COP28: What was agreed at the UN Climate Summit in Dubai?

UAE Consensus

Investment Week's sister publication BusinessGreen rounds up the key pledges and statements adopted as part of the landmark UAE Consensus declaration, and assesses what they could mean for the green economy.

The gavel has come down on a landmark climate deal in Dubai , finally drawing to a close a dramatic UN Climate Summit that was forced into extra time to break a deadlock between almost 200 nations with myriad competing priorities. Against a backdrop of global economic headwinds, escalating geopolitical tensions, and fierce divisions over how the climate crisis should be tackled, the multilateral UN process prevailed, delivering a declaration that was, appropriately, named the 'UAE Consensus'. Inevitably, this 'consensus' was based on a compromise that left everyone somewhat dissatisfi...