Description

The Government of the United Arab Emirates (UAE) will host the 28th Conference of the Parties of the UNFCCC (COP 28), with a view to building on previous successes and paving the way for future ambition to effectively tackle the global challenge of climate change. The meeting comprises the twenty-eighth session of the Conference of the Parties (COP 28), the eighteenth session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP 18), and the fifth session of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA 5).

Objectives

The vision for COP28 is to focus on four paradigm shifts:

  1. Fast-tracking the energy transition and slashing emissions before 2030;
  2. Transforming climate finance, by delivering on old promises and setting the framework for a new deal on finance;
  3. Putting nature, people, lives and livelihoods at the heart of climate action;
  4. Mobilizing for the most inclusive COP ever.

COP28 will feature the first Global Stocktake (GST), which will provide a comprehensive assessment of climate progress since adopting the Paris Agreement. The theme of COP28’s program is geared towards real world solutions that close the gaps to 2030 and respond to the GST with a clear action plan.

At COP28, ADB will launch several pivotal climate initiatives which include the Climate Change Action Plan, CRPP Investment Fund and small grant window, Nature Solution Finance Hub, Climate and Health Initiative, Hindu Kush Himalaya Climate Risk Management Initiative, and responding to the impact of heat stress on women.

Side event sessions will delve into diverse topics such as climate finance, carbon markets and finance, just transition, Paris alignment, climate investment planning, climate-responsive fiscal planning, loss and damage, coastal resilience, nature-based solutions, and sector-focused topics covering agriculture, energy, health, transport and water, among others. ADB will also be collaborating with other institutions in joint events.

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Target participants

The conference is expected to convene over 70,000 participants, including heads of state, government officials, industry leaders, academics, and representatives from non-accredited delegates and other voices organizations.

Side Events

ADB participates in the UNFCCC process as an inter-governmental observer organization. At COP28, ADB will organize and co-organize the following events:

All times are in UAE Standard Time. Events will be held in the ADB Pavilion unless stated otherwise.

Week 1

1 December (Fri) - World Climate Action Summit

2 December (Sat) - World Climate Action Summit

3 December (Sun) - Health / Relief, Recovery, and Peace

4 December (Mon) - Finance / Trade / Gender Equality / Accountability

  • 8:30 - 10:30

    GCA Arena 2 (Al Wakri)

    Water for Climate Action: Scaling Finance and Investment for Global Common Goods

    This high-level event will bring together public and private, conventional and innovative financiers to spotlight key efforts to mobilize finance at scale for water and nature and to contribute to the delivery of the UN Sustainable Development Goals, the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework.

  • 9:30 - 10:15

    Launch of the Nature Solution Finance Hub (NSFH) for Asia and the Pacific Region

    At COP28, ADB will announce the Nature-Solutions Finance Hub (NSFH) to proactively scale up the flow of finance into conserving and protecting nature and biodiversity loss in Asia Pacific. The launch of the NSFH aims to introduce the collaboration between ADB and partners.

  • 10:30 - 11:30

    The Resilience Hub

    Rising Above the Heat: Forging Women-Led Solutions to Heat Stress

    ADB is launching a 3-year technical assistance project to work with developing member countries to identify and implement adaptation solutions to strengthen women’s resilience to heat stress. Climate change is increasing the intensity, frequency, and duration of heatwaves in Asia and the Pacific.

  • 11:00 - 12:30

    The Changing Landscape of Climate Financing in Asia and the Pacific

    This side event will discuss the global demands on the financing architecture and how it will affect the landscape for Asia and the Pacific. It will present an overview of the climate finance flows in the region, highlighting key financing figures as well as the challenges and opportunities in narrowing the financing gap.

  • 11:30 - 12:30

    Philippines Pavilion, Blue Zone (B6-80)

    Investing in a Better Tomorrow: Harnessing Financing Coalitions for Accelerating Climate Finance

    This high-level dialogue by the Government of the Philippines – supported by the Asian Development Bank (ADB) – will discuss partnerships for accelerating climate finance and the role of key financing coalitions like the Vulnerable Twenty Group (V20) and the Coalition of Finance Ministers for Climate Action (CFMCA).

  • 17:00 - 18:30

    Multilateral Development Banks (MDBs) Panel: Toward Shared Market Guidance on Climate-Aligned Trade Financing

    Leading Multilateral Development Banks (MDBs), with major trade financing programs as part of their core activities aimed at advancing trade-based development and poverty reduction, will announce an agreement on a set of guiding principles related to the use of climate-aligned trade financing.

5 December (Tue) - Energy, Industry, and Just Transition

6 December (Wed) - Multilevel Action, Urbanization, and Built Environment/Transport

Week 2

8 December (Fri) - Youth, Children, Education and Skill

  • 9:00 - 10:30

    Scaling Up Climate Finance to Meet India's Energy Transition Goals

    India's ambitious net-zero targets emerge as a beacon of hope for the global community's collective pursuit of a sustainable, carbon-neutral future. The panel session will explore and discuss strategies for scaling up climate finance, directly contributing to India's ambitious energy transition goals.

  • 9:00 - 10:30

    Water Pavilion

    Accelerating Climate-resilient Water Management Approaches

    This session will discuss the importance of climate-resilient water management in the context of investing in a circular economy to achieve sustainable water management for municipal, industrial, and agricultural users and the natural environment.

  • 11:00 - 12:15

    Mobilizing Carbon Finance through ADB's Climate Action Catalyst Fund

    ADB has established the Climate Action Catalyst Fund (CACF) to mobilize carbon finance to incentivize investments in transformative mitigation actions and low carbon technologies. In this event, ADB will present the salient features of this first-of-its-kind carbon fund under Article 6 and discuss the catalytic role of carbon finance to promote investments in low carbon technologies and enhance climate action.

  • 11:00 - 12:00

    Water Pavilion

    Young Professionals Debate: 'Climate and Water Management'

    A highlight of the Water Pavilion, the Young Water Professionals’ debate will be a lively discussion between our enthusiastic future leaders and recognized senior experts.

  • 13:00 - 14:30

    Promoting Climate Adaptation Technologies in Asia and the Pacific

    This event aims to share new climate change initiatives and programs, discuss the relevance of climate technologies in achieving climate resilient development, and identify actions needed for increased uptake and deployment of adaptation technologies in developing countries.

  • 13:00 - 14:30

    Water Pavilion

    Climate Resilient Management Approaches for Flood and Drought: Moving from Theory to Practice

    This session highlights the urgent need for an adaptive approach to address the increasing frequency and intensity of floods and droughts in the context of climate change. It will examine the importance of integrating scientific knowledge, effective policies, international and local practices, and community engagement to increase resilience, with a focus on investments in early warning systems and nature-based solutions.

  • 14:30 - 16:00

    Operationalizing Paris Agreement Alignment at ADB

    In this event, ADB will share its experience in operationalizing PAA two years on. It will also feature donor, private sector, research and advocacy, and UNFCCC perspectives to take stock of the progress made and discuss the implications of ADB’s PAA commitment on financial flows and support proffered to clients, vis-à-vis the national and global climate targets. It will be a moderated panel discussion followed by a world café.

  • 16:00 - 17:00

    Upscaling Climate Finance Investment and Mobilization: The Potential of National Green Facilities in Southeast Asia and Beyond

    This session seeks to foster a greater understanding and appreciation for the potential of National Green Finance Facilities (NGFs) in Southeast Asia, and by extension, provide insight into their potential in other developing regions globally. It would provide a platform for practitioner dialogue on the establishment, operation, and impact of NGFs, bringing together policymakers, financial institutions, and stakeholders. Participants will have an understanding of different green bank models and their role in helping governments, MDBs, and other climate finance providers mobilize capital at scale.

  • 17:00 - 18:15

    Risk Knowledge, Infrastructure Systems and Resilience in Small Island Developing States

    Co-hosted by ADB and the Coalition for Disaster Resilient Infrastructure (CDRI) this panel discussion will bring together high-level government representatives from the Cook Islands, Jamaica and Tonga that have recently completed multi-hazard climate and disaster risk assessments. Panelists will discuss experiences with communicating and applying risk information to generate investments in resilient infrastructure systems.

9 December (Sat) - Nature, Land Use, and Oceans

  • 9:00 - 10:30

    Innovative Approaches for Building Coastal Resilience

    This session aims to bring together scientists, local practitioners, government officials and financial institutions to share insights, challenges, experiences, and good practices in building coastal resilience.

  • 11:00 - 12:30

    OPEC Fund Pavilion (Location B6, Building 69)

    Innovative Finance Approaches for Nature-based Solutions

    The event aims to brainstorm with the identified knowledge and technical partners on innovative finance approaches to efficiently implement nature positive solutions

  • 11:00 - 12:30

    National Strategies for International Carbon Markets

    There is an emerging landscape of carbon markets under the Paris Agreement that brings opportunities as well as challenges. In this event, ADB will convene international experts and policymakers for an insightful conversation on how to view carbon market opportunities holistically and systematically devise national strategies to participate in and take advantage of international carbon markets.

  • 13:00 - 14:30

    Mainstreaming Resilience through Strengthened Risk Assessment and Planning

    This session will highlight mainstreaming climate resilience, adaptation and mitigation into sectoral development planning using upstream climate assessment approaches. The event will showcase recently adapted approaches in project preparations for different sectors including transport, energy, water and urban development.

  • 14:30 - 15:30

    Accelerate Investments in Decarbonization and Climate Adaptation in the Agrifood Sector

    The session will highlight examples of decarbonization and climate resilience initiatives while highlighting issues faced by agribusiness companies in scaling these models and explore ways to unlock capital and forge partnerships. ADB will also present ways to help agribusiness companies accelerate decarbonization efforts and climate resilience, including providing financing.

  • 16:00 - 17:00

    Building Resilience in the AFNR Sector: Mainstreaming Climate Risk Assessment to Support Climate-Oriented Adaptation Investment Projects

    Through stakeholder engagement, ADB aims to develop climate-oriented investment projects to increase resilience of communities to climate change.

  • 17:00 - 18:30

    Resilient Coastal Communities

    This presentation will share a number of best practices from the Blue Community Consortium members, provide a case study of the Chiles Hospitality Circular economy model for increasing resiliency using the new Environmental Benefits frame work, and a new carbon solution plan to be net carbon zero, and provide a new model for financing coastal resiliency and restoration projects.

10 December (Sun) - Food, Agriculture and Waste

Event Contact

  • Janet Arlene Amponin (Ms.) Climate Change Officer Climate Change and Sustainable Development Department (CCSD) Asian Development Bank E-mail contact form
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