas including sustainable climate finance, coral restoration, green technology, energy and industry transition, sustainable food systems, and empowering SMEs.
