Abu Dhabi

It has been two years since the UAE presided over COP28, delivering the historic UAE Consensus—a landmark moment in international climate cooperation.

Under the UAE’s pragmatic and visionary leadership, the Consensus brought together 198 countries around a comprehensive set of measures spanning mitigation, adaptation, and climate finance. The goal: to cut emissions, accelerate decarbonization, and protect the most vulnerable communities.

Key targets included tripling renewable energy capacity by 2030, doubling energy efficiency, and halting deforestation. COP28 also made history by establishing the first dedicated fund for loss and damage.

Beyond negotiations, the Presidential Action Agenda engaged the private sector in tangible decarbonization initiatives. Notable efforts included the Oil & Gas Decarbonization Charter (OGDC), a coalition of IOCs and NOCs responsible for 40% of global oil production, aiming to eliminate methane emissions and cut carbon output from operations.

COP28 also saw the launch of ALTÉRRA, the world’s largest climate-focused investment fund, targeting $250 billion by 2030 to scale global climate solutions.

The outcomes underscored the UAE’s role as a convener, uniting governments, industry, financial institutions, and civil society to achieve consensus through partnership rather than polarization.

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Two years later, as global energy demand rises, the principles of realism, pragmatism, and inclusive collaboration embodied in the UAE Consensus continue to serve as a blueprint for addressing climate challenges. Far from an endpoint, the initiative demonstrates how collective action and inclusive leadership can deliver a sustainable, resilient future for all.