The key takeaways from COP28

COP28, held in Dubai from November 30 to December 13, 2023, was a crucial event in the fight against climate change. The participating countries adopted a number of important commitments, but much remains to be done to achieve the goals of the Paris Agreement.

In this article, discover a summary of the key takeaways from COP28

New emission reduction ambitions

One of the main outcomes of COP28 was the adoption of a new ambition to reduce greenhouse gas emissions.

The participating countries agreed to aim for a 43% reduction in global emissions by 2030, compared with 2019 levels. This ambition is still not enough to limit global warming to 1.5°C, but it represents significant progress compared with the previous 2°C target.

Climate finance

COP28 was also an opportunity to take stock of progress on climate finance.

Developed countries committed to providing 100 billion dollars a year to developing countries to help them finance their transition to a low-carbon economy.

This commitment, first made in 2009, has still not been fully honored.

Protecting ecosystems

COP28 also placed emphasis on protecting ecosystems.

The participating countries agreed to work toward restoring forests, oceans and other ecosystems that play an important role in carbon sequestration.

The challenges ahead

Despite the progress made, COP28 also highlighted the challenges that remain in achieving the goals of the Paris Agreement. These challenges include:

• The need to reduce greenhouse gas emissions even faster and more ambitiously.
• The need to mobilize more funding for the transition to a low-carbon economy.
• The need to protect ecosystems more effectively.
• The outlook for the next COP

COP29, to be held in late 2024 in Baku (Azerbaijan), will be an opportunity to review the progress made since COP28. It will also be an opportunity to set new ambitions for the coming decade.

Leasetic's commitment

As a company committed to the fight against climate change, Leasetic is dedicated to supporting the goals of the Paris Agreement.

Leasetic is a company specializing in the ethical and responsible financing of IT projects. Our company is committed to managing the environmental impact of its activities and offering responsible, tailored solutions to its clients.

As a company committed to the fight against climate change, Leasetic draws on its financial expertise to offer financing solutions that contribute to the energy transition.

In particular, we offer leasing solutions for electric and hybrid vehicles, which allow companies to reduce their greenhouse gas emissions.

Leasetic also offers financing solutions for acquiring energy-efficient IT equipment, such as servers and storage infrastructure.

Leasetic is a trusted partner for all companies looking to reduce their environmental impact and contribute to the energy transition. We are committed to supporting our clients in carrying out their energy transition projects by offering financing solutions tailored to their needs and goals.

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