The 28th edition of the UN-organized Conference of the Parties, known as COP28, has recently concluded. This annual event stands as one of the most pivotal gatherings dedicated to addressing human-induced climate change and securing the sustainability of life on our planet.
This year's iteration was held in Dubai and had a primary focus on assessing the current state of the climate, which, regrettably, remains concerning. Additionally, it placed significant emphasis on the pressing need for financing climate-friendly solutions. Notably, the latter aspect, involving funding for both existing and emerging climate solutions, has captured the attention of financial markets, as it is poised to play a substantial role in the global economy. Consequently, we convened discussions with Ida Kassa Johannesen, our Head of Commercial ESG, and Peter Garnry, our Head of SaxoStrats, to delve into the outcomes of COP28 and explore their potential implications for financial markets.