Emissions trading in safe hands
Vertis, a MiFID II trading firm, supports companies in navigating through carbon compliance schemes, including different EU Emissions Trading Systems, CBAM and CORSIA, in a cost-effective way
Emissions trading in safe hands
Vertis, a MiFID II trading firm, supports companies in navigating through carbon compliance schemes, including different EU Emissions Trading Systems, CBAM and CORSIA, in a cost-effective way
Traders of Environmental Progress
STX Group is a global environmental commodities trader offering physical and financial solutions across compliance and voluntary systems for energy, fuels, gas and carbon markets.
Blog Articles
The United Nations’ COP28 will take place from November 30 to December 12, 2023, in Dubai, United Arab Emirates. This 28th session of the Conference of the Parties will be a crucial moment for global climate action. Countries will review their progress and commitments under the Paris Agreement, which aims to limit global warming to well below 2°C, and preferably to 1.5°C, compared to pre-industrial levels.
Navigating the complexities of climate action can be challenging. STRIVE by STX helps companies turn sustainability targets into measurable progress by leveraging environmental markets. Our experts are ready to answer your questions and support your climate strategy.
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COP28 is expected to address unresolved issues from previous COPs. These include rules for carbon markets, financing and technology transfer for developing countries, and compensation for loss and damage caused by climate impacts.
The conference will also highlight the contributions of governments, businesses, civil society, and youth in accelerating the transition to a low-carbon and resilient future.
Over 130 countries have pledged to reach net-zero emissions by mid-century. However, many lack concrete plans and policies to deliver on these pledges. COP28 provides an opportunity for countries to demonstrate ambition through updated nationally determined contributions (NDCs).
Corporates also play a vital role. They can align with national goals, set science-based net-zero targets, and disclose climate risks and opportunities.
The global energy sector is rapidly transforming due to rising demand for clean energy, volatile fossil fuel prices, and growing investor and consumer pressure. COP28 will spotlight progress and challenges in this transition, as well as the need for collaboration and innovation.
Corporates can benefit by investing in renewable energy, improving efficiency, and adopting low-carbon technologies and business models
Nature-based solutions (NBS) protect, restore, and enhance ecosystems while addressing climate change, biodiversity loss, and resource security. They provide multiple benefits, including carbon sequestration, resilience, and community support.
COP28 will highlight the potential of NBS and the need for more funding and governance to scale implementation. Corporates can integrate NBS into sustainability strategies by investing in conservation, supporting restoration projects, and engaging local stakeholders.
A strong outcome at COP28 is crucial for advancing climate action and sustainable finance. Delivering the longstanding goal of $100 billion annually in climate finance would accelerate sustainable development and mitigation efforts.
For corporates, COP28 decisions will shape regulatory landscapes, influence consumer behavior, and create new opportunities. Businesses should proactively explore decarbonization, invest in sustainable technologies, and integrate climate considerations into strategic planning.
