COP28 Updates

COP28 Transportation and Urbanization

06/12/2023

The ‘International Transport Forum’ (ITF) and the International Energy Agency (IEA) delivered key presentations, urging efforts to align transportation with energy supply to overcome challenges and achieve successful decarbonization. Data indicates that if maritime transport were a country, it would rank as the 6th largest carbon emitter. Consequently, CEOs of major shipping companies committed to intensifying their decarbonization efforts within the industry. Airports Council International (ACI) and Air Transport Action Group (ATAG) advocate for cleaner energy sources in the aviation industry, aiming to expedite the transition to clean energy in airports. The EU also supports the taxation of aviation fuel.

A Ministerial Meeting on Urbanization and Climate Change, organized by the COP28 presidency, produced a ‘Joint Outcome Statement on Urbanization and Climate Change’ supported by 40 ministers of environment, urban development, and housing. This statement outlines a comprehensive strategy with a 10-point plan to integrate climate action across various government levels, ensuring that an adequate amount of adaptation funding reaches cities. COP28 generated $467 million in funding for climate initiatives in urban areas. Reportedly, about 90% of cities face higher risks from storms and rising sea levels, with residents experiencing temperatures that are 10 degrees higher than those in rural areas, as stated by the leadership. In a historic first for COP, the Waste MAP was introduced—a platform utilizing satellite monitoring to observe and quantify methane emissions from waste, enabling organizations to detect methane emissions before they pose any harm.