Climate and Sustainability

COP28 marked a significant moment with major industry players committing to reducing emissions and enhancing measurement and monitoring practices. While compliance carbon markets are expanding, questions about their applicability in emerging economies and the potential convergence of voluntary and compliance carbon markets remain. The climate and sustainability agendas are facing challenges in promoting collaboration between governments and industries, as well as in establishing effective funding strategies. Points of contention include how to secure financing for energy transitions in emerging markets, providing capital for both climate adaptation and mitigation efforts, and ensuring the effective operation of carbon markets. Achieving global consensus is increasingly challenging within a polarized political and economic landscape.