COP28 Update – 14 December 2023

International

COP28 has seen a host of pledges and agreements, and the CMS team has been reflecting on the announcements and sharing their experiences of COP28 on the CMS COP28 Hub. Here, we roundup the latest commentary from our team at COP28. 

CMS Commentary

Innovation, regulation and investment needed for sustainable transport to become widespread

The CMS Urbanisation and Transport Roundtable, held during COP28, brought together a host of infrastructure businesses to reflect on the commitments and agreements that have been made.

Read more here: Innovation, regulation and investment needed for sustainable transport (cms.law)

Some clarity on UK forest risk commodities rules at COP28 Nature Day

The UK government announced a series of important measures seeking to tackle the impacts of climate-change on the natural environment at COP28’s Nature Day on 9 December 2023. The measures cover a variety of habitats and ecosystems ­­– including the marine environment, land, and saltmarsh habitats.

Read more here: Some clarity on UK forest risk commodities rules at COP28 Nature Day (cms-lawnow.com)

Solutions for the voluntary carbon market

Unlocking finance has been a key theme of the COP28 climate summit. Banks, regulators and top officials at COP28 have thrown their weight behind efforts to revive the global trade in voluntary carbon credits which is plagued by criticisms over lack of transparency and inadequate regulation.

Read more here: COP28 Solutions for the voluntary carbon market (cms.law)

Views from the Energy Leaders’ Summit

Wednesday 6 December saw CMS host the Energy Leaders’ Summit on behalf of the Global Success Partnership at CMS Dubai.

The event welcomed the Edward Hobart, British Ambassador to the UAE, and Andrew Bowie MP, UK Minister for Nuclear and Net Zero, who shared their perspectives of the UK’s role as a global leader in climate action and energy transition, and the opportunities for collaboration with the UAE and other countries in the region.

Read more here: Views from the Energy Leaders’ Summit | COP28 | CMS UAE