Companies call for more action on carbon, subsidies at COP28

That was the clear message from business leaders at the Reuters IMPACT conference in London on Wednesday about what they say needs to happen at the forthcoming COP28 climate summit.

While countries can agree a target, it is companies in the real economy which will determine whether the goal is met through their daily operations and investments, and to this end delegates called on policymakers to take bolder steps.from African leaders at the conclusion of a three-day Africa Climate Summit held in Nairobi this week for developed nations to do more to help provide finance to developing countries.

"It makes it more difficult and less transparent. And certainly for the bigger financing that needs to happen, it is an impediment.", and not least subsidies, being "the elephant in the room", Helena Viñes Fiestas, Chair of the European Union's Platform on Sustainable Finance, said she did not expect to see much progress at COP28.

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