Article

Key Takeaways from COP28

COP28 delivered 10 meaningful pledges, but the gap to finance the energy transition in developing countries remains large.

By Torsten Lichtenau, Jenny Davis-Peccoud, and Cate Hight

First published on diciembre 18, 2023
min read


COP28 delivered 10 meaningful pledges, including three on the energy transition and the first-ever pledge on food systems transformation. Commitments were concretized across mitigation, adaptation, and loss and damage, but the gap to finance the energy transition in developing countries remains large. The dual challenge of energy supply and climate change proved the most contentious to address, and parties made a last-hour breakthrough to include fossil fuel transition in the final text for the first time. COP28 also saw the highest-ever attendance by global CEOs, underscoring the role of business in driving climate outcomes. This report contains our key takeaways from COP28 and the implications for corporations around the world. Download the PDF LEARN MORE Bain at COP31 Climate targets are set. The question now is which moves actually pay off? At COP31 in Antalya, Türkiye, Bain will be on the ground with business leaders, translating climate commitments into capital allocation, competitiveness, and decisions that drive growth. Our delegates will dig into explore where the real business value sits: Energy transition and electrification, green industrialization, climate finance and investment, and regenerative agriculture; assessed through where companies should shape the market, monitor and prepare, or avoid overexposure.

COP28 delivered 10 meaningful pledges, including three on the energy transition and the first-ever pledge on food systems transformation. Commitments were concretized across mitigation, adaptation, and loss and damage, but the gap to finance the energy transition in developing countries remains large.

The dual challenge of energy supply and climate change proved the most contentious to address, and parties made a last-hour breakthrough to include fossil fuel transition in the final text for the first time. COP28 also saw the highest-ever attendance by global CEOs, underscoring the role of business in driving climate outcomes.

This report contains our key takeaways from COP28 and the implications for corporations around the world.

Download the PDF

LEARN MORE

Bain at COP31

Climate targets are set. The question now is which moves actually pay off? At COP31 in Antalya, Türkiye, Bain will be on the ground with business leaders, translating climate commitments into capital allocation, competitiveness, and decisions that drive growth.

Our delegates will dig into explore where the real business value sits: Energy transition and electrification, green industrialization, climate finance and investment, and regenerative agriculture; assessed through where companies should shape the market, monitor and prepare, or avoid overexposure.