Solving together at COP28
As leaders gathered for the United Nations Climate Change Conference in Dubai, UAE, from 30 November to 12 December, PwC joined the discussions to help advance meaningful action to address the climate and nature crises.
Solving these twin crises is going to take deep collaboration across all sectors and geographies, and PwC’s Net Zero Economy Index 2023 and the UN Global Stocktake synthesis report underscore the urgency needed. We’re committed to playing our part, and to help broker the radical collaboration needed to remove barriers and scale solutions. Let's make our climate actions count.
Our presence at COP28
PwC was honored to participate in events throughout COP, bringing leaders together to explore solutions on key topics, such as:
- Financing and scaling climate technology
- Transforming energy demand
- Climate adaptation to protect value and society
- Nature-positive business strategies
We would like to thank the numerous business, policy and NGO leaders who came together to explore actions we can take to turn climate ambition into practical, purpose-led plans.
What can drive change in the future that we have not seen in the past?
A word from our leaders at COP28
- Radical collaboration
- Energy demand reduction
- Nature action
- Technology acceleration
- Climate adaptation
- Non-financial reporting
- Finance
Radical collaboration
“We need systemic change that ensures the incentives in market economies contribute towards positive outcomes for society and the planet. It’s about rewiring the fundamental system of incentives, norms and values that drive the economy.”
Energy demand reduction
“We need to act to reduce the intensity of energy demand, not just transform supply. Because the lowest carbon gigawatt is one you do not use. We need a focus on demand reduction alongside decarbonisation.”
Nature action
“We need more businesses to act and report on nature, to drive a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes.”
Technology acceleration
“We need business and government to assume leadership roles in climate technology. This will require focus, increased funding, and changes in regulatory and reporting requirements to enable the growth of a climate technology ecosystem.”
Climate adaptation
“We need business and private investors to support adaptation solutions and innovations that governments may have difficulty financing, but that are mutually beneficial.”
Non-financial reporting
“High quality and robust standards are the ‘guard rails’ that provide stakeholders with information that show progress against sustainability goals, and which are decision useful.”
Finance
“The scale of investment needed to achieve net zero has to be viewed as an opportunity. This is the chance for investors to be at the forefront of the transition to a cleaner economy, creating profound social and economic value. De-risking carbon transition projects is key to unlocking this future.”
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PwC’s sustainability commitments
Net zero
To avoid the worst impacts of climate change, business, government and society need to work together to transition to a net zero economy. At PwC, we believe the business community has a role to make that happen. We're committed to leading by example and reaching net zero in line with 2030 targets.
Creating a nature positive future
As well as addressing our own nature footprint, we at PwC are helping to build the systems and frameworks that will deliver the trusted information needed to underpin a nature positive transition. We are committed to playing our part in delivering a nature positive world.
The Energy Transition
Visit our content hub to discover more about fuelling a resilient future through powerful alliances, greener investment and greater use of renewables.
Sustainability
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Contact us
Partner, Global Sustainability Leader, PwC United Kingdom
Tel: +44 (0)7710 157908
PwC Africa ESG Platform Leader, Strategy& and Chief Economist, Strategy& South Africa
Tel: +27 (0) 82 708 2330